Bank your pay raises
If you get a pay raise at work, use it to boost your emergency savings account. Ideally, any extra money you bring in should be used to pay off debts or should be saved up for emergency purposes. It does not, however, mean that you should live like a monk. Whenever you reach a milestone — either personally or professionally — celebrate it by all means. But, do not splurge, at least until you get that first three months’ income saved up.
