4. Limit Your Lifestyle Costs

The very first thing to know about money is that it never stays in one place for long. So, if you are recently employed or just got a raise, you have excess of money at your disposal. This is where you might lose track of your financial goal and spend on lavish things. Be money wise and spend sensibly. Control such purchase impulses and also credit card usage. Being a bit frugal will not land you in the Scrooge club. Besides, your friends and colleagues might be splurging but they’ll never pay your bills. So, keep your expenses well within your income limit.