Personal Finance
The First Paycheck
By betterspider  •  February 9, 2020
This is the start of a series of posts that will explore a number of firsts in the life of a fresh graduate.  After slogging through years of formal education and a whole month of hard work, you finally earned yourself a first paycheck! Now what? Well, most people would spend it on a nice meal with your family and friends. Some would reward themselves with a nice present – a new extravagant purchase, perhaps? While there are no rights or wrongs on how you should spend your money, it’s wise to also start planning to build your stash of funds with your newfound recurring income.

A stash of funds?

Building a stash is an important part of financial planning and eventually financial independence. Planning how you are going to allocate and spend your salary is wise as it prevents you from overspending, allocate some to savings, build an emergency fund, or invest for the future....
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By betterspider
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