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20/05/2023

Lifestyle inflation and what to do about it

Lifestyle inflation is that phenomenon of any additional income being absorbed, without you even realising. Maybe you’ve been working hard, climbing that corporate ladder. Or perhaps you’ve just received a massive tax return, or your side hustle is starting to take off.⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀Your income is healthier than ever, yet it’s not as though you’re saving, investing, […]

Lifestyle inflation is that phenomenon of any additional income being absorbed, without you even realising.

Maybe you’ve been working hard, climbing that corporate ladder. Or perhaps you’ve just received a massive tax return, or your side hustle is starting to take off.⠀⠀⠀⠀⠀⠀⠀⠀
⠀⠀⠀⠀⠀⠀⠀⠀⠀
Your income is healthier than ever, yet it’s not as though you’re saving, investing, or donating more.

Where has it gone? ⠀⠀⠀⠀⠀⠀⠀
⠀⠀⠀⠀⠀⠀⠀⠀⠀
Think gym memberships that never get used, additional streaming services that aren’t needed, more meals out (ok, takeaway).

The antidote? A budget!

We promise it’s not as boring as it sounds. In fact, what’s boring is having too much month at the end of your money and having to say ‘No’ to your social life.

Get in touch to find out how to better manage your money.

Article written by John Matthews

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