d3sign via Getty Images Are you experiencing "lifestyle creep"? Although you might attribute that reality to terms like “funflation” and “money dysmorphia,” don’t overlook another insidious trend: lifestyle creep. Lifestyle creep might be a natural and expected phenomenon, but it’s not without its downsides. AdvertisementWhat is lifestyle creep? “Lifestyle creep refers to the fact that we often spend more money as our income rises,” said Kimberly Palmer, a personal finance expert at NerdWallet.

Source: Huffington Post August 07, 2024 03:34 UTC