4 Ways To Manage Your Money With Your First Job
Few things in the world compare to the thrill of landing your first job. You are finally financially independent and free to chart the course of your own life. Of course, having your own income comes with its own challenges – like charting the course of your own life! Here’s how you can manage your finances so that you can fulfil all your dreams: #1 Start a savings account separate from your salary account. When you accepted your job offer, the HR department may have put you through an orientation process to get you acquainted with the essentials. One of these involved opening an account to deposit your salary in. While some companies accept existing savings accounts, others insist on employees opening accounts with a partner bank. In either case, you must now open a savings account that is separate from the salary account. Use this new account to deposit monthly savings in – start by setting aside AED 50 or 100 every month. You can increase the savings amount gradually when you ...