Eli Jones, dean of the Mays Business School at Texas A&M University, has some financial advice for recent college graduates: When it comes to your standard of living, start out slow. “Many of us had to grow to a level of buying a brand new home… a brand new car,” he says. Don’t run up your debt too fast. Dean Jones also says his biggest money mistake was racking up several thousand dollars of credit card debt early on in his career. He’s not sure that credit card companies will like what he has to say about charging purchases and credit card debt.