Saturday, Feb 24, 2007
Never had it so good, or owed so much to so few
Firstrung: Pay rises and bonuses spent before received
No matter how generously large or painfully small people's pay rises or bonuses may be, nearly eight in ten (79%) of us will have already 'mentally' spent the extra cash before it even hits our bank accounts.
Posted by converted lurker @ 12:49 PM (161 views) Add Comment
1 Comment
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1. paolo88888 said...
Money is like electrons - it doesn't have a particular identity. Suppose you get a £1000 bonus and set off for a couple of weeks in Benidorm the next day. Have you blown it on a holiday? Not if you always go to Benidorm on that date and in anticipation of the bonus, bought more shares than you would otherwise a few weeks before. Whether the bonus went on holiday or shares is a difficult judgement about how your brain worked, which neither you nor anyone else can know. So all these percentages in the article cannot be relied on.