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This Is the Most Common Financial Trap People Fall For

It’s so easy to accidentally do.

If you just had a major salary increase, you better think twice before upgrading your shampoo. There is a common mistake that a lot of people make when they see a major influx in money it's keeping them from reaching their money goals.

TikTok user Jenny Park (@mohaewithjennypark) shares a major money mistake you should avoid if you want to achieve financial freedom.

Harsh, but true. And we know what you're thinking. What's the point of making more money if you aren't going to upgrade your life? But the upgrades you're thinking about will probably bring you short-term gain. Examples are new and expensive clothes, a designer bag or even a car. 

What you should really be putting your money towards is long-term investments, like your savings. Think about it. If you find yourself in an emergency, your flat-screen T.V. isn't going to be much help.

"This!" @tee_eniola commented. "I considered a phone upgrade but the realization it would only be because I had the money to do so stopped me." "If you think you're not buying much yet somehow still blowing a lot of money, you've got lifestyle inflation. Guilty 😭," @user5584720947780 said.

We know it's tempting. Getting a salary increase is a huge deal so it's understandable that you want to celebrate by treating yourself. And you can! Stick to one or two items or experiences to splurge on and stop at that. Saving money doesn't mean you have to be miserable. It just means you have to be smart.