Think about the last time you got a raise or a bonus. It was exciting, right? It was so exciting that I bet you felt the need to go out and celebrate.

After years of sacrificing and living off ramen noodles, getting a raise or a bonus can feel like you’ve won the lottery. So it’s only normal to want to upgrade your wardrobe, buy a new car, or eat out more.

While it’s entirely OK to reward yourself, it’s also important not to squander your new gains on short-sighted purchases…(continue reading at Business Insider)