When it comes to managing your finances and building wealth, some people feel that any type of splurge is automatically a bad thing. In reality, though, splurging can be beneficial to your overall financial health when done in the right ways. How can you splurge in the right way? Here are five tips to follow.
1. Include It When Planning
Splurging doesn't necessarily e
- Do you, like many other Americans, carry debt? If so, you may have heard the advice (or been given it directly) to wait until you pay off that debt before saving for retirement. However, is this actually a bad idea? It may be. Here are a few reasons why you might not want to wait even if you're paying interest on your debt. 1. Time Means Compound Interest Compou
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