You just got a pay rise and decided to move to a bigger flat in the city centre or join a more exclusive gym? It means you have just fallen into what I call "lifestyle inflation". Lifestyle inflation is an increase in spending when a person's income increases. Lifestyle inflation tends to happen every time a person gets a raise and can make it difficult to eliminate debt, save for retirement, or meet other primary financial goals. Lifestyle inflation traps people in a cycle of living paycheck to paycheck and having just enough money to pay the bills.
How To Avoid Lifestyle Inflation
How To Avoid Lifestyle Inflation
How To Avoid Lifestyle Inflation
You just got a pay rise and decided to move to a bigger flat in the city centre or join a more exclusive gym? It means you have just fallen into what I call "lifestyle inflation". Lifestyle inflation is an increase in spending when a person's income increases. Lifestyle inflation tends to happen every time a person gets a raise and can make it difficult to eliminate debt, save for retirement, or meet other primary financial goals. Lifestyle inflation traps people in a cycle of living paycheck to paycheck and having just enough money to pay the bills.