4. Remember – Loan Repayment Isn’t Your Sole Priority

As new joinees, many employees who have taken education loans tend to get carried away with only repayment of loan. However, it’s critical for new employees to not get fixated on repayment of loans only. They can set aside a small amount for investment as well. They must remember that repaying loan is not the sole purpose while working. You can’t leave aside investments because these are great ways to multiply your money over a period of time. Plus, do not become miserly in the process of repaying your loan. Loan is a small part compared to your personal life.

Suresh Sadagopan, Founder of Ladder 7 Financial Advisories and a Certified Financial Planner and, says that we must set aside 20 percent of our salary “for future goals," like insurance and home loan.