Your first job is a major milestone. You can learn a lot from your first job, as well as start down the path toward financial freedom (if you manage your money right).
Unfortunately, too many us start first jobs and our thoughts go to how we’re going to spend our money. When I started my first job in high school — and even when I started my first job after college — I could think of little beyond how I was going to spend my money.
It didn’t really occur to me to save some of my money (even though my parents had tried to drill that lesson into my head), much less open a retirement account and start contributing. If you are starting your first job, it makes sense to pay attention to the future. Don’t forget to pay yourself first. Here are 5 tips for starting a retirement account with your first job: