What To Do With Your First Salary?

First salary is special for everyone. It establishes an individual’s earning footprint and we all only hope that it goes uphill from there. The sense of freedom that comes with a first salary is unparalleled. So, it is only right that we make the best of our first salary. Fun fact: We have too many plans with it! So, if you are feeling like a deer in the headlights, you are not alone. That’s why we have put together some ideas that would make you make the most of your first salary.

 1. Save 20% of Your First Salary (and every salary thereafter!)

First things first. Of all the dreams that you have with your first salary, going broke isn’t one. And the smartest people around you would ensure that their savings account is filling up and zipped tight right from their first salary. But how much to save? Make the math easier and save 20% of your salary. Contact the bank that holds your salary account and set up an automated transfer of 20% of your monthly salary to a separate savings account. As long as you do that, you never have to worry about going bankrupt again.  And oh, if you want to grow it further, try investing in Debt Funds that could provide a relatively low growth but steady enough with lower risk. You can even start small.

2. Buy Something For Your Parents (Or Even Better Give Them The Rest Of The Salary)

Remember all that you have put your parents through growing up? It’s payback time honey! Needless to mention, your parents deserve it. Most parents are fine just knowing that their child has a job now that doesn’t involve being chased by police, but you should know better. They have sacrificed enough for you. Perhaps, you can part with some of your salary to buy some thoughtful gifts for them? And while we are on the topic of parents, if you were day dreaming while they dutifully imparted financial lessons to you, here’s your chance at a refresher.

 3. Pay Off Debt (And Make a Habit of Staying Out Of It)

I know it’s not easy to pay off education loan with your first salary but you can make a start right away. Make your parents proud and start paying it off without asking your Dad to do it. And if you have borrowed money from anyone else, paying them off is the best thing you can do with your first salary. You will be proud, stress-free and guess what, all ready for the best part of earning your first salary. Oh, and did we mention about making a habit of NOT taking any more unnecessary debts?

 4. Spend On Yourself (But Don’t Get Credit Card Debt!)

After all the good deeds you did with your salary, now is the time to finally pay yourself. Remember those million odd dreams you had with your first salary? The ridiculously expensive phone, that designer bag, or that Bose speaker that you probably won’t have time to listen to are still at the closest mall around you. They are waiting to come home with you. Free the reigns and treat yourself. You totally deserve it! Just don’t get into Credit card debt, will ya?

The sooner you try the sooner you can succeed

Morbi leo enim, laoreet eget urna id, ullamcorper condimentum urna. Curabitur accumsan sem et nisi ultricies porttitor. Aliquam sed nunc elit. Nunc faucibus interdum mauris at mattis.Phasellus congue volutpat porttitor.
Vivamus fringilla iaculis ex, et condimentum magna pharetra id. Aliquam erat volutpat. Nam odio velit, egestas vel leo tempus, luctus dapibus mauris.

Phasellus molestie, lectus sed dapibus volutpat, ligula tortor tincidunt purus, et imperdiet erat sem vel mauris. Nam nulla tortor, imperdiet et tincidunt nec, ornare sit amet risus. Aliquam malesuada bibendum gravida. Nullam blandit sagittis felis in ullamcorper. Vivamus varius sem vehicula, tempus arcu scelerisque, lobortis quam. Sed mollis nibh eget semper consequat.

Heading h1

Heading h2

Heading h3

Heading h4

Heading h5
Heading h6

Aenean ac porttitor diam. Sed imperdiet mi rutrum metus porta pretium. Vestibulum fermentum lectus quis erat convallis volutpat. Vestibulum tristique semper lacus vitae commodo. Aliquam sollicitudin purus at placerat placerat.

Donec eget ipsum sagittis, varius leo non, mattis eros. Donec eleifend, urna ut elementum tincidunt, velit nibh pulvinar odio, ac tristique mauris magna sit amet arcu. Aenean vestibulum gravida rutrum. Morbi vel augue a lectus ultricies varius nec id elit. Proin viverra ligula vel velit efficitur, eu pretium lacus vestibulum.

MADISON RICHARDS

5w5p7voj94

Sed gravida diam et nibh facilisis cursus.

Suspendisse eleifend nulla ac rhoncus egestas. Sed vehicula ipsum vitae finibus condimentum. Phasellus rhoncus, nulla et sodales sodales, massa nisl volutpat odio, ac sodales risus metus sollicitudin odio. Proin et nibh a urna congue posuere. Proin lobortis sodales arcu sed volutpat. Proin sem turpis, sollicitudin ac augue in, aliquet mollis metus. Duis quam lorem, consequat a sapien eget, dignissim rhoncus turpis. Donec dictum eget nibh lobortis eleifend. Vestibulum sed porta sem. Etiam egestas velit dolor, a pretium elit finibus a. Donec tempus purus vel consequat pulvinar. Pellentesque at eros nec felis consectetur consequat in et turpis. Donec at erat venenatis, imperdiet sapien quis, molestie nisi. Phasellus metus nisi, placerat quis scelerisque sit amet, dapibus eget massa. Nunc egestas congue metus. Fusce facilisis purus quis diam fermentum, vitae bibendum metus porttitor.

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur

Love is foundation of a happy fammily

Morbi leo enim, laoreet eget urna id, ullamcorper condimentum urna. Curabitur accumsan sem et nisi ultricies porttitor. Aliquam sed nunc elit. Nunc faucibus interdum mauris at mattis.Phasellus congue volutpat porttitor.
Vivamus fringilla iaculis ex, et condimentum magna pharetra id. Aliquam erat volutpat. Nam odio velit, egestas vel leo tempus, luctus dapibus mauris.

Phasellus molestie, lectus sed dapibus volutpat, ligula tortor tincidunt purus, et imperdiet erat sem vel mauris. Nam nulla tortor, imperdiet et tincidunt nec, ornare sit amet risus. Aliquam malesuada bibendum gravida. Nullam blandit sagittis felis in ullamcorper. Vivamus varius sem vehicula, tempus arcu scelerisque, lobortis quam. Sed mollis nibh eget semper consequat.

Heading h1

Heading h2

Heading h3

Heading h4

Heading h5
Heading h6

Aenean ac porttitor diam. Sed imperdiet mi rutrum metus porta pretium. Vestibulum fermentum lectus quis erat convallis volutpat. Vestibulum tristique semper lacus vitae commodo. Aliquam sollicitudin purus at placerat placerat.

Donec eget ipsum sagittis, varius leo non, mattis eros. Donec eleifend, urna ut elementum tincidunt, velit nibh pulvinar odio, ac tristique mauris magna sit amet arcu. Aenean vestibulum gravida rutrum. Morbi vel augue a lectus ultricies varius nec id elit. Proin viverra ligula vel velit efficitur, eu pretium lacus vestibulum.

MADISON RICHARDS

single

Sed gravida diam et nibh facilisis cursus.

Suspendisse eleifend nulla ac rhoncus egestas. Sed vehicula ipsum vitae finibus condimentum. Phasellus rhoncus, nulla et sodales sodales, massa nisl volutpat odio, ac sodales risus metus sollicitudin odio. Proin et nibh a urna congue posuere. Proin lobortis sodales arcu sed volutpat. Proin sem turpis, sollicitudin ac augue in, aliquet mollis metus. Duis quam lorem, consequat a sapien eget, dignissim rhoncus turpis. Donec dictum eget nibh lobortis eleifend. Vestibulum sed porta sem. Etiam egestas velit dolor, a pretium elit finibus a. Donec tempus purus vel consequat pulvinar. Pellentesque at eros nec felis consectetur consequat in et turpis. Donec at erat venenatis, imperdiet sapien quis, molestie nisi. Phasellus metus nisi, placerat quis scelerisque sit amet, dapibus eget massa. Nunc egestas congue metus. Fusce facilisis purus quis diam fermentum, vitae bibendum metus porttitor.

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur

The kids love going to the seaside

Morbi leo enim, laoreet eget urna id, ullamcorper condimentum urna. Curabitur accumsan sem et nisi ultricies porttitor. Aliquam sed nunc elit. Nunc faucibus interdum mauris at mattis.Phasellus congue volutpat porttitor.
Vivamus fringilla iaculis ex, et condimentum magna pharetra id. Aliquam erat volutpat. Nam odio velit, egestas vel leo tempus, luctus dapibus mauris.

Phasellus molestie, lectus sed dapibus volutpat, ligula tortor tincidunt purus, et imperdiet erat sem vel mauris. Nam nulla tortor, imperdiet et tincidunt nec, ornare sit amet risus. Aliquam malesuada bibendum gravida. Nullam blandit sagittis felis in ullamcorper. Vivamus varius sem vehicula, tempus arcu scelerisque, lobortis quam. Sed mollis nibh eget semper consequat.

Heading h1

Heading h2

Heading h3

Heading h4

Heading h5
Heading h6

Aenean ac porttitor diam. Sed imperdiet mi rutrum metus porta pretium. Vestibulum fermentum lectus quis erat convallis volutpat. Vestibulum tristique semper lacus vitae commodo. Aliquam sollicitudin purus at placerat placerat.

Donec eget ipsum sagittis, varius leo non, mattis eros. Donec eleifend, urna ut elementum tincidunt, velit nibh pulvinar odio, ac tristique mauris magna sit amet arcu. Aenean vestibulum gravida rutrum. Morbi vel augue a lectus ultricies varius nec id elit. Proin viverra ligula vel velit efficitur, eu pretium lacus vestibulum.

MADISON RICHARDS

single

Sed gravida diam et nibh facilisis cursus.

Suspendisse eleifend nulla ac rhoncus egestas. Sed vehicula ipsum vitae finibus condimentum. Phasellus rhoncus, nulla et sodales sodales, massa nisl volutpat odio, ac sodales risus metus sollicitudin odio. Proin et nibh a urna congue posuere. Proin lobortis sodales arcu sed volutpat. Proin sem turpis, sollicitudin ac augue in, aliquet mollis metus. Duis quam lorem, consequat a sapien eget, dignissim rhoncus turpis. Donec dictum eget nibh lobortis eleifend. Vestibulum sed porta sem. Etiam egestas velit dolor, a pretium elit finibus a. Donec tempus purus vel consequat pulvinar. Pellentesque at eros nec felis consectetur consequat in et turpis. Donec at erat venenatis, imperdiet sapien quis, molestie nisi. Phasellus metus nisi, placerat quis scelerisque sit amet, dapibus eget massa. Nunc egestas congue metus. Fusce facilisis purus quis diam fermentum, vitae bibendum metus porttitor.

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur