Most American workers prefer adapting to an increase in income in favor of saving. And we can’t blame them, either. Months and years of hard work are finally getting noticed with a raise? It’s only natural that you’d want to splurge or something or ‘upgrade’ your lifestyle.
You should hold off on that, though. Instead, invest in your future by putting a portion of the money towards your emergency savings account. Some financial experts even say you should save at least 33% of your raise. The sooner you do this, the easier it will be for you to adjust.
If you upgrade your lifestyle first and then downgrade back so you can start saving, you’ll find it ten times more difficult.
The entire world is in turmoil as the novel coronavirus continues to spread at a…
If you’ve decorated your home based on the “less is more” principle, than you might…
When you’re constantly budgeting, it’s easy to lose sight of the things that matter. This…
Which side are you on? Do you think the internet is full of scammers looking…
It’s kind of heartbreaking to think about ourselves as the rude, unfriendly person in a…
Purchasing appliances and electronics can put a serious dent in your budget so no wonder…