DON’T BE A PAY DAY MIL­LION­AIRE

Finweek English Edition - - MONEY -

Ac­cord­ing to Pa­tel, many peo­ple spend 80% of their salary in the f irst week of re­ceiv­ing it. This leads to f inan­cial pres­sure to­wards the end of the month. “Cre­ate a cul­ture where you stretch your money un­til the end of the month so you go into the new month with money from the pre­vi­ous month. Ap­ply this think­ing to ev­ery­thing you earn. If you get a pro­mo­tion, put the ex­tra money aside for sav­ings and build­ing up your wealth, rather than in­creas­ing your spend­ing,” Pa­tel ad­vises.

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