Date and Time
–
07/12/2023
Length
1 hour
Description
Members only group chats let members and instructors come together to support and learn from each other. No topic is off-limits if it’s related to making, managing, or growing your money.
What is Lifestyle Creep?
Welcome to our member chat where we delve into the intriguing and often unnoticed phenomenon called “lifestyle creep.” Join us as we shed light on this sneaky intruder that silently infiltrates our lives and alters our financial well-being.
Lifestyle creep refers to the gradual and unconscious increase in one’s spending and expenses as their income rises. It’s a phenomenon that affects people from all walks of life, regardless of their socioeconomic status. Many of us have experienced the alluring temptation to upgrade our lifestyles as our earnings grow, only to find ourselves trapped in a cycle of unsustainable spending.
In this chat, we’ll explore the causes and consequences of lifestyle creep. We’ll uncover the psychological and societal factors that drive us to continually desire more and better things. Together, we’ll dissect the effects of lifestyle creep on our financial stability, long-term goals, and overall well-being. We’ll share practical strategies and tips to prevent, manage, and overcome this persistent phenomenon. From budgeting techniques to mindfulness practices, we’ll arm you with the tools necessary to regain control over your finances and build a sustainable lifestyle that aligns with your values and aspirations.
As always, we also will leave time for you to share what’s on your mind this week, and some financial news of the last week.
Join the discussion