Lifestyle creep, and how to outpace it
4 min read • 4 Aug 2024
As income rises, spending quietly follows. The fix is to grow your savings rate at least as fast as your raises.
Every raise is a fork: spend it or save it. Committing in advance to bank a fixed share of any increase keeps lifestyle inflation from swallowing your progress.
Key takeaway
Lifestyle creep isn't spending more.It's spending more automatically.