What is Lifestyle Inflation & How to Stop It (Before You Pop)

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If I handed you an extra $500 every month for the next year, what would you do with the money? Taking the extra $500 each month and paying off some debt, says a lot about your financial mindset.

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[{"selector":"#anim-9e7dea5d-db71-4b81-a94b-c615cff4520c","keyframes":{"opacity":[0,1]},"delay":100,"duration":1700,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aff0d356-3fa9-4cc4-8d32-810dc85be7d6","keyframes":{"opacity":[0,1]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aa957fce-2a78-4e2c-bddd-0a397b2c9d33","keyframes":{"transform":["translate3d(0px, 151.76410%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3b71b7e0-07c0-4c93-a43e-45f76b92f686","keyframes":{"opacity":[0,1]},"delay":100,"duration":1700,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] On the other hand, if the first thought that popped into your head was something you could buy – like a new car or granite counters – chances are you might be teetering on the tight rope called lifestyle inflation! Learn more

The all too common phenomenon where as you earn more money, you increase your lifestyle! However, today we are going to talk about how to avoid lifestyle inflation!

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What exactly is lifestyle inflation?

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Real Life, Lifestyle Inflation

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1. Save your money first

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2. Stop comparing yourself

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3. Stop valuing stuff and money, value memories

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