The Cost of a New Job

Starting your first job can be a daunting experience – and incur major costs.

The average starting salary for a business graduate is approximately $41,0001 after tax, which works out to about $3,400 per month. Yet the expenses for starting your first job, which may include buying new clothes, transportation to and from work, food, as well as other essentials, can reach as high as $4,700.

Below are some of the biggest expenses most people rack up during their first month of work, as well as tips to help you manage costs and stay ahead of the game:

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For more savings ideas, see how you can Have Your Latte and Drink it Too.

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