21: Ep 021 : From First Pay check to First Portfolio : New financial Inning

What To Do With Your First Salary?
Just started earning? Your first paycheck can be exciting — and overwhelming. In this episode, we break down what really happens to your salary, how to build smart financial habits early, and why the decisions you make now can shape your financial future.

Whether you're in your first job or just beginning to manage your money, this episode is your starting point for long-term financial confidence.

Why is my in-hand salary so much less than my CTC?

• Understand the difference between CTC and take-home pay
• Breakdown of EPF, TDS, professional tax, and other deductions
• Learn how to read and interpret your payslip

How much of my salary should I save or invest each month?

• The 50/30/20 rule explained with practical examples
• Realistic alternatives based on your lifestyle and goals
• Building a habit of consistent saving and investing

Should I keep my money in a savings account or start investing?

• When to use savings accounts, FDs, or start SIPs
• How to begin investing with small amounts
• Why time matters more than the amount when it comes to investing

How do I know the difference between good spending and wasting money?

• Understanding needs vs. wants
• Using simple tools to track spending and cut unnecessary expenses
• How to spend without guilt — but with intention

What’s the best way to build a good credit score early?

• Smart use of credit cards to build credit, not debt
• Dos and don’ts for loans and repayments
• Habits that help maintain a strong credit profile

What does financial freedom really mean, and how do I work toward it in my 20s?

• It’s about choices — not just money
• Setting real goals: travel, home, business, or early retirement
• Laying the foundation now for a future you’ll thank yourself for