10 Ways to Avoid Lifestyle Inflation

How to avoid spending too much

What is the first thing you do when you find out you’re going to get a raise at work? If your answer is to spend it on things that you have had your eye on, you probably someone who participates in lifestyle inflation. Lifestyle inflation is the process of you increasing the amount of money you spend without giving your overall finances much thought as you get raises and earn more money. It’s something that most people don’t realize is even happening as it sneaks up on you.

A good example would be getting a raise at work, and then immediately knowing how you’re going to spend that extra money because you now have a higher weekly paycheck. Lifestyle inflation can be v

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