give the dude benefit of doubt , it is like starting on a new job after campus, it all depends on the company that you keep, if he gets focused friends he'll be far , if he gets those who are "just there", he'll be going for overdrafts every month till he clears his term and spending it on unending parties.Look at your friends whom you started working with they are either very far in terms of savings/homes etc or still stuck in a loan cycle as a result of over indulgence based on the company they choose at the onset.