3. Offering in to 'lifestyle inflation.' This is the time period some fiscal consultants have coined to explain what occurs when an individual's way of living rises commensurate with his or her cash. So if you working experience a 10 p.c boost in your cash, congratulations! But resist the urge to instantly increase your expending and costs by 10 p.c. Go ahead and splurge on a thing wonderful when you like, but make an effort to save as much in the additional cash while you can, as an alternative to going into a more expensive dwelling or investing in an expensive new automobile.
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