6 Tips for Combatting Lifestyle Inflation

  It’s a war out there on your money and lifestyle inflation is public enemy number one. Lifestyle inflation is just a fancy term for the phenomena of spending more money as your income rises. Or as Biggie would say (yes, I’m a closet rap fan who loves me some Notorious BIG and Tupac), “I don’t know what they want from me. It’s like the more money we come across, the more problems we see.” Preach brother! We often feel like more money will solve all of our problems, and certainly a rise in income should provide you with a more comfortable quality of life. But if you’re raising your lifestyle above your needs and it’s causing you to live paycheck to paycheck or impact your ability to save for the future, then you’re in over your head with lifestyle inflation. So, how…