Lifestyle inflation

Inflating your lifestyle is okay every now and then. When extreme, lifestyle inflation can hold you back from reaching your true financial goals.

There are many ways you can upgrade your lifestyle and enjoy the fruits of your labor. But make sure you avoid the endless cycle of lifestyle inflation!

💡 Lifestyle inflation (aka lifestyle creep) refers to the situation many people find themselves in where their expenses increase every time their income increases. You get a raise & you buy a new car to celebrate. Despite your increased income, your saving rate stays the same, thanks to that new car payment. Lifestyle inflation is generally considered a Bad Thing™ in the FIRE community. Despite the negative connotation, I believe that lifestyle inflation is okay in certain situations.

Reversing lifestyle inflation can help your finances out a great deal. But what if there was a way to stop lifestyle inflation even before it starts? In the medical field, it is widely known that preventing a sickness or disease is preferable to trying to treat or reverse one. Similarly, if you can stop lifestyle inflation […]

Lifestyle inflation occurs when your pay goes up and so does your spending. Just because you make a little more or get a bonus or other windfall, doesn't mean you have to spend it. Keeping up with the Joneses is hard work! So take a step back and let minimalism help you fight lifestyle inflation. #inflation #lifestyleinflation #minimalismhacks #lifehacks #minimalistlifestyle

How To Avoid Lifestyle Inflation | Tips to avoid living above your means and continue saving money when your income increases.

It's time to reverse the lifestyle inflation that's keeping you from getting out of debt and building savings. Here are 8 smart steps you can take to live below your means.

Lifestyle Inflation is the term for spending more money on lifestyle items as your paycheck gets bigger. Learn what it is and how to prevent it.

7 Ways to Avoid Lifestyle Inflation That Will Make You Save More