Easing Out of Lifestyle Inflation
I’ve had both a job and one or more small businesses at the same time for more than 5 years now. That’s resulted in two things: I went from below poverty-level income to making what’s good money in comparison, and I’ve gotten used to having money coming in each month — as opposed to not knowing where my next dollar would come from.
But that’s also made it very tempting to succumb to too much lifestyle inflation.
Believe me, when you’re coming up from super low income, there’s nothing wrong with a little bit of lifestyle inflation. But there are limits, and I’ve noticed myself passing them a little too often lately.
So I’m going to be easing out of lifestyle inflation. While I won’t be cutting back on the things that I really love doing (travel, eating out) I will be looking at other expenses and purchases with a new eye.
After all, why buy things that I’m not getting full use out of, or that I don’t really need?
What about you? Have you noticed lifestyle inflation creeping up on you?