How you will spend your first salary after you get a job?
How you will spend your first salary after you get a job?
What is the best thing to do with a first salary?
- Highlights.
- Start an FD account for a safe investment.
- Invest in mutual funds for high returns.
- Buy medical and life insurance early in life.
- Keep aside a contingency fund for emergencies.
How do you spend your first income?
11 Most Meaningful Things To Do With Your First Salary
- Buy everything you’ve always wanted to. Image Courtesy: Flickr.
- Clear off your dues. Image Credit: SkMecca.
- Send a token of your gratitude to those who helped. Image: Titan.
- Start investing.
- Get a tattoo.
- Help someone.
- Go on a trip.
- Pamper yourself.
At what age should you start earning?
Usually, one starts one’s career from the age of 25 after completing higher education. The tendency after earning the monthly salary is to splurge and fulfil one desires and wishes. It’s always wise to start saving early in life. Usually, one starts one’s career from the age of 25 after completing higher education.
Is your first salary too paltry?
You may consider your first salary too paltry or yourself too young to actually consider investing. But each and every penny invested correctly helps multiply the money over the long term. The sooner you start investing, the better.
What is so special about your first paycheque?
Your first paycheque is always special. After years of spending your parents’ money, there comes that one day in your adult life you see the magic words “Your Salary Has Been Credited” for the first time in your mobile phone. Irrespective of the amount or the company, that moment is always special.
What should you do with your salary?
Go get a nice spa massage, a facial or simply binge on some ice cream. You have worked hard, and your salary is the most tangible form of reward of your hard work. A little indulgence can be forgiven.
How to avoid paying high taxes as a young person?
Many youngsters complain of paying high taxes, but realise that they could’ve minimised the amount of taxes by planning their investments early on. An insurance policy is best bought sooner than later to enjoy most benefits. Also, usually, the younger you are, the lesser premium you on pay on health insurance.