I must first state that, I belong more to the earn more camp rather than the save more camp in this aspect. But this does not mean that I'm not saving, but I do have weak spots too. So do I belong to both camps?
By earning more, it makes it easier for you to afford things that you originally want to. I'll put into a simple example based on a fix percentage.
Assuming I'm taking home $1,000 every month and I'd allocate 50% to expenses and 30% for savings and 20% for dream funds. I'll be looking at an expenses of $500 a month, $300 each month for savings and $200 savings each month that I'll save up for extravagant things.
How about $2,000? Everything doubles! So does your savings!
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