6 Money Facts for New Salaried Professionals


Bangalore: End of March is not only the end of a financial year, but also a beginning of job season, as new companies have already started recruiting freshers. If you are one of them and got your first job assignment, then recognize the fact that with your first pay cheque, you will entre the world of personal finance. But remember your stressful yet exciting journey of money should be carried out well so that you don’t empty your pocket before you come to know the pros and cons of handling money. Uma Shashikant, Managing Director of ‘Centre for Investment Education and Learning’, has come up with six money facts which will help you manage your finances.

1. Control your cash flow

The primary rule of managing money is to controlling the cash flow. Remember the income earned is cash inflow and an expense incurred is the cash outflow. Both these flows don’t have any match that is neither in case of time or account.

You may spend happily in the first half of the month, but if you don’t control your cash outflow then you may fall into trouble in the second half of the month. Because spending wisely have many benefits. What if you have to go for an unexpected trip your home town or you fall ill? You can manage it well if you have enough balance in your account. By this way gradually you will learn the obsolete art of making a perfect monthly budget.