Managing Your Paycheck

There’s no question that your paycheck is the most tangible benefit of being an employee. How much you earn and how frequently you’re paid are critical to how you manage your living expenses.

Don’t be afraid to ask for a somewhat higher salary than the initial offer, especially if you have relevant experience or specific skills, or if you’ve received a better offer from another employer.

Whatever your salary, certain decisions are always smart.

You can do yourself a big favor by signing up for direct deposit. This means your net pay goes straight into your bank account every pay period. In fact, some employers will split the amount between a checking and savings account if you ask.

With direct deposit, you don’t have to make a trip to the bank or wait for the check to clear. As a bonus, you may save money since direct deposit may make you eligible for free or reduced-charge checking.

 

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