Avoid Lifestyle Inflation
When your income rises, bank the difference instead of upgrading your lifestyle.
By Retire Early Guide Team1 min read
The tip
Each time you get a raise, direct most of the increase to savings before you adjust your spending. Holding your lifestyle steady while income grows raises your savings rate without any feeling of sacrifice.
Frequently asked questions
Is it bad to ever increase spending?
Not at all — the goal is intentional spending, not deprivation. The point is to choose upgrades deliberately rather than letting spending rise automatically with income.