Your first salary

Congratulations, you got your first job.

Now you have to plan right and spend wisely.

Your first salary

Getting paid for services you rendered is a feeling that never grows old. If you are about to experience, it for the first time, buckle up!

First things first, congratulations on securing employment. Making a living has become so trivialized that we forget to give ourselves credit for diligence, persistence and the hard work that is put into it.

On the other end of the spectrum however, it is easy to get caught up in the haze of ‘true independence’ and squander your earnings.

Getting your first salary is a memorable experience that most people never forget. The memories associated to that first paycheck could be positive or negative –depending on how and when the money was spent.

There is no need for a motivational or pseudo-philosophical ideology when it comes to your first salary and how it should be used. In good energy though, here are a few tips when it comes to that first payment after your employment.

Tips

  • Pace yourself. Don’t be too excited to spend it all.
  • Create a budget including your daily costs for the work period pre-salary payment. Also, create a wants vs. needs list to judge your purchases.
  • Be spontaneous. Don’t constrain your expenses to just your budget, live a little!
  • It won’t last forever. Spend when you should, save when you should
  • It is a salary not an allowance. Be financially responsible!

Above everything written and unwritten, try to understand the person you are at different financial levels. It keeps you in check for both sunny and rainy days.

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