First salary,How to Spend it Or save it

College education and a few months later, some people need to be sitting so many years. Such people often recognize vain for mercy view. The first job and first salary. Wow .. With salary visiting day you start making plans to spend it. But just wait, you may wind up your salary because of Miss Management. The salary savings from your first job to learn a few tricks, you can further improve your life significantly.

Right strategy needed

There are many ways people spend their first salary. In fact, most people thought the salary costs - based on emotions rather than the effort to do. So to those who are first-time job, he's our only advice before spending a good salary - offers little planning.

Make Your Budget

Find an idea of ​​eating - drinking, room rent, mobile recharge, etc. How much is spent on large items. Similarly, entertainment, loan repayment, clothes, books, etc., you will realize the cost of shopping. You will be able to ensure that on the whole month salary.

EMI and Insurance

On receiving the salary of a life insurance policy and health policy a try. Get lower premiums on the policy at a young age, so it is better to take up insurance cover. Term life insurance policy to cover is considered advisable. The money every month by the due date will be automatically captured.

Tax Saving and Investing

With the salary savings or investments for the further planning and tax saving should also. Who are young, they are more risk appetite, so much a part of their portfolio invested in stocks as it can be. But investing in the stock market is risky, so you should start with mutual funds. If you or someone Rajiv Gandhi ELSS of mutual funds that invest in equity plan, it will save on your taxes.

Look The Point

- If you are certain of their expenses as income Plan manner.






- Your salary limit, so your foot is equally keep under sheet as long as possible.

- In the first week of the month they can not pay the full salary for free may not be a problem.