Soon after donning their caps and gowns, recent college graduates should develop their first (of many) financial plans. Here’s how to start: Create a cash flow: No, not a budget, but a process that will allow you to track what's coming in and going out. This may sound annoying, but think of it as a way to find the money to fund your various financial priorities. Most banks offer apps or you can try Mint, Digit or You Need a Budget.