One way to help you manage this is to have your paycheck directly deposited to your savings account. The problem with having your income as cash on hand is that it’s easy to spend it making overspending very likely. Putting everything in your account helps you avoid that.

If you make it a chore for you to get your money, you’re less likely to tap into it occasionally. This should help your with the discipline of budgeting as well since you have to sort out finances before you make that special trip to the bank to get only what you need.

You can always make arrangements with your employer to do this. Just ask your accounting/finance or human resources if this is possible.

Here are three things that you should do as soon as you start earning that paycheck.

(Re)build an emergency fund. Many would make the mistake of blowing the first salary on petty things – treating friends, splurging. But the first thing that you should really do is to build an emergency fund. The recession has taught us that you should now have at least a year’s worth of living expenses saved and readily on hand. So start saving before you splurge.

Enroll in the 401k. If your employer offers contribution matching, enroll in the program right away and try to contribute the maximum that your budget allows.

Maximize health insurance. Health care can be a huge expense but if your company offers one, then opt in. You oftentimes get a better deal when you get it from your company.

Here’s CNN’s take on teaching your kid paycheck management.

Tax. The only other constant alongside death, unless of course, you live in a tax haven (Americans obviously don’t). So better give your kid that lecture differentiating gross and net. That Uncle Sam’s set to get a piece of every dollar they earn.

Banking. Now that they have their own money, teach them how to safely keep it. Money in the pocket is money that can easily be spent. Take them to the bank and have them open a savings account.

Delayed gratification. So what will your kid do with the money? Many kids will be tempted to blow their whole paycheck on the day they get it. A bit of advice on timing their spending would be most welcome.

Leeway. While the two points above this one advise trying to control how your kids spend money, give them the final say on what to do with the money. It’s their money. They need to be exposed to making financial decisions on their own.

Many employees start becoming discontent if they feel that they can’t live the lives that they want with the compensation that you give out. It’s a truth anyway that, even with a sizable salary, one needs to be financially smart to maximize the income benefits.

Many employees think that larger salaries are equivalent to greener pastures. If you’re worried about attrition then consider helping out your employees by helping them realize that they can be financially stable even with the compensation that you offer.

You can do this by holding personal finance planning workshops and seminars sponsored by your company. These should orient your staff on the basics of financial planning. Help them shore up their emergency funds and teach them how to make their money grow.

You can also orient them on the real value of the compensation package that you give out. If you provide for the benefits, match 401(k) contributions, then make sure that your employees are able to understand the real value of these.

The better they are financially, the less they will be entertaining the thought of leaving.

Here are some points to consider when considering career shifts:

Look before your jump. Ask yourself if the new career will indeed be for you. Is it your interest? Do you see yourself doing that for the next ten to twenty years? Take note of the sustainability of the career as well. If you’re still in your 20s to 30s, look for indicators if the field will still be viable for the next 2 decades.

Make sure you’re equipped. Be sure that you have the basic skills to function in the job. If you can go beyond the basic, then better. Get classes and seminars to enhance your skill set. Ask people who are currently in the field to know it a tad better.

Time it right. Don’t make a decision just because you’re jobless right now. Remember that careers are long-term commitments. If you’re one of the fortunate ones to have a job right now, then time your exit right.

Don’t burn bridges. If you’re leaving a. Remember that flourishing in the professional world relies on networks and contacts. You wouldn’t want things to bite you in the ass one of these days. Six degrees of separation isn’t that far even in a totally different field.