How to Change Your Spending Habits
3. Celebrating a Raise or Bonus
Good news merits celebration! Certainly, you’ve earned a treat—but there’s a big difference between a bouquet of flowers and
squandering your entire windfall. Overdoing it risks souring your celebration with next-day regrets.
How to Combat Temptation: Making the right decision when you’re high on life is all about reframing your mindset. “Our decisions often have more to do with our identity (‘I’m the kind of person who…’) than our goals,” Galef explains. “But you can use this to your advantage.
In other words, you’re the kind of person who is skilled enough to get a raise or promotion? Great—then you must also be the kind of person who is savvy enough not to spend it all right away!” Of course, you needn’t sock away every single penny: When you get a windfall like a bonus, a good rule of thumb is to mix work and play by putting 90% toward your financial priorities…and 10% toward something fun.