You’ve recently graduated, you owe thousands of pesos in student loans, and your first job will likely pay only 10,000 pesos per month. How will you manage your finances and take control of your debt? Financial consultant Flora L. Williams, Ph.D., professor emerita of consumer sciences and retailing at Purdue University argues that managing your money—even the little you have—wisely isn’t a problem. You may not be making a lot of money when you first start, but as you gain experience, your investment in your education will pay off. They advise students and young professionals to make lifestyle compromises,...