Beware Lifestyle Creep
Manage episode 405289221 series 3460251
Episode #73. I guide you through the essential aspects of lifestyle creep, and how to avoid it.
Key points:
-remind yourself often about your goals (spending without restraint won't get you there anytime soon)
-make a budget and live by it (the budget will give you permission to spend the money in the way it was planned)
-set up automatic savings methods. E.g. if you know you are getting a raise, increase your automatic savings deduction so that it goes straight to your savings vehicle and you never see it. I talk about this is episode 23 "The Savings Superpower Hack"
Stay content.
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