Every college student dream to be get placed in a big company. Getting placed in a reputed company not only gives you the benefit of being trained under highly expert people but also makes your portfolio look more attractive. Apart from that, a new employee also wait impatiently for their first salary to be credited. They want to spend their firstly earned money with their friends and family while celebrating. There is no reason that you should not think about spending most of that money partying all day. But you have to be careful that this should merely be a one-time thing. As you are young, you might get the urge to buy things that are not necessary but it is important that you start to consider managing your money thinking about your future.
Here’s why you should only spend your money on the things that you really need:
You have to understand that saving money is one of the most crucial things that would benefit you in the future. At one point of time, you are likely to face a situation when you will be in need of money. And you do not want yourself to be asking your friends for it. To avoid such scenarios, you have to get in a habit of saving every month. The best way to save is to make a monthly budget and restrain yourself from spending on anything that your budget does not allow.
Invest in a vehicle as it will prove to be a good investment over a period of time:
Investing in a car or bike will not only make commuting easy for you but also serve you in your bad times. When you will be in the need of funds, Car pledge [รับจำนำรถจอด, which is the term in Thai] could be the option you might consider. Getting loan using your personal belonging as a security ensures you a lower interest rate. It also helps in getting your loan approved more easily.
