While some savvy savers can maintain their current lifestyle even as their income rises, many people fall victim to “lifestyle creep,” where discretionary spending increases as income rises.

See how we rate banking products to write unbiased product reviews. Lifestyle creep is the common pattern of spending more money as you earn more money. Lifestyle creep typically occurs after ...

Lifestyle creep – or slowly getting yourself used to luxuries and increasing your spending to the detriment of your savings capabilities – can be a dangerous phenomenon. You work hard for your ...

Both are part of lifestyle creep.” On the former, she gives the example of buying a vehicle: “How often do you consider the outsized repair costs of a luxury automobile when considering your ...

This "new normal" of spending money falls under the umbrella of something known as “lifestyle creep.” And given the current state of inflation and tariffs alike, now is not the time to let all ...