Raises. A raise is different from one-time income because you’ll get it consistently and it’s therefore much more important to do the right thing financially. There’s one key thing to remember when you get a raise: it’s okay to increase your standard of living a little – but bank the rest. For example, if you get a £2,000 raise, take £500 and spend it! But save or invest the remaining £1,500. It’s too easy to think a single raise lets you move up to a totally different financial level in a single step. If you get a raise, be realistic: you earned it, and you should enjoy the results of your
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