Now I am holding my first paycheck in my hands, feeling a sense of pride in myself. In an hour’s time I shall be home to give the salary to my mother and father. Taking some for my daily expenses I shall give the rest to my parents. For what they have done for me all these years, it is my turn to repay them.

## How will you spend your first salary essay?

Now I am holding my first paycheck in my hands, feeling a sense of pride in myself. In an hour’s time I shall be home to give the salary to my mother and father. Taking some for my daily expenses I shall give the rest to my parents. For what they have done for me all these years, it is my turn to repay them.

## What mortgage can I get on 40K salary?

Take a homebuyer who makes \$40,000 a year. The maximum amount for monthly mortgage-related payments at 28% of gross income is \$933. (\$40,000 times 0.28 equals \$11,200, and \$11,200 divided by 12 months equals \$933.33.)

## What should my salary be at 30?

What was the average and median income by age in 2020?

Age Average 99%
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## Is 39000 a good salary?

\$40k is a good salary for a single individual. Consider if you and a partner were living together and both making that salary, you’d be making 36% more than the U.S. average household income.

## How do I make 50k salary?

People with income over Rs 2,50,000 should ideally invest more than 20 per cent of their income in varied asset class like equity, debt fund, liquid fund, insurance plans, real estate, commodities etc, said Roongta.

## Is 20 an hour a good salary?

Originally Answered: Is 20 an hour good money? It is a decent amount to make per hour. Every two weeks, you would take home an estimated \$1,278 working 80 hours in total for those two weeks.

## How do I use my first salary?

9 Things to Do When You Get your First Salary | My Money Sage

1. The first salary and the message that it is credited to your bank account is an exceptional and satisfying feeling for anyone who has just started earning.
2. Express Gratitude.
3. Create a Budget.
4. As said by Warren Buffet, a famous billionaire investor:
5. Clear-off Your Dues/Debt.
6. Create Short and Long Term Financial Goals.

## How much is a paycheck on 35000 salary?

Since there are 12 months in a year, you can estimate the average monthly earnings from your \$35,000 salary as \$2,916.67 per month.

## Is 25K salary good?

25K is less if you’re away from your home,and have loans to pay off. Moreover whatever salary you get it will never be sufficient if you haven’t master the art of saving. If you follow the trend and run after them perhaps even a six digit salary is also never enough.

## How do you spend your salary?

“Fix a spending limit for yourself, say, 20% of your income….

1. MAKE A BUDGET & START SAVING. Budgeting is the simple exercise of reconciling your income with your expenses, and should be your first step.
2. FRAME YOUR FINANCIAL GOALS.
3. INVEST IN RIGHT INSTRUMENTS.
4. MAXIMISE TAX SAVINGS.

## How you will spend your first salary after you get a job?

Have a look at these smart ways to use your first salary:

1. Clear your dues. You may owe some money to your college canteen or even a few friends who helped you out when your funds ran out.
2. Get health insurance.
3. Start investing.
4. Go on a trip.
5. Treat yourself.