Starting Your First Job
Landing your first job is an exciting event that starts you on the path to financial independence. Now is the time to review your financial situation and evaluate your financial goals and their cost. Doing this will help you figure out how much you need to earn to achieve your goals.
Your new job may mean that you have a much higher income. It may be tempting to give in to the urge to buy the big-ticket items you’ve been wanting. But now is the time to start managing your money wisely:
- Set some financial goals and create a savings plan to help you achieve them.
- Pay off any student loans or other debt.
- Start an emergency fund that would cover your living expenses for three to six months.
- Begin saving for retirement.
Whether it’s your first job or simply a new position, you may face decisions about many financial matters such as your employee benefit plan, the company pension plan and group life insurance.
Learn more about these decisions and how they may affect your financial future.
- Updating your financial priorities
- Benefits
- Payroll deductions: Where does it all go?
- Managing debt
- Protect yourself from employment fraud
Related Topics
- Savings Account Selector Tool
Compare interest rates and other features of different savings accounts - Banking Package Selector Tool
Compare features and find the banking package that best suits your needs - Budget Calculator
Plan your budget to help achieve your financial goals - Financial Basics
A financial literacy workshop - The City
A financial life skills resource
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