Save in order to cover any unforeseen circumstances, car, own place, an overseas trip or to pay off your study loan. You may find yourself in a situation where you may lose your ability to pay your rental for a month or so. Consider how you'd cope financially if you became permanently disabled. You should think about planning for your retirement. The earlier you start the better and the more aggressively you can invest your money.Start a savings plan
and make sure you have enough risk cover (insurance) to protect your future income.
Understand the details of your company’s pension scheme if there is one.
Income
Tax on income protection policies. Any income
paid by these policies will be exempt from tax; this means that any income you
receive from a claim will be paid to you tax-free. Any contributions you are making towards your
retirement annuities qualify as a deduction from your taxable income.