We have all been there and done that; your first monthly salary arrives and then you find yourself with a certain amount in your bank account, something that had not happened before.
Therefore, the desire to buy the whims you have always wanted begins, but those whims usually cause a deep dent in our pocket. The truth is that, in many cases, the most important lessons come from poor decisions. And when we talk about personal finances, mastering them is a matter of learning to use them over time.
If you have just started your first job and are thinking about how you can take advantage of it to start saving, It is for that same reason that we have decided to share with you our guide to become the master of your finances despite being in your first job.
1. Save a Portion of Your Salary
The first mistake is to think about saving “what is leftover” at the end of the fortnight and the reality is that many times there is no excess, quite the opposite. For this reason, most users on Collected.Reviews opined that it is essential that when distributing household income, a fixed amount is obligatorily allocated to savings, as is done with the payment of services. For instance, you can transfer 10% of your income to your “future account”, namely an extra account for your financial investments or even transfer at least 20% of all additional income such as a Christmas bonus or a bonus … Read More ...