38 Ways To Avoid Lifestyle Creep

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Lifestyle creep occurs when your standard of living starts to outpace your actual income.

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While it’s tempting to start spending any extra money you earn as soon as you, well, earn it, lifestyle creep can expose you and your family to a certain amount of financial risk.

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To prevent you from falling prey to lifestyle creep, also known as lifestyle inflation, we consulted Certified Financial Planners, financial advisers, and other personal finance experts.

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Set a budget

Aim to max out annual retirement account contributions

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Audit bank and credit card statements

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Establish a true emergency savings account

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Swipe up for more interesting finds!

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38 Ways To Avoid Lifestyle Creep

Lifestyle creep occurs when your standard of living starts to outpace your actual income.

While it’s tempting to start spending any extra money you earn as soon as you, well, earn it, lifestyle creep can expose you and your family to a certain amount of financial risk.

To prevent you from falling prey to lifestyle creep, also known as lifestyle inflation, we consulted Certified Financial Planners, financial advisers, and other personal finance experts.

Set a budget

Set a budget

Try the 50/30/20 rule

Try the 50/30/20 rule

Aim to max out annual retirement account contributions

Audit bank and credit card statements

Audit bank and credit card statements

Establish a true emergency savings account

Swipe up for more interesting finds!

More To Read