How to Avoid Lifestyle Inflation
Lifestyle inflation occurs when your spending increases as your income grows. While it’s tempting to upgrade your car, home, or wardrobe, unchecked lifestyle inflation can prevent wealth building.
Why It Happens
Social pressure to “keep up” with peers.
Rewarding yourself after promotions or raise
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Ronald
Ed Best
51 days agoHow to Avoid Lifestyle Inflation
Lifestyle inflation occurs when your spending increases as your income grows. While it’s tempting to upgrade your car, home, or wardrobe, unchecked lifestyle inflation can prevent wealth building.
Why It Happens
Social pressure to “keep up” with peers.
Rewarding yourself after promotions or raise