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Denise Webb, EA
Partner at Hagen CPA, LLC

According to a survey by the American Institute of Certified Public Accountants (AICPA), seeing purchases your friends post on social media can leave you envious – and might also foster a desire to buy a similar item. Instead of spending money on an item you may not need, consider this tip from the AICPA: Transfer the amount you planned to spend to a savings account. Posting your smart financial decision to social media is not required.

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