We understand you would have many doubts about your first earnings, especially as an intern and student who is sailing amid employment slump. This article will address all those, so sit back and read on.
1. Your check may appear unlike your expectations: You have undoubtedly calculated your hourly income by the total working hours. You start feeling thrilled with the offer. But that may change when you earn your first salary. If you withdraw insurance, taxes and seek out other deductions, your pay cheque may be a little less than your expectations. Take that into consideration when you arrange your finances. If you face any doubts, do not hesitate to reach out to the HR.
2. Invest as you save: You may begin preparing your future when you start making money. If you want to save money now, but you will make more money in the future, investing in different schemes is one of the smartest ways to save. Save some of your stipend every month. When you have enough money saved up, start making small investments that will pay off in the long run.
3. Start Budgeting: Creating a budget may change everything. Budgeting may help you save for the future, make you worry less about paying bills on time, and still would let you enjoy your life. It’s important to set a budget early on during internship, because you'll make lesser. When you create a budget, you begin by recording how much you spend every month. Then, outline some essential financial objectives by choosing how much you can save.
4. Don’t just Intern, but Learn: The more you learn, the better you earn. Start with this thought process to move up the ladder. Once you start getting incentives and bonuses for your inputs, you’ll strive to do more. Being an intern provides ample ways to grow your skills, network with the right people and become a full time employee.
5. Cut Unnecessary Expenses: Take your own lunch to work. Why? Because very soon you’ll realise that spending on outside food won’t help you with the savings. Instead, it will turn in to an impulse expenditure. Similarly, don’t buy stuff that you don’t require in actual sense. It's common that with earnings comes financial independence. However, spending it mindlessly will hurt your pocket more than you can think of.
Why should you manage your money?
Making a habit of saving early on in your career would help you immensely in tough times. It will also show you the value of money. You can sure spend as much as you can but with the ever evolving economy, your sky-high aspirations, and several other factors, it’s always a good idea to start money management when you land your first internship.
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| Vacancy | Location (Sector) | Job Type | Date Published | |
|---|---|---|---|---|
Real Estate InternshipJBROWN GLOBAL LIMITED |
London , Central London Property Management / Real Estate |
Full-time | Nov 20, 2023 | View |
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London, Central London Marketing / Advertising / Social Media |
Full-time | Nov 20, 2023 | View |
Real Estate Accounts Placement/ApprenticeshipJBROWN GLOBAL LIMITED |
London, Central London Accountancy |
Full-time | Nov 20, 2023 | View |
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| Vacancy | Sector | Location | Job Type | Date Published |
|---|---|---|---|---|
Social Media InternDJFAN LIMITED |
Media / New Media, Marketing / Advertising / Social Media, Internet Business / Online / Mobile |
London, Greater London | Part-time | Nov 20, 2023 |
Social Media & Events AssistantL BOISSEL LTD |
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London, Central London | Full-time | Oct 29, 2023 |
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| Region | Vacancies | |
|---|---|---|
Central London |
5093 | View |
Greater London |
1154 | View |
South East England |
358 | View |
South West England |
91 | View |
East of England |
43 | View |
East Midlands |
48 | View |
West Midlands |
160 | View |
North East England |
9 | View |
North West England |
143 | View |
Yorkshire and the Humber |
34 | View |
Scotland |
45 | View |
Wales |
25 | View |
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