After getting their first job, most of the youth start spending more money or even if their salary increases, they increase their expenses. Today we will tell you about such mistakes, which almost every youth makes after their first job and due to this they have to regret a lot later.

Most of the youth dream of getting a good job after studying and when the youth get their first job, they are very happy because they become financially strong. After getting their first job, most of the youth start spending more money or even if their salary increases, they increase their expenses. Today we will tell you about such mistakes, which almost every youth makes after their first job and due to this they have to regret a lot later. Let's know.

Increasing expenses

Most of the youth increase their expenses after the first job and start dreaming big like buying a bike or car on EMI immediately after the first job, buying an expensive phone.

Credit card

Most of the people also take a credit card. Despite knowing that a credit card is a kind of loan and interest has to be paid on it.

Not paying attention to investment

Most of the youth spend their entire salary and empty their pockets at the end of the month and do not pay attention to investment whereas the youth should definitely invest at least 50 percent of their salary in a good scheme.

Ignoring insurance

Most of the youth spend their salary only to show off and ignore important expenses like health or life insurance whereas insurance is very important.