Personal Finance
Getting the first job
Starting a new job marks a crucial transition from college to the professional world, bringing with it new responsibilities and opportunities. Budgeting is key, with strategies like the 50/30/20 rule aiding in managing living expenses, discretionary spending, and savings. Tackling existing debts like student loans should be a priority, alongside smart credit card usage to avoid high-interest rates and penalties. Additionally, understanding and supplementing employer-provided health insurance with personal coverage is essential for comprehensive protection. Building an emergency fund and investing wisely in mutual funds or ETFs can secure financial stability and help achieve long-term dreams and goals
By
Jayant Kamra
February 27, 2024
10