Well, I decided to give myself a Lifestyle Creep checkup and report back my findings! Now a lot of you are more familiar with the phrase: Lifestyle Inflation, but I prefer the more precise phrase: “Lifestyle Creep”. The two concepts are slight different and to me the more accurate representation of my experience is Lifestyle… Continue reading Lifestyle Creep Checkup
Tag: lifestyle creep
Debt Free, Now What?
Back on February 2010, I became totally debt free, but now what? I thought that there would be a period where I would break even for a while, and then start to plow about $1,000 extra each month into investments! So now that it’s seven months later and how much extra did I save or invest? Not… Continue reading Debt Free, Now What?
The Difference Between Lifestyle Creep and Lifestyle Inflation
This is how I define the following: Lifestyle Creep is when you expand your lifestyle by purchasing things or activities that are more expensive or better in some way. Here is a list that I would use to describe events that can only be called Lifestyle Creep: You go out and buy a boat, when you didn’t previously have a boat. … Continue reading The Difference Between Lifestyle Creep and Lifestyle Inflation
Wealth Tip #1 – Controlling Lifestyle Creep After Getting a Raise or an Additional Income Stream
Controlling Lifestyle Creep “Lifestyle Creep” is when we finally get a big raise or pickup side income from other sources, we start to spend more. We should be able to save this additional money, but instead the money is spent on increasing our lifestyle (via buying a new fancy car, bigger and more expensive vacations, adding new costly daily habits like lattes and… Continue reading Wealth Tip #1 – Controlling Lifestyle Creep After Getting a Raise or an Additional Income Stream