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Saving for the future with the present in mind

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Image source: ybs.co.uk When saving for the future, it’s a common idea that the present would look bleak and boring for many people. They may have to skip a few parties, a lot of out of town trips, and would have to be content with home-cooked meals for office lunches. While this may be true, one’s present can still be colorful even when saving for the years to come. Steve Sorensen embezzlement . Formulating a budget and strictly following it can give one a good financial perspective. When a person lives beyond their means, they are giving themselves a bad financial setup for the future. It’s important to create a significant gap between income and spending. Steer clear from lifestyle inflation . Getting a salary raise is great. However, if there is no need to add items to the budget, don’t. Steve Sorensen embezzlement . Image source: money.com Put the raise directly to the savings account, especially when it’s unexpected. This will ensure a wider gap between