4. Medical Insurance

It's somewhat important to buy a health cover because a medical emergency can wipe out your entire corpus. “In the initial few years, people jump jobs very often. And in between two jobs, there is a possibility of a cooling off period, where the employers’ insurance cover is no longer valid.” says Dani, as quoted by firstpost.com.

5. No parallel loan

There can be a possibility of, you paying off your educational loan form new acquired job salary. In your early years you would also be tempted with idea buying a fancy car or bike, then do avoid getting yourself tangled in the burden of multiple loans. “Do not take any parallel loans when you already have one loan. So, don’t buy a car or home in the first few years of your job. Once you’ve settled in and know the direction your career is taking, only then take in larger debts.” says Mathpal, as quoted by firstpost.com.