What should I do with my first paycheck?

Enroll in your 401(k) (at least to the employer match), set up direct deposit, start an emergency fund ($1,000 initial goal), get health insurance, and create a basic budget. Automate savings before you get used to spending your full paycheck.

How much should I save from my first job?

Aim to save 20% of take-home pay: 10-15% for retirement (401k + Roth IRA) and 5-10% for emergency fund and short-term goals. If that's not possible immediately, start with what you can and increase by 1% every few months.

Should I contribute to my 401(k) right away?

Absolutely — at minimum contribute enough to get your full employer match (typically 3-6% of salary). This is a guaranteed 50-100% return on your money. Starting in your 20s means 40+ years of compound growth.

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First Job Financial Setup

Set up your financial foundation right from your first paycheck.

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About This Checklist

This free first job financial checklist covers everything you need when starting your career: 401(k) enrollment, emergency fund setup, health insurance selection, tax withholding, and budget creation. Track your progress locally — no signup required and no data is collected.

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