How to Budget on a Starting Salary

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Gregory Sneed and Madecraft

54:58

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01 - Introduction

01 - Make the most of a starting salary.mp4

01:37

02 - 1. Breaking down Your Income

01 - Gross pay vs. net pay.mp4

03:14

02 - Understanding monthly income.mp4

04:12

03 - 2. Breaking down Expenses

01 - Prioritize mandatory expenses.mp4

02:44

02 - Identify important payments.mp4

02:18

03 - Define optional expenses.mp4

02:17

04 - 3. Creating Your Budget

01 - Calculate your income.mp4

03:11

02 - Categorize your transactions.mp4

03:36

03 - Balance your budget.mp4

03:46

05 - 4. Using Budgeting Tools

01 - Choose a budgeting tool.mp4

03:46

02 - Keep your budget updated.mp4

04:28

03 - Consider budgeting counseling.mp4

04:26

06 - 5. Savings and Investments

01 - Cost saving ideas.mp4

03:20

02 - Save emergency funds.mp4

03:03

03 - Retirement savings plans.mp4

03:20

04 - Review investment opportunities.mp4

03:28

07 - Conclusion

01 - Starting salary and beyond.mp4

02:12

Description

Transitioning to a job with a starting salary is exciting, but creating a budget based upon it can be completely overwhelming. In this course, personal finance coach and financial literacy expert Gregory Sneed shows you how to plan a personalized budget for your starting salary so you can make the most out of your earnings. Explore the difference between gross and net pay, along with the various components of monthly income. Gregory identifies categories to help you prioritize expenses, distinguishing between mandatory and optional spending. Get tips for creating a balanced budget with categorized transactions and utilizing tools to help you manage your finances more effectively. Along the way, Gregory covers the basics of savings and investment strategies to help you make smarter decisions with your money. After completing this course, you'll be equipped with the skills and know-how required to practice healthy financial habits on a starting salary.

This course was created by Madecraft. We are pleased to host this training in our library.

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Gregory Sneed and Madecraft

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LinkedIn Learning is an American online learning provider. It provides video courses taught by industry experts in software, creative, and business skills. It is a subsidiary of LinkedIn. All the courses on LinkedIn fall into four categories: Business, Creative, Technology and Certifications. It was founded in 1995 by Lynda Weinman as Lynda.com before being acquired by LinkedIn in 2015. Microsoft acquired LinkedIn in December 2016.