Fresh Graduates Advised Not to Squander First Pay Cheque on Hedonistic Pursuits

Fresh graduates are reminded not to spend their first salary on fulfilling a lifestyle or self-reward. The first income should begin to be managed by dividing the money for daily needs, savings, emergency funds, and long-term financial goals. Head of Retail Banking Brand and Marketing at Bank Jago, Michael Hartawan, said the first salary is often considered a symbol of financial freedom. In fact, according to him, what is more important is building the habit of managing money from the start of one’s career. “The first salary is often considered a symbol of financial freedom. Whereas what is more important is how a person starts building the habit of managing money from the beginning of their career. The ability to allocate money according to its purpose will help create a sense of security and help someone be better prepared to face various needs in the future,” Michael said in a written statement on Thursday (25/6/2026). According to Bank Jago, many fresh graduates face challenges after entering the workforce. The starting salary often feels barely sufficient because it must be used to pay for accommodation, transportation, food, and daily needs, especially for those who migrate to big cities. On the other hand, having one’s own income often gives rise to the desire for self-reward, such as buying coveted items, regularly purchasing coffee, or enjoying entertainment. However, if not managed properly, these habits can cause spending to become uncontrolled.