The "Lifestyle Creep" and How to Keep It From Draining Your Savings ...Middle East

A few years into Vivian Tu's career as a trader at JP Morgan, she took a hard look at her finances. Despite making more than she did when she was first out of college, she realized she was still saving the same amount of money. "And frankly, it wasn't a lot of money," she admits. It dawned on her that she'd succumbed to the common mistake known as "lifestyle creep." This phenomenon happens when an increase in income leads to an increase in spending, so even though we're earning more, our savings account doesn't see the benefit. "Once you start to level up in your career and make a little bit more money, suddenly you want a nicer apartment. You want a nicer car. You start going out to dinne

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The "Lifestyle Creep" and How to Keep It From Draining Your Savings ...Middle East

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