SIMON BROWN: Beware of the lifestyle creep

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One day you’re well ahead in the earnings game and you may even have a two-income household. But where’s all the money gone?’

One day you’re well ahead in the earnings game and you may even have a two-income household. But where’s all the money gone?One of the biggest challenges our finances experience is lifestyle creep. We start our lives modestly with a little apartment, a cheap car and a small salary and it all fits together.

With this in mind it is well worth having a long hard look at your lifestyle and checking not only where creep has crept in, but if you really need, or even desire, the lifestyle you find yourself living. So we decided to downscale and live with what we really needed. In this case a one-bedroom flat. We ran the numbers.

 

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Excellent article. I did the same and echo your sentiments.

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