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Congrats to the new grads of 2011!  Graduation season is in full swing and many are ready to enter the job market.  But where to start?

Many college students hope to receive generous gifts from their family and friends upon graduation.  Though they might prefer to put these donations towards vacation or spending sprees, in the current economy many are forced to put it towards more practical uses.  Here are some of the best uses of graduation gifts for new grads entering the job market:

• Clothing: First impressions are key when interviewing, and what better way to make a good one than with a new suit.
• Computer: The best way to start a new job search is through one of the many sites devoted to career building.  Once you land your dream job, a computer is vital to keeping up email and research responsibilities.
• Transportation: Airfare, gas, train tickets, and subway fares can add up as you trek from interview to interview.  Your family’s gifts can alleviate some of the costs.
• Living Expenses: You might not have a job yet, but living expenses still need to be paid.  Put your gift towards groceries and rent until your first paycheck arrives.

These might not be the most glamorous uses of your graduation gifts, but they are the most practical.  Once you’ve secured your first job, you can put your hard-earned money to use and treat yourself to the vacations and luxuries you’ve passed on.  But to be successful in your job search, it’s important to be practical and responsible with the gifts you are given.  Good luck!