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Lifestyle creep is the pattern of spending more money as you earn more money. In other words, you slowly but surely adjust to a more luxurious new normal. And luxury is relative; for many, lifestyle creep is the difference between living paycheck-to-paycheck and realizing you can comfortably order DoorDash multiple nights a week. Unfortunately, even small luxuries can add up.
“Living below your means doesn’t mean you need to live a life of austerity. Allow yourself to indulge occasionally in things that make you happy, especially if these indulgences improve your overall relationship with your money...This might look like splurging on a family vacation, but cutting back on ordering take-out. When you feel confident that you’re spending only on things you love and not wasting money on things you don’t love, you will make much better big financial decisions.”
from Lifehacker https://ift.tt/BaOMIFp
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