It is well known that the earlier you start saving and investing, the brighter your future will be. In this week’s cover story we have identified smart money moves that new earners should make.

Read: 10 Things People in Finance Should Never Say

From how to budget to maximizing your employee benefits to picking the right insurance, take these baby steps towards a successful.

Experts advise that you should record each and every transaction for a couple of months to get a hang of your spending pattern.

Figuring out where and how you spend your money is the first step of formulating a budget. It is easy to determine how much you spend on rent, groceries, conveyance and utilities.