Many people are intimidated by the thought of buying life insurance. Nobody likes to think too much about death, for one thing. And many people worry about which kind of insurance to buy – whole life or term life. But the most important question is how much you need.

An inheritance can be a wonderful and lasting legacy, but it can also be a thorny nightmare. Any time you mix emotions and money, there are bound to be issues that arise. If you avoid these five critical mistakes, the process of inheritance will go more smoothly.

Since you are just graduating college, the primary focus should be on becoming employed, setting your goals and making a budget. Your job will introduce you to things like employer benefits and retirement savings – and you’ll learn what you really get to take home from your paycheck after taxes are taken out.

In the U.S., we are certainly no strangers to the convenience of automation. According to Statista, we spend more than any other country—projected around $14.6 billion in 2017—on home automation services. If you want instant entertainment, energy efficiency or personal security, just launch an app or click a button, and it’s yours.

Recent grads will want to develop their first (of many) financial plans upon graduation. They can start with what I like to call, “The Big 3”.