Lifestyle Creep
Spend more money than necessary on non-essential upgrades? You're not alone.
Lifestyle creep is often related to status, and its prevalence may indeed be bolstered by a perceived sense of lack. On today's show financial educator Kara Perez offers her best tips for combatting unintentional lifestyle creep in the day-to-day.
Here’s a preview:
[3:00] When Latte Factors and Treat Yo’self! intersect: At what point do treats become lifestyle inflation?
[9:00] The Number One question to ask if you suspect you’re defining your self-worth by others’ standards
[16:00] Applying “You can’t be what you can’t see” to money decisions
[20:00] 2 ways to bring your confidence back to awesome when you feel ‘less than’ (without buying something new)
[26:00] Don’t call it a budget, call it a spending plan: The super smart way to track spending without that complicated spreadsheet
Resources mentioned:
Kara on YouTube