three. Offering in to 'lifestyle inflation.' This is the time period some money experts have coined to describe what transpires when an individual's way of life rises commensurate with his or her income. So if you knowledge a 10 % increase in your income, congratulations! But resist the urge to right away grow your investing and charges by 10 %. Go on and splurge on a specific thing nice any time you like, but strive to save as much on the further income when you can, rather than transferring right into a dearer house or paying for a costly new car.
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