Delayed Gratification: A Strategy to Curb Over-Spending and Secure A Sound Financial Future
Prairie Eco-Thrifter
JUNE 24, 2012
In economics-speak, this kind of person has a “ flat discount function ,” meaning he values tomorrow almost as much as today and is therefore able to delay gratification. When you have a goal like this, it is easier to stay on track with saving. Make better buying decisions – do you really need a new car or would a second-hand one do?
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