Being immersed in the job market, we usually discuss the job search— what to do, where to look for a job, how to dress for your interview, etc. This is all valuable information, of course, but what happens when you finally get that job and start making some money? When you start a new position and get that first paycheck, there are a ton of things you’d probably like to do with it. There are also a few things you should do with it. Let’s take a look at what to do with your first paycheck.
Frankly, getting that first paycheck is just cool. It makes you feel like an adult, it’s important and it signifies freedom. So when you get that first paycheck what do you do? Do you spend it on something you’ve been wanting, save it for the future, take your parents out to dinner for all their support (sorry mom and dad, I may have dropped the ball on that one), frame it (or as I like to call it, that thing no one ever does except characters on TV), or pay your bills/loans?
The mature thing to do is keep yourself financially secure. Pay any bills that need to be paid and put a little to the side. It may seem boring, but it is a good habit to form early on making sure to balance your finances. Good financial habits at the onset help set the standard for what to do with subsequent paychecks and increases.
That being said, if you have some money left to splurge, do it. As long as you have the money there’s no harm in having some fun with that first paycheck. Buy yourself the phone you wanted or a pair of shoes you’ve been coveting. One way to alleviate the stress of starting a new job and getting comfortable with the increased responsibility and schedule is to experience some of the benefits. Doing something for yourself allows you to see the fruits of your labor.
No matter how you decide to spend that first paycheck, I want to offer you congratulations on the new job! And don’t forget to send a little to your favorite bloggers and employment pros here either (kidding, kidding). Enjoy!
What did you do with your first paycheck? Did you spend it or save it? Let us know in the comments section below!
IMAGE: Courtesy of Flickr by bigburpsx3