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Delayed Gratification: A Strategy to Curb Over-Spending and Secure A Sound Financial Future

Prairie Eco-Thrifter

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. We’ve said it before but we’ll say it again – create your own budget so you always know how much money you have for spending on ‘wants’.

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