SC Trojan
Level 2 Member
I'm a firm believer that the only true way to wealth is to spend less and not let yourself get caught up in keeping up with the Joneses. Most people, as they make more money just seem to buy nicer things, move to bigger houses, buy nicer cars and shiny gadgets they don't really need. Once you have this "lifestyle inflation" you end up not saving any more with your higher-paying job than you did when you just entered the workforce.
I really try to live by this mantra, but lately I've noticed a general "creep" in my expenses. Partially it's due to moving to a higher cost area (LA to Bay Area) but also I think it's due to me saying "eff it" instead of really trying to get good deals lately combined with more travel in the past couple years.
Any thoughts on strategies or tactics to avoid this trend and ward off my lifestyle inflation?
I really try to live by this mantra, but lately I've noticed a general "creep" in my expenses. Partially it's due to moving to a higher cost area (LA to Bay Area) but also I think it's due to me saying "eff it" instead of really trying to get good deals lately combined with more travel in the past couple years.
Any thoughts on strategies or tactics to avoid this trend and ward off my lifestyle inflation?