Published July 12, 2021, 1:28 PM
Congratulations on finally taking your first steps towards a thriving career! Adulting can feel nerve-racking and overwhelming, but as long as you’re willing to learn, you’ll do just fine.
Now that you’re earning money for the first time, one of the first things you need to master is handling your finances. When you’re earning regularly, it can be incredibly tempting to overspend. But there’s a way to balance treating yourself and spending your money wisely. Start following the 50/30/20 budgeting framework with your very first paycheck: 50% for needs, 30% for wants, and 20% for savings.