Did you just receive a promotion and a pay raise? Have you paid off your mortgage or student loan? Then you need to beware of the lifestyle creep as your discretionary income rises. You will have more money to eat out, splurge on necessities, upgrade to a better car or buy a bigger house. Here’s how to easily avoid lifestyle creep: Stay on budget, pay off debt, fund college savings for your children and max out retirement accounts. (castlebaram.com)
Leave a Comment