9 Things To Do When You Get Your First Job

12 Jan 2023

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1. Understand your salary structure

to take advantage of HRA, LTA, etc.

2. Check your tax liability

to know your in-hand income

3. Analyse expenses & budget

to reduce splurging and build savings

4. Plan to repay student loan

as early as you can

5. Open a savings account

separate from your salary account to isolate your savings

6. Start with investing in an FD/RD

to slowly build your wealth

7. Get a credit card

to get attractive rewards
like cashback, discounts, interest-free credit, etc.

8. Get an insurance

early on to keep the premium low

9. Plan for life goals

like buying a car, home, holidays, etc.

Note: We can customise the copy according to the series name. For ex, if the name is ‘Ace your finance game’ then we can label each point as ‘Level 1’, ‘Level 2’, etc. If the name is ‘Finance/Money ki pathshala’ then we can label each point as ‘Chapter 1’, ‘Chapter 2’, etc.

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    The contents of this article/infographic/picture/video are meant solely for information purposes and do not necessarily reflect the views of Bank of Baroda. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Bank of Baroda and/ or its Affiliates and its subsidiaries make no representation as to the accuracy; completeness or reliability of any information contained herein or otherwise provided and hereby disclaim any liability with regard to the same. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Bank of Baroda or its affiliates to any licensing or registration requirements. Bank of Baroda shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.

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