Okay, I confess, now that I’m debt free “Lifestyle Inflation” is creeping into my life!
Summer isn’t helping! There are so many fun things to do in the summer! Lifestyle inflation is where you do the same things, but more of them or you upgrade to a better version of them. An example would be when you take your old 32 inch CRT TV (don’t laugh, I still have one) and replace it with a new 60 inch LED HD TV! Another example would be instead of just going out to eat at your favorite restaurant (Olive Garden for my wife, Wasabi Japanese Steak House for me) once a week, you would go out more often, perhaps 2 or 3 times a week.
It’s especially easy to spend money on your children. This is the current hurdle that I’ve been facing. I need to buy a new battery for our ride on car so my daughter can enjoy the car too (like my son did). The cursed battery cost over $50!!!
I guess I could stick to a strict spending budget, at least for the summer! Then once winter comes back, I can roll out of the spending budget since I naturally spend less…
What ways do you fight the urge to increase your “Lifestyle Inflation“? Or do you succumb to it, but with balance?