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Abstract

Throughout our lives, we are all consumers and spenders. Yet, in contrast, we are earners and producers only from early adulthood up to about age 65. While parental support is provided us in childhood, we are expected to provide for ourselves there after. During this time we determine our earning and spending pattern ourselves , whether we choose to: 1. Earn now, spend now or 2. Spend now, earn later or 3. Earn now, spend later.

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