Congratulations!  You’ve landed your first grown-up J-O-B.  I’m sure your parents are thrilled.   Now what?  There is a bewildering array of benefits to understand and lots of advice flying your way.  Here is a little quick advice that may help streamline your decision making.

Start saving!

First priority is a savings account for emergencies or job loss.  The target amount is at least $1,000 to start.  Once you reach that goal, enroll in your 401(k) at work for a 6% contribution.  Continue saving into your savings account until you reach 3 month’s of essential expenses.  From there, switch the savings account contribution to 401(k).  Try to get to saving at least 10% in your 401(k).

Don’t make drastic lifestyle changes 6 months.

It’s tempting to buy a fancy new car or upgrade your living quarters with that first paycheck.  Slow your roll and make sure you like the job enough to stick around a while (and they like you enough to keep you!).  Also, your paycheck, after the many deductions that come out, may surprise you.  Get used to your real cash flow before making decisions on how much rent or car payment to commit to.

Now go forth and impress the hell out of your new boss!

For more ideas on starting strong with your new job, CLICK HERE for my FREE online class on Finances and Your First Job!