After months of searching for a job of any kind, getting hired can feel like the beginning of an entirely new part of your life. You might feel like the college days of scraping together enough money for food are far behind now that you have a steady paycheck coming your way. However, even workers at the most prestigious premium entry level jobs and paid internships should exercise financial restraint during the early days of employment. Here are some things to keep in mind so you don’t break the bank.
When you have a few dollars in your pocket, it might seem like no big deal to splurge. However, those little expenses like your morning cup of coffee or subway fare can quickly begin to add up. Be aware of what you regularly buy in a given day – even if it only costs you a dollar or two – so you don’t find yourself wondering how your last paycheck disappeared.
Once you graduate from college, life also starts throwing unexpected expenses your way. Between student loans, rent, utilities, cable, transportation, food and toiletries, don’t be surprised if the majority of your salary goes to these living costs – leaving you with only a few dollars for that new surround sound system you had planned on buying.