By setting financial goals, you eliminate the risk of upgrading your lifestyle in a way that stops you from saving or investing your excess money. Affording something on paper does not necessarily mean that you should make it a part of your lifestyle.
Some tips: set short, medium and long-term financial goals; do a budget; pay up all your bills on time; start an emergency fund; and don’t dramatically upgrade your lifestyle and add to your debt when your salary increases.
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