Navigating Lifestyle Inflation: Choices in Vehicle Purchases

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Episode 3155:

Lisa Harrison shares her personal journey from a youthful splurge on a flashy car to a values-driven commitment to living within her means. Through candid storytelling and practical advice, she highlights how avoiding lifestyle inflation, especially with car purchases, became a foundational strategy in her family's path to financial freedom.

Read along with the original article(s) here: https://madmoneymonster.com/2021/03/22/5-ways-we-avoided-lifestyle-inflation-to-reach-financial-freedom/

Quotes to ponder:

"After payments, insurance, maintenance, and gas, I was left with less than half of my take-home pay for everything else."

"What mattered most was how much money you saved."

"Despite our 2012 luxury SUV, my husband and I have driven reasonable cars for the entirety of our marriage."

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