Fitz villafuerte biography of martin
•
All Articles With Category : Personal Finance
The latest and the best financial news, råd and tricks.
How to Avoid Lifestyle Inflation for Fresh Graduates
There’s something extremely satisfying about finally getting your very first paycheck from your very first job. There’s this distinct feeling of euphoria and elation that grips you and makes you want to spoil yourself. It’s easier for a fresh-out-of-the-university person to fall into the trap of lifestyle inflation. It’s also easier for the same age bracket to manage their money, especially with all of the tech and the apps to help track expenses or plan a budget according to a specific goal. Experts like Jean Folger have attributed the phenomenon of lifestyle inflation with a need to keep up with the latest trends. They also state that while it is an eventuality as your pay grade goes up, it doesn’t mean you can’t avoid the worst of it. With that in mind, here are some tips to avoid lifestyle inflation for fresh gradu
•
Updated: December 21, 2021
It was the turn of the millennium, and everyone’s afraid of the Y2K bug. But for this engineer, life couldn’t be more perfect.
He was young and earning above standard industry rates, and had a fun set of friends who are always there to go out with him to the coolest hangouts in the city.
Life was one big party for him.
Until one day, he had a little too much to drink the previous night and overslept. When he woke up, he had ten missed calls from his boss on his phone. He forgot he had a big client uppvisning that morning. So he rushed to the office but it was too late.
One week later, his boss asked him to resign from work, and find another job.
Just in case you’re wondering… yes, that was me – a story from my dark and decadent past.
And yes, I deserved to get fired. But I wouldn’t say the same to these three friends of mine.
“Tom”
Tom is a business management graduate who first worked as a junio
•