Bangalore: After a strenuous struggle for a job, you've finally got the job you always desired off. And for the first time you can afford buying an expensive designer outfit, go out for dinners regularly, and make those small changes in the car. Initially it's fun, spending everything you earn. One thing that you should remember is that first job won't make or break your career, but how you handle your first paychecks could affect your financial habits for the rest of your life. It is in the early stages of the career life that many people make commit some real big money mistakes that they are financially hampered for the rest of their life. In order to have a secured financial consider avoiding these mistakes. Too Young For Retirement Saving The moment you kick start your career life, the next thing you should think is to plan for retirement. You can make big profits by starting to save early. Don't fall into the mindset that you will be able to afford retirement savings initially. Many retirement advisors recommend saving by the "half your age" rule. One of the best ways to save for retirement is to contribute to an employer retirement plan. There is also no reason not to take advantage of the time you have to build your nest egg.