First Salary

Philippines
September 28, 2012 8:09am CST
YAHOOOOOO! after I was been unemployed for over 1 year, I got my first Job and receive my first salary.. I dont know what to do with this because I'm too EXCITED!!! hehehe My mom tells me that I should put it to my savings account and my sister says we should buy pizza then my ex-classmates says we should drink! then my friends says lets go watch movies.... But all in all my mind says, I should go shopping hahahaha... I have 1 month to survive my work hours and I want a wise choice.. so can you tell me how you spend your money after receiving it?
2 people like this
19 responses
@iwrite (5042)
• Singapore
28 Sep 12
I'm money management term you should save at least 10% of your salary, more if you can afford. 10% for enjoyment, 20% for you I vestment and upgrades and the rest of the 50% for your daily needs.
• Philippines
28 Sep 12
wow nice tips my 3rd sister tells me that too, I should keep my 10% or 20% of my money.. I also want to invest but Im too young for that maybe after 2 years when Im ready..
1 person likes this
@iwrite (5042)
• Singapore
29 Sep 12
Actually you should start early, it would be easy when you get older. The money you earned within the first two years would be very lucrative . If you want to invest in forex without using your money let me know.
• Philippines
29 Sep 12
well how can I start? I dont have any idea maybe I need to read some books about it first..
@eiram23 (422)
• Philippines
21 Oct 12
Hi abigael, Im glad to hear about your first salary. I was so excited as well when I've got mine. But seriously, we should be able to know how to spend our money wisely. It's not bad to pamper yourself though and share it to your friends and family. If it would be enough, you caould probably buy something for yourself, treat your sister her favorite pizza and probably yopu can also set aside some as a treat for your friends but its also very important to set aside something as your savings. Budgetting is very important. You should be able to differentiate your "wants" and "needs" and you should be able to prioritize your "needs" over your "wants"... Enjoy your first salary:)
• Philippines
22 Oct 12
hmmm awesome advice i like that prioritize my needs over my wants, thanks for reminding me about that and im thinking of that right now because, my first salary was gone just like a bubble hahhaha but even though im happy about it and to the second salary *i wish* I can able to handle my money over my "wants" ;)
@iloveacn (15)
• United States
21 Oct 12
alot of times I spend it on bills. just trying to get out of debt mostly
• Philippines
22 Oct 12
ohh wow, but i think you need to take a break about your bills try to save some money and enjoy some vacation :)
@adhyz82 (36289)
• Indonesia
21 Oct 12
wow.. first salary is always unforgotenable. you should save your first earning or salary (for my humble opinion)
• Philippines
22 Oct 12
haha i like that humble opinion, i would love to start saving money but maybe its not my time to keep it on the bank, so i just spend it all.. hehehehe im only 20 yrs old and my friend said i should spend it because this way i can motivate myself more to pursue or push myself to keep working and enjoying my youth life. :)
4 Oct 12
I would suggest you spend all your money on your mother first , then if something is left spent on yourself and others . I spent my first salary buying a mobile . It feels really good from inside . BYE BYE
• Philippines
22 Oct 12
nah i spend it all hehehehe
@KrauseHome (33257)
• United States
3 Oct 12
Well, it has been like you said a while since you worked for someone and this is your first paycheck in a long time there is reason to want to celebrate some. Your best bet might be to put some aside like your mom is suggesting and put some of it in savings. Then doing something special like pizza is always a good option and then choose to take part of next check to use for shopping.
• Philippines
22 Oct 12
Its a wiser choose but unfortunately I already spend all of my money, hehehe Maybe im not that serious about getting rich or being wealth but instead I just want to enjoy this for a while... I know someday the time will come and do my serious stuffs.
@neildc (17268)
• Lapu-Lapu City, Philippines
1 Oct 12
i could not recall my experience because that was a very long time ago. all i remember is, i needed few things for my work, like clothing, a tie and a belt. all that i needed to continue with the job, to make me feel better and look great facing the clients, i got it slowly during paydays.
• Philippines
22 Oct 12
yah that was nice to buy new clothes hehehe I also do that, I brought 2 shirt and 1 shoes and the rest enjoy the money. :)
@TeamCholent (2844)
• United States
30 Sep 12
I would suggest you save towards something as a long term goal. Drinking will make you happy for a few hours, shopping a few weeks but owning a house etc would be for a lifetime.
• Philippines
22 Oct 12
yah i also want to buy a house but yes i have now strategy and other plans to become rich hehehe
@ARIES1973 (9441)
• Legaspi, Philippines
29 Sep 12
Hi Abigael! I think it would be wise to follow the suggestion of saving some part of you salary. Make it a habit to save. While other may have save what is left after spending, why not try the other way? Spend what is left after saving. Money for all we know, just slip off our hands if we don't know how to manage it well. Have a nice day and Congratulations!
• Philippines
2 Oct 12
Thank you so much, Yes I saved a little of my salary and I have to survive also in a month,,
• India
29 Sep 12
Hi friend, good to hear about this, congrats for getting your first salary. I will go with your mummy's suggestion, you can save this money for your future. It is really easy to spend our money, but it is too hard to earn it, so spent it wisely. I gave my first month salary to my mum and she saved it for my future. We used my salary for my marriage purpose
• Philippines
1 Oct 12
wow that was nice, saving money for your marriage well congrats too, but in my age im too young to take life seriously and I hope someday I can save money and spend that to my future business, so for now im enjoying this blessing :)
• China
29 Sep 12
Actually I no need to manage my money at all,because when I receive my salary then I have to pay lots of my bills,and the rest just enough for my daily need,so I do not have any surplus money at all,I am a moonlite.
• Philippines
1 Oct 12
wow, but you also need to enjoy your money so you also enjoying your life... :)
• Philippines
28 Sep 12
My first salary? Hmm.. that was 5 years ago and I can still remember the exact amount of it :). I gave half of it to my mom to help with the household expenses, 10% was for my dad and then I bought just one shirt! And then the remaining amount was for my allowance. yes, you should spend your money wisely, and you'' learn about that in the process. Goodluck and congratulations!
• Philippines
1 Oct 12
wow that was nice that you gave half of your salary... well thanks! and good luck too
@lynboobsy11 (11347)
• Philippines
28 Sep 12
It depends on where you will enjoy and be happy to spend it. May you must have some souvenir from your first job like clothes, bag or wallet so that every time you see that item you will remember the joy in spending the money from hard work.
• Philippines
29 Sep 12
yes that is what they all said and I'm glad that its really fine to spend it and I'm very happy.. thank you so much too!
@GemmaR (8527)
28 Sep 12
It is great that you've managed to get your first salary. I graduated from college in July, and I got a job right after that so I got my first payment in August. I treated myself to a couple of items of clothing that I had been wanting for a while, because I thought that I had been the one who had made the money so I could choose how I was going to spend it. And then I put the rest of it into my savings account because I knew that I wanted to buy a flat soon and I needed every single penny that I could get my hands on to be able to afford that.
• Philippines
29 Sep 12
Yeah even though I really want to quit on my job (well at first) I want to finish it, wow congratulations too on your graduation and first job! well keep up the good work for the both of us. :)
@rberon1985 (5394)
• Philippines
28 Sep 12
I'm happy for you. Congratulations!!!spend your money wisely. I have added you as my friend. there is an upcoming mylot event on October 13,2012(saturday)at Mall of Asia. This is the second conference for the mylot Filipino members. please see my discussion for the full details. let me know as soon as possible so I can reserve a seat for you. http://www.mylot.com/w/discussions/2705547.aspx
• Philippines
28 Sep 12
thank you so much! let me think of that, only weekend is my rest day and I hope Im available at that date... let see :)
@kokomo (1868)
• Philippines
28 Sep 12
You need a celebration for that my friend.But you should also spend your salary wisely.I think you should buy something as a memorabilia for your first salary just like me.When I received my first salary, I bought a pair of sandals.I felt overwhelmed every time I wore it. You treat also your siblings and friends as long as your salary can afford it.haha!
• Philippines
28 Sep 12
yes I want to buy new shoes, but if I buy shoes I will spend half of my salary.. Oh my..
@jane239 (521)
28 Sep 12
Congratulations on your first salary. I know what that feels like as I was out of work for a year once. It taught me to be careful with my money though and I tried to balance it out by spending some and saving some in case I needed it for later.
• Philippines
28 Sep 12
Thanks, Yes I wanted to balance my money but Im too excited so my brain is not working.. instead desiring to spend it waaaaa
@ardoy0731 (6866)
• Philippines
28 Sep 12
Oh thats great that you have received your first salary. You have to save some portion of it just what your mom told you. Seperate your allowance too before spending into something. And the rest, well you can use to buy anything you want.
• Philippines
28 Sep 12
Yes I will listen to my mom, and I dont have ay options but to put some of my salary to my savings account hehehe it feels like this is mandatory whether you like it or not. hahaha
12 Nov 12
I made the mistake of wasting my money for a long time,never saved and lived for the day and although I had a great time and many adventures and memories to cherish I paid the price when I became a family man because life would of been much easier for me, my girlfriend and my children if we had,had a little nest egg to fall back on. Its all well and good having fun but life can be that tough these days that you need to think ahead and think of the future if you want a easy life.