First Paycheck? Great, Now Let's Put That Money to Work

To those who've recently entered the workforce and received their first paycheck, congratulations! You've taken an important step toward financial security, and you'll get there faster if you make a few key moves while avoiding some common errors.

You don't want to end up living paycheck to paycheck, as some 60% of Americans were recently doing, per the LendingClub's "New Reality Check: The Paycheck-to-Paycheck Report." Note that fully 45% of high-income folks were recently living paycheck to paycheck, too! And women can be extra susceptible to living paycheck to paycheck, as they tend to earn less than men. (Still, women have a lot going for them financially, as well.)

Image source: Getty Images.

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Source Fool.com