Starting a career

Welcome to your career

Your first job in an industry you love is the start of a lot great things, including learning how to manage your finances and help your money grow.

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2

3

How to negotiate salary

Get to know 401(k)s

Automate your finances

Consider valuable non-monetary compensation like additional time off. 

Look through your benefits information and see if your company offers a 401(k); it’s designed to help you save for retirement. 

Schedule automatic transfers to savings or retirement accounts. Even if you start small, building the habit pays off over time.

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6

Save for the unexpected

Create a good credit routine

Create a financial plan for your success

A separate emergency fund could help you protect your savings. It should hold enough for 3 to 6 months of essential expenses, like food and rent.

Paying bills on time and in full are two keys to a high credit score. Also important: Apply only for credit you need and avoid maxing out your cards. 

Celebrate raises and create a rewarding plan for them. For example: Use your pay bump to save for a down payment on a home.

 

This article is for informational purposes only and is not a substitute for individualized professional advice. Articles on this site were commissioned and approved by Marcus by Goldman Sachs® but may not reflect the institutional opinions of Goldman Sachs Group, Inc., Goldman Sachs Bank USA or any of their affiliates, subsidiaries or divisions.

1

How to negotiate salary

Consider valuable non-monetary compensation like additional time off. 

2

Get to know 401(k)s

Look through your benefits information and see if your company offers a 401(k); it’s designed to help you save for retirement. 

3

Automate your finances

Schedule automatic transfers to savings or retirement accounts. Even if you start small, building the habit pays off over time.

4

Save for the unexpected

A separate emergency fund could help you protect your savings. It should hold enough for 3 to 6 months of essential expenses, like food and rent.

5

Create a good credit routine

Paying bills on time and in full are two keys to a high credit score. Also important: Apply only for credit you need and avoid maxing out your cards. 

6

Create a financial plan for your success

Celebrate raises and create a rewarding plan for them. For example: Use your pay bump to save for a down payment on a home.

of Americans opened their first savings account once they started working

The Financial Literacy 2020 Survey was conducted by Marcus by Goldman Sachs® in March 2020 among 2,516 Americans. Savings accounts defined as savings accounts, certificates of deposit (CDs) and money market accounts.

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