2. Creating an Emergency Fund

In this highly competitive and unpredictable world you never know when a crisis situation may arise. Stopping a crisis is not in your hand but few cash in hand will definitely make it easier to handle the crisis wisely. Hence, it is very important to have some savings equivalent to seven to eight months of expenses. And it is more significant for those who are single as single people have to face the situation on their own. Make sure you have an emergency fund ready whenever require.

3. Stay Away From Credit Card Debt

Though earning at the initial time of your carrier may feel very exciting and using your own credit card may feel independent where you don't have to report to anyone about your expenses, but at times it may put you in serious trouble. Make sure that you use your credit card wisely only whenever necessary. Controlling your self from impulsive shopping is very much necessary. As shopping may seem easy with credit cards, but incase you fail to meet the amount later, it may cause you some serious trouble.

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