Money Hacks

Lifestyle inflation can rob you of riches. When you get a raise, don’t adjust your standard of living to match. Try to live as you have been living.

It’s been said that if you can live like a college student until you’re 40, you can retire to enjoy the rest of your life. That may be a stretch, but the point is apt. Too many of us adjust our expectations as our salaries increase.

Instead of using your raises to buy more Stuff, use an automatic payment system to direct wage increases into your emergency savings or retirement accounts.