How to Budget on a Starting Salary

Transitioning to a job with a starting salary is an exciting time, yet creating a budget based on this salary can be daunting. How do you make the most of your earnings? In this course, personal finance coach and financial literacy expert Gregory Sneed will guide you through planning a personalized budget for your starting salary. First, Gregory will explain the difference between gross and net pay, along with the various components of monthly income. Next, he will identify categories to help you prioritize expenses, distinguishing between mandatory and optional spending. Then, Gregory will outline tips for creating a balanced budget with categorized transactions and introduce tools to help you manage your finances effectively. Finally, he will discuss savings and investment strategies to guide you towards making smart money decisions. After completing this course, you’ll be equipped to practice healthy financial habits on a starting salary.