Article - B-I-G salary S-M-A-L-L bank balance - MoneyControl

Earning a six to seven digit salary has become a fairly common thing these days. In fact, today, what youngsters earn in one or two years is perhaps more than what their parents earned in decades. But if you talk about their bank balance, at the end of the month, it's zilch!

Yes, people are spending lavishly. No harm in that. But it makes sense only if you don’t go overboard. We need to ask ourselves a very important question: are we wasting money?

Some expenses are a must, but wasting money, which eventually becomes a habit, is bad. In fact, there’s a thin line separating ‘spending’ and ‘splurging’. You admire Bill Gates, Warren Buffett, Narayana Murthy, Azim Premji, and so on and so forth. But do you follow their spending habits?

Here are some examples of unscrupulous spending acts.

High-end gizmos

Brand-conscious?

Fancy restaurants

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