3. Supplying in to 'lifestyle inflation.' This is the term some personal specialists have coined to describe what occurs when an individual's way of life rises commensurate along with his or her salary. So if you know-how a ten % rise in your salary, congratulations! But resist the urge to right away increase your expending and bills by ten %. Go ahead and splurge on a little something nice when you like, but strive to help save as much from the excess salary while you can, as a substitute for transferring right into a more expensive family home or getting a pricey new automobile.
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