(Bloomberg) — If you are one of the lucky grads switching fromfull-time student to full-time employee this graduation season,congratulations. You have made a significant investment inyourself, and you are seeing it pay off. You may havealready mentally spent your first paycheck, but taking amoment to plan for your financial future, as unglamorous as it maysound, is worth doing right away.

Getting on the right track soon will save you from pitfallsand bad habits that could derail your net worth down the line. Youworked hard to earn that new salary—here are five tips to make itwork for you.

1. Take advantage of your new benefits

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