What is lifestyle inflation?

Lifestyle inflation (or lifestyle creep) is the tendency to increase expenses as earning increases. If a person gets a raise of a few thousand dollars, that person increases their expenses by a similar amount and thus never has an opportunity to save money for retirement or other financial goals.

How do you avoid falling victim to lifestyle creep? (Blog)

How do you avoid falling victim to lifestyle creep? (Video)

How do you avoid falling victim to lifestyle creep? (Podcast)

 

Ed

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