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Do you agree with this? I read this while reading some web publications. They said that even if your salary increases, you should not improve your lifestyle. I agree with this, especially since we don't know what will happen tomorrow. We have jobs today, but we will not have them tomorrow or the next day, especially if you work online. Being an online freelancer is unpredictable.
Do you agree with this? I read this while reading some web publications. They said that even if your salary increases, you should not improve your lifestyle. I agree with this, especially since we don't know what will happen tomorrow. We have jobs today, but we will not have them tomorrow or the next day, especially if you work online. Being an online freelancer is unpredictable.
A salary increase might come with greater job responsibilities which might translate to less time to do some activities like washing of clothes. That automatically necessitates a lifestyle change.
The truth is that your finance increase comes with increase responsibility there is no way a man will starve the way he used to before he had money, or ignore his needs or those of his family.
Yeah, I agree. Sometimes, when you get a salary increase, you also end up with more duties that take up your time. So, the best thing to do is to maintain cost of living and try to save as little money as you can.
That is right, that is what I am experiencing now that I own a business. It is a small business but it gives me a good profit. Despite this, I never changed my attitude, especially my lifestyle. Money is hard to find and earn so I have to continue saving and living within my means.
That is so true, because we can't depend on salary, we don't know what will happen on the future so its better to not to be extravagant even if our salary is increased. Only think about changing life style if you have your own stable busyness.
Mostly people says and understand it but as soon as they get increase in their salaries they started increasing their expenses. Then they again started crying as they are not able to save money.
The truth is that your finance increase comes with increase responsibility there is no way a man will starve the way he used to before he had money, or ignore his needs or those of his family.
True, with increased financial resources comes the responsibility to not only take care of oneself but also to provide for the needs of one's family and loved ones.
The truth is that your finance increase comes with increase responsibility there is no way a man will starve the way he used to before he had money, or ignore his needs or those of his family.
Ignoring the needs of the family is not the point here. Of course, you should not do that. It is updating your lifestyle, for instance, buying a premium phone, going to coffee shops nearly every day, eating out often, etc.
A salary increase might come with greater job responsibilities which might translate to less time to do some activities like washing of clothes. That automatically necessitates a lifestyle change.
Yeah, I agree. Sometimes, when you get a salary increase, you also end up with more duties that take up your time. So, the best thing to do is to maintain cost of living and try to save as little money as you can.
That is so true, because we can't depend on salary, we don't know what will happen on the future so its better to not to be extravagant even if our salary is increased. Only think about changing life style if you have your own stable busyness.
True, with increased financial resources comes the responsibility to not only take care of oneself but also to provide for the needs of one's family and loved ones.
Of course, you must provide for your family, but it does not mean you have to live lavishly when your salary increases. The point here is, not upgrading your lifestyle, because you do not know what can happen today or tomorrow. It is better to save your money for a rainy day.
You are right. But i have noticed that increased income comes with new responsibilities. It is not easy to avoid going gaga when your pockets is heavy.
You're absolutely right, SilverLance. Even though your salary has increased, it's still essential to live within your means if you want to achieve financial success quickly. It's crucial to be mindful of your spending habits and avoid overspending, even if you can technically afford it. By living within your means, you'll be able to save money, pay off debts, and invest in your future. So, be wise with your money, and don't let a higher salary tempt you into unnecessary spending.
It's easy to fall into the trap of lifestyle inflation when your salary increases, but we should resist the urge to spend more. By living within our means and being mindful of our spending, we can set ourselves up for long-term financial success.
Though you have a point but the truth of the matter is that the more money comes your way, the more the things you would need to do increases. Especially when trying to buy things that would make life a lot easier for you. The only advice I would give is to not give in to unnecessary spending and have a savings and investment plan.
True that as we earn more, our expenses also increase. However, it's important to budget our spending, and to have a savings and investment plan in place.
I think that is like trying to reverse the water flowing to the downhill side. Expenses shoot automatically with the increase in salaries whether you like it or not.
Rushing to expand your lifestyle because your salary increased is a sign of financial immaturity. You can maintain your financial lifestyle and build more before you expand your lifestyle.
It's best to maintain the lifestyle to avoid harming the budget and savings. There is a time for a lavished spending after seeing the stable growth of the business.
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