Letters from Mom is an ongoing series where I share words of wisdom with my son. Read more letters from mom.
When I graduated from college, I was really fortunate to get a job immediately at a great company with an excellent starting salary.
I got paid monthly and took home $2,673.61 in my first full month of work. Curious to see the actual pay stub?
At the time, I knew enough to put some money aside into a savings account. I set up direct deposit to deposit $100 to my savings account per pay period and the rest to my checking account.
With each raise, the rest got bigger and bigger. The amount I was saving did not.
Guess what happened?