KAFE This Morning

Watch out for ‘lifestyle creep!’

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Watch out for ‘lifestyle creep!’

If you come into a little money, whether it be a raise, a bonus, and inheritance or whatever…watch out for the lifestyle creep! Financial experts say we naturally raise our standard of living to match our income, when what we should be doing is raising our saving to match our income. Essentially, don’t spend more when you have more, save more when you have more.

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