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Avoid lifestyle inflation from "summary" of Manage Your Money Like a F*cking Grown-Up by Sam Beckbessinger
Picture this: you get a promotion at work, and suddenly you're making more money than you ever have before. You start thinking about all the things you can now afford - a fancier car, a bigger apartment, more expensive dinners out. It's tempting to let your lifestyle inflate along with your salary, but that's a dangerous game to play. Lifestyle inflation is the sneaky little devil that creeps in when your income goes up, causing you to spend more simply because you can. It's what keeps you living paycheck to paycheck, despite earning more than enough to cover your expenses. When you give in to lifestyle inflation, you're essentially trapping yourself on a treadmill of ever-increasing expenses. The more you earn, the more you spend, and the harder it becomes to break the cycle. Avoiding lifestyle inflation means being intentional about how you use your money. It means not automatically increasing your spending every time your income goes up. Instead, it means taking a step back and thinking about what you really want out of life, and whether spending more money is actually going to get you there. By avoiding lifestyle inflation, you give yourself the freedom to make choices that align with your values and goals, rather than being driven by the need to keep up with the Joneses. It's about being in control of your money, rather than letting your money control you. So next time you get a raise or a windfall, don't rush out to spend it all. Take a moment to consider how you can use that extra money in a way that will truly enhance your life, rather than just inflate your lifestyle. Your future self will thank you for it.
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