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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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!

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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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