Lifestyle inflation was the reason I racked up $47,000 of debt. I got my first big girl job and didn’t know how to act. 🥴Moved into a condo I couldn’t afford 🥴Financed all my furniture 🥴Bought a brand new car 🥴Went on expensive vacations, multiple times a year All I cared about was if I could afford my payments. And before I knew it, things spiralled out of control. Don’t be like me. I get the feeling of getting that job with a decent income and finally feeling like you’re out of the struggle bus. You suddenly have the urge to get all the things you couldn’t afford, but most people do too much and too soon and end up blowing through their paycheque with no breathing room. If you get a big pay bump, don’t be in a hurry to upgrade your lifestyle, take it slow, test things out, create a spending plan, make sure you have enough wiggle room to save and invest, after then you can buy whatever your heart desires. Have you ever experienced lifestyle inflation? Feel free to share how you got in and out of that situation. #mastermymoney #softlife #ministerofenjoyment #blackgirlluxury #financialliteracy - @twosidesofadime