'Lifestyle creep' - when earning more money leads to more spending - can make it tricky to save even when your salary increases. Here's how to fix it:
February 20, 2023 7:00 am
But lifestyle creep can also mean having financial access to things that we previously might have had to deny ourselves, like finally booking that haircut you’ve been putting off, repairing the washing machine, and joining a gym rather than avoiding exercise or running around the local park. These things quickly become essentials rather than luxurious indulgences. And with theCharlotte, 30, a lingerie designer, used to count every penny and budget for daily spending.
Chelsea sees her approach not as one of extravagance but “focusing my money on the preventative instead of putting out fires”. “I genuinely think all of my spending has improved my life,” she says. “It was very exhausting to stretch my money before. Now I tend to buy more quality produce. I get takeout when I’m too tired to cook.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lavish lifestyle of drug baroness 'unravelled' after police caught her speedingA university graduate with a penchant for luxury secretly funded her lavish lifestyle of designer handbags, foreign holidays and second homes by selling heroin, cannabis and crack cocaine
Read more »
Woman's luxury lifestyle funded by drugs empire 'unravelled before her eyes'The university graduate enjoyed designer handbags, foreign holidays and even bought a second house
Read more »
Woman lived life of luxury – but drugs empire fell after costly mistakeA DRUG kingpin funded her lavish lifestyle of designer clobber and holidays by flooding the streets with heroin and crack. Danielle Stafford splurged on luxury goods including nine watches and thre…
Read more »
Budget-friendly ways to boost intimacy in your relationship when money's tightOver a third of people said they’re having more at-home dates, with two thirds of us visiting pubs and restaurants less frequently in a bid to save cash 💰
Read more »