Imagine getting a raise. You reward yourself with a vacation, upgrade your apartment, buy a new car. Except the spending doesn't stop. This common phenomenon of spending increases with wage is called lifestyle creep. With lifestyle creep, discretionary spending becomes inflated because wants are perceived as a right to have versus a choice— a necessity versus a want. Our financial friend, Eduek tackles how she overcame her lifestyle creep twice in this blog post. Read More
