Education

How Your First Job Can Impact Your Retirement

The moment you walk through the front door, your phone rings. You fumble the smartphone out of your pocket and answer it eagerly, speaking with the job interviewer that you just saw an hour ago. They excitedly give you the good news as you can barely hold back the scream of joy. You landed your first job and will start work on Monday. When you go to bed, you start thinking of all the things that you want to do and buy with the salary you will make from the job.

Reining in Out of Control Spending

Ask your grandparents how they purchased their first home and you may be shocked to learn they spent years scraping together a down payment or even purchased it outright. Today, buying groceries using credit is quite common. Credit cards have made it easy to spend quickly and effortlessly, yet this can be one of the most challenging – and worrisome – of all financial trends. As a consumer, you know you want to spend less, especially on credit cards. Yet, with everything “a swipe away” it’s just too tempting to buy what you want whenever you want it.