According to financial advice, how much should you aim to have in your savings account by the time you graduate if your monthly living expenses are $1,500?

To determine how much you should aim to have in your savings account by graduation, consider your monthly living expenses of $1,500. A common piece of financial advice is to have a savings buffer that covers several months' worth of living expenses. Aiming for $1,500 to $3,000 aligns well with maintaining a safety net of one to two months of expenses, which is generally advised for recent graduates.

This range provides a practical cushion to cover any unexpected expenses or gaps in income that might occur after graduation, particularly as individuals transition into the job market. Having savings in that range supports financial security and can help in managing initial living costs as one navigates early employment challenges.

More conservative amounts, such as those found in the other answer choices, may not provide sufficient coverage for the typical costs of living, especially in scenarios of job searching or other immediate financial needs. Thus, accumulating between $1,500 and $3,000 represents a well-rounded approach to financial preparedness for graduates.