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How women in their first job can take control of their money matters

Make sure, your take-home pay is enough to meet at least your non-negotiable expenses

February 25, 2022 / 12:11 PM IST

Radhika Dave, 23, completed her graduation in the architecture stream and lives in Mumbai. She started her professional career with a private firm in mid-April 2021. Unfortunately, she didn’t bargain well enough.

Dave says that her salary included a large component of variable pay (the part that gets paid only if some conditions are met, like if the company makes profits and so on) that significantly reduced her monthly take-home pay. That wasn’t enough to take care of her monthly expenses. “I was surprised,” she says.

That is the first of many financial mistakes that most of us make at the start of our careers. For women especially, such financial mistakes turn out to be costlier.

Look at your salary, learn to bargain