lifestyle creep
Earnings chase spending
Lifestyle creep is the gradual increase in spending that accompanies rising income.
As people earn more, expenses that once seemed luxurious become normal—the daily latte, the nicer apartment, the upgraded car—until the new salary feels as tight as the old one.
Also called lifestyle inflation.
I got a raise but lifestyle creep ate it all.
- spendingOutlaying of funds
- cost of livingPrice of basic necessities
- upgradesImproved replacement versions
- hedonicRelating to pleasure
- treadmillMotorized walking platform
salary · pay raise · raise · inflation · expenses · luxuries · splurge · comfort · indulgence · treat yourself · materialism · debt · affluence · status · keeping up · Joneses · entitlement · baseline
- money mistakesoverspending, impulse buying, gambling debt, debt spiral, no savings
- consumerismconsumerism, consumers, consumer, shopping, buying
- Budget Mistakesoverspending, missed payments, impulse buying, hidden fees
- money mindsetmoney worship, financial stress, abundance mindset, scarcity mindset, poverty mindset
lifestyle creepspending freeze
Halt to disbursements
downsizing · frugality · belt-tightening · cost cutting · austerity
lifestyle creepfrugality
Economical resource management
financial discipline · delayed gratification · self-denial · austerity · thrift
lifestyle creepdownshifting
Lowering gear or pace
minimalism · simple living · decluttering · spartan living · asceticism
lifestyle, life, style, lives, lively, livelihood, lifelong, lifelike, lifeless