since this is your first...I would go ahead and have your period. Why didn't you just go for one of the brands that let you skip? Such as Seasonalle? If you talk to your doctor and get their approval, you will probably be able to use your pill continuously for 3 months or so. Have a period, then go for another 3 months.
For some people, it takes a few cycles just to have your periods regulated and your system get used to the pill. I wouldn't take the chance of messing up your hormones with skipping periods on your first month. Have the pill work normally on your system and then you can try skipping or switch to another that will let you not have as many periods as suggested.