132. Lifestyle Inflation | When to Embrace it vs How to Avoid It

Lifestyle Inflation or Lifestyle creep is something that can surprise any of us. Sammie and Michelle are thinking of moving from a low cost of living small to town to a bigger city somewhere else and know that it'll be easy to inflate their lifestyle cost. Lifestyle Inflation is when you start to spend money on everything because you are making more money, the people around you are spending more or moving to a higher cost of living place.

Sammie and Michelle share their framework for working to fight Lifestyle Creep.
1. Think very hard about the BIG things
2. Start with your priorities and projects over the next few months
3. Beware of lifestyle creep traps, those "treats" like a chocolate croissant in the morning for making it from the train to your office. Those can become every day treats and small additions that add up over time.

Check out our new newsletter at buildawealthyspirit.com! Listeners can find all the references made on each episode, get a reminder about new episodes, read a summary on our thoughts on the episodes and best of all, leave comments and chat with us about your thoughts on this very episode. 

Find more show notes and interact with the Build A Wealthy Spirit community at buildawealthyspirit.com!