…… your 2011 resolutions!
Whenever I read on blogs making saving more and spending less their owners’ New Year resolutions, I wonder why not choose another route?
Why not make earning more a resolution instead?
That way, one could save more without saving more, if you know what I mean. Say, you used to save 10% of a monthly salary of $8,000.
If you achieve your target of earning more, say a new monthly pay of $10K and you still save 10%, you would in effect be saving more in absolute terms.
Also, with a higher pay packet or more income, you needn’t spend less. You may even consider yourself a Scroogie if you spend no more than what you did when your pay was 20% less!