SlideShare a Scribd company logo

Avoiding Lifestyle Creep

•
•
Tim McAlpine
Tim McAlpine

It’s a Money Thing is a collection of effective and affordable financial education content designed to engage and teach young adults while setting your credit union apart. These presentations and other elements are all customizable with your credit union's logo. Check out Currency Marketing at currencymarketing.ca/money-thing for more information.

Economy & Finance
1 of 16
Download to read offline
“Your logo could be here instead!” CREDIT UNION YOUR BROUGHT TO YOU BY Avoiding LIFESTYLE CREEP
Lifestyle creep is the tendency to increase your spending as your income increases
The spending increase can happen so gradually that you don’t even notice it
Things you once considered to be luxuries start getting treated as needs...
...and all of your “extra” income seems to suddenly disappear
What Does Lifestyle Creep LOOK LIKE?
Lifestyle creep can reveal itself in many different ways within your budget
You tend to buy only brand-name items— never generic You tend to upgrade or replace items sooner than necessary You’re subscribed to more services than you have time for LIFESTYLE CREEP WARNING SIGNS
The Dangers of LIFESTYLE CREEP
More money spent on insignificant lifestyle upgrades means less money going toward your savings goals and financial priorities SAVINGS SABOTAGE Lifestyle creep makes it more difficult to adjust to future decreases in pay from unemployment or retirement LACK OF RESOURCES DANGERS OF LIFESTYLE CREEP
How to Stop LIFESTYLE CREEP
1. Raise Your Savings 2. Choose Value Over Luxury 3. Resist the Pressure Stop lifestyle creep with three simple rules:
Raise Your Savings When your income increases, fund your savings goals before considering lifestyle improvements 1
Choose Value Over Luxury Resist costly, meaningless upgrades by appreciating the value of what you already have 2
SPEND! Resist the Pressure Stay true to your own priorities and resist spending pressure from family, friends, neighbors and media 3BUY THAT! DO THIS!
Sources: BusinessInsider.com, Forbes, Investopedia “Your logo could be here instead!” CREDIT UNION YOUR BROUGHT TO YOU BY

Recommended

Bunty Jsa
Bunty JsaBunty Jsa
Bunty Jsapradeeptest
 
Bunty Jsa
Bunty JsaBunty Jsa
Bunty Jsapradeeptest
 
Bunty Jsa
Bunty JsaBunty Jsa
Bunty Jsapradeeptest
 
Bunty New Jsa
Bunty New JsaBunty New Jsa
Bunty New Jsapradeeptest
 
Bunty Jsa
Bunty JsaBunty Jsa
Bunty Jsaguest9707aad5
 
Top 5 Tips To Green Over Your Makeup Bag
Top 5 Tips To Green Over Your Makeup BagTop 5 Tips To Green Over Your Makeup Bag
Top 5 Tips To Green Over Your Makeup BagAnouk Govil
 
Saving for Retirement
Saving for RetirementSaving for Retirement
Saving for RetirementJessica Thomson
 
Growing Money - It's a Money Thing Junior
Growing Money - It's a Money Thing JuniorGrowing Money - It's a Money Thing Junior
Growing Money - It's a Money Thing JuniorTim McAlpine
 

Recommended

Bunty Jsa
Bunty JsaBunty Jsa
Bunty Jsapradeeptest
 
Bunty Jsa
Bunty JsaBunty Jsa
Bunty Jsapradeeptest
 
Bunty Jsa
Bunty JsaBunty Jsa
Bunty Jsapradeeptest
 
Bunty New Jsa
Bunty New JsaBunty New Jsa
Bunty New Jsapradeeptest
 
Bunty Jsa
Bunty JsaBunty Jsa
Bunty Jsaguest9707aad5
 
Top 5 Tips To Green Over Your Makeup Bag
Top 5 Tips To Green Over Your Makeup BagTop 5 Tips To Green Over Your Makeup Bag
Top 5 Tips To Green Over Your Makeup BagAnouk Govil
 
Saving for Retirement
Saving for RetirementSaving for Retirement
Saving for RetirementJessica Thomson
 
Growing Money - It's a Money Thing Junior
Growing Money - It's a Money Thing JuniorGrowing Money - It's a Money Thing Junior
Growing Money - It's a Money Thing JuniorTim McAlpine
 
Giving Money - It's a Money Thing Junior
Giving Money - It's a Money Thing JuniorGiving Money - It's a Money Thing Junior
Giving Money - It's a Money Thing JuniorTim McAlpine
 
Saving Money - It's a Money Thing Junior
Saving Money - It's a Money Thing JuniorSaving Money - It's a Money Thing Junior
Saving Money - It's a Money Thing JuniorTim McAlpine
 
Spending Money - It's a Money Thing Junior
Spending Money - It's a Money Thing JuniorSpending Money - It's a Money Thing Junior
Spending Money - It's a Money Thing JuniorTim McAlpine
 
Borrowing Money - It's a Money Thing Junior
Borrowing Money - It's a Money Thing JuniorBorrowing Money - It's a Money Thing Junior
Borrowing Money - It's a Money Thing JuniorTim McAlpine
 
Making Money - It's a Money Thing Junior
Making Money - It's a Money Thing JuniorMaking Money - It's a Money Thing Junior
Making Money - It's a Money Thing JuniorTim McAlpine
 
Breakdown of a Credit Score - It's a Money Thing (Spanish)
Breakdown of a Credit Score - It's a Money Thing (Spanish)Breakdown of a Credit Score - It's a Money Thing (Spanish)
Breakdown of a Credit Score - It's a Money Thing (Spanish)Tim McAlpine
 
Working from Home - It's a Money Thing
Working from Home - It's a Money ThingWorking from Home - It's a Money Thing
Working from Home - It's a Money ThingTim McAlpine
 
Navigating Income Loss - It's a Money Thing
Navigating Income Loss - It's a Money ThingNavigating Income Loss - It's a Money Thing
Navigating Income Loss - It's a Money ThingTim McAlpine
 
Responding to Financial Emergencies - It's a Money Thing
Responding to Financial Emergencies - It's a Money ThingResponding to Financial Emergencies - It's a Money Thing
Responding to Financial Emergencies - It's a Money ThingTim McAlpine
 
Paying for Pets
Paying for PetsPaying for Pets
Paying for PetsTim McAlpine
 
Credit Union Myths - It's a Money Thing
Credit Union Myths - It's a Money ThingCredit Union Myths - It's a Money Thing
Credit Union Myths - It's a Money ThingTim McAlpine
 
Writing a Business Plan - It's a Money Thing
Writing a Business Plan - It's a Money ThingWriting a Business Plan - It's a Money Thing
Writing a Business Plan - It's a Money ThingTim McAlpine
 
Building a Budget - It's a Money Thing
Building a Budget - It's a Money ThingBuilding a Budget - It's a Money Thing
Building a Budget - It's a Money ThingTim McAlpine
 
Owning vs. Renting a Home - It's a Money Thing
Owning vs. Renting a Home - It's a Money Thing Owning vs. Renting a Home - It's a Money Thing
Owning vs. Renting a Home - It's a Money Thing Tim McAlpine
 
How to Save on Tuition
How to Save on TuitionHow to Save on Tuition
How to Save on TuitionTim McAlpine
 
Strategies for Debt Repayment
Strategies for Debt RepaymentStrategies for Debt Repayment
Strategies for Debt RepaymentTim McAlpine
 
Pay Yourself First - It's a Money Thing
Pay Yourself First - It's a Money ThingPay Yourself First - It's a Money Thing
Pay Yourself First - It's a Money ThingTim McAlpine
 
Growing Your Money Locally - It's a Money Thing
Growing Your Money Locally - It's a Money ThingGrowing Your Money Locally - It's a Money Thing
Growing Your Money Locally - It's a Money ThingTim McAlpine
 
After Grad: Work or College? - It's a Money Thing
After Grad: Work or College? - It's a Money ThingAfter Grad: Work or College? - It's a Money Thing
After Grad: Work or College? - It's a Money ThingTim McAlpine
 
Let's Talk Taxes - It's a Money Thing
Let's Talk Taxes - It's a Money ThingLet's Talk Taxes - It's a Money Thing
Let's Talk Taxes - It's a Money ThingTim McAlpine
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptxFinTech Belgium
 
Q3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesQ3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesMarketing847413
 

More Related Content

More from Tim McAlpine

Giving Money - It's a Money Thing Junior
Giving Money - It's a Money Thing JuniorGiving Money - It's a Money Thing Junior
Giving Money - It's a Money Thing JuniorTim McAlpine
 
Saving Money - It's a Money Thing Junior
Saving Money - It's a Money Thing JuniorSaving Money - It's a Money Thing Junior
Saving Money - It's a Money Thing JuniorTim McAlpine
 
Spending Money - It's a Money Thing Junior
Spending Money - It's a Money Thing JuniorSpending Money - It's a Money Thing Junior
Spending Money - It's a Money Thing JuniorTim McAlpine
 
Borrowing Money - It's a Money Thing Junior
Borrowing Money - It's a Money Thing JuniorBorrowing Money - It's a Money Thing Junior
Borrowing Money - It's a Money Thing JuniorTim McAlpine
 
Making Money - It's a Money Thing Junior
Making Money - It's a Money Thing JuniorMaking Money - It's a Money Thing Junior
Making Money - It's a Money Thing JuniorTim McAlpine
 
Breakdown of a Credit Score - It's a Money Thing (Spanish)
Breakdown of a Credit Score - It's a Money Thing (Spanish)Breakdown of a Credit Score - It's a Money Thing (Spanish)
Breakdown of a Credit Score - It's a Money Thing (Spanish)Tim McAlpine
 
Working from Home - It's a Money Thing
Working from Home - It's a Money ThingWorking from Home - It's a Money Thing
Working from Home - It's a Money ThingTim McAlpine
 
Navigating Income Loss - It's a Money Thing
Navigating Income Loss - It's a Money ThingNavigating Income Loss - It's a Money Thing
Navigating Income Loss - It's a Money ThingTim McAlpine
 
Responding to Financial Emergencies - It's a Money Thing
Responding to Financial Emergencies - It's a Money ThingResponding to Financial Emergencies - It's a Money Thing
Responding to Financial Emergencies - It's a Money ThingTim McAlpine
 
Credit Union Myths - It's a Money Thing
Credit Union Myths - It's a Money ThingCredit Union Myths - It's a Money Thing
Credit Union Myths - It's a Money ThingTim McAlpine
 
Writing a Business Plan - It's a Money Thing
Writing a Business Plan - It's a Money ThingWriting a Business Plan - It's a Money Thing
Writing a Business Plan - It's a Money ThingTim McAlpine
 
Building a Budget - It's a Money Thing
Building a Budget - It's a Money ThingBuilding a Budget - It's a Money Thing
Building a Budget - It's a Money ThingTim McAlpine
 
Owning vs. Renting a Home - It's a Money Thing
Owning vs. Renting a Home - It's a Money Thing Owning vs. Renting a Home - It's a Money Thing
Owning vs. Renting a Home - It's a Money Thing Tim McAlpine
 
How to Save on Tuition
How to Save on TuitionHow to Save on Tuition
How to Save on TuitionTim McAlpine
 
Strategies for Debt Repayment
Strategies for Debt RepaymentStrategies for Debt Repayment
Strategies for Debt RepaymentTim McAlpine
 
Pay Yourself First - It's a Money Thing
Pay Yourself First - It's a Money ThingPay Yourself First - It's a Money Thing
Pay Yourself First - It's a Money ThingTim McAlpine
 
Growing Your Money Locally - It's a Money Thing
Growing Your Money Locally - It's a Money ThingGrowing Your Money Locally - It's a Money Thing
Growing Your Money Locally - It's a Money ThingTim McAlpine
 
After Grad: Work or College? - It's a Money Thing
After Grad: Work or College? - It's a Money ThingAfter Grad: Work or College? - It's a Money Thing
After Grad: Work or College? - It's a Money ThingTim McAlpine
 
Let's Talk Taxes - It's a Money Thing
Let's Talk Taxes - It's a Money ThingLet's Talk Taxes - It's a Money Thing
Let's Talk Taxes - It's a Money ThingTim McAlpine
 

More from Tim McAlpine (20)

Giving Money - It's a Money Thing Junior
Giving Money - It's a Money Thing JuniorGiving Money - It's a Money Thing Junior
Giving Money - It's a Money Thing Junior
 
Saving Money - It's a Money Thing Junior
Saving Money - It's a Money Thing JuniorSaving Money - It's a Money Thing Junior
Saving Money - It's a Money Thing Junior
 
Spending Money - It's a Money Thing Junior
Spending Money - It's a Money Thing JuniorSpending Money - It's a Money Thing Junior
Spending Money - It's a Money Thing Junior
 
Borrowing Money - It's a Money Thing Junior
Borrowing Money - It's a Money Thing JuniorBorrowing Money - It's a Money Thing Junior
Borrowing Money - It's a Money Thing Junior
 
Making Money - It's a Money Thing Junior
Making Money - It's a Money Thing JuniorMaking Money - It's a Money Thing Junior
Making Money - It's a Money Thing Junior
 
Breakdown of a Credit Score - It's a Money Thing (Spanish)
Breakdown of a Credit Score - It's a Money Thing (Spanish)Breakdown of a Credit Score - It's a Money Thing (Spanish)
Breakdown of a Credit Score - It's a Money Thing (Spanish)
 
Working from Home - It's a Money Thing
Working from Home - It's a Money ThingWorking from Home - It's a Money Thing
Working from Home - It's a Money Thing
 
Navigating Income Loss - It's a Money Thing
Navigating Income Loss - It's a Money ThingNavigating Income Loss - It's a Money Thing
Navigating Income Loss - It's a Money Thing
 
Responding to Financial Emergencies - It's a Money Thing
Responding to Financial Emergencies - It's a Money ThingResponding to Financial Emergencies - It's a Money Thing
Responding to Financial Emergencies - It's a Money Thing
 
Paying for Pets
Paying for PetsPaying for Pets
Paying for Pets
 
Credit Union Myths - It's a Money Thing
Credit Union Myths - It's a Money ThingCredit Union Myths - It's a Money Thing
Credit Union Myths - It's a Money Thing
 
Writing a Business Plan - It's a Money Thing
Writing a Business Plan - It's a Money ThingWriting a Business Plan - It's a Money Thing
Writing a Business Plan - It's a Money Thing
 
Building a Budget - It's a Money Thing
Building a Budget - It's a Money ThingBuilding a Budget - It's a Money Thing
Building a Budget - It's a Money Thing
 
Owning vs. Renting a Home - It's a Money Thing
Owning vs. Renting a Home - It's a Money Thing Owning vs. Renting a Home - It's a Money Thing
Owning vs. Renting a Home - It's a Money Thing
 
How to Save on Tuition
How to Save on TuitionHow to Save on Tuition
How to Save on Tuition
 
Strategies for Debt Repayment
Strategies for Debt RepaymentStrategies for Debt Repayment
Strategies for Debt Repayment
 
Pay Yourself First - It's a Money Thing
Pay Yourself First - It's a Money ThingPay Yourself First - It's a Money Thing
Pay Yourself First - It's a Money Thing
 
Growing Your Money Locally - It's a Money Thing
Growing Your Money Locally - It's a Money ThingGrowing Your Money Locally - It's a Money Thing
Growing Your Money Locally - It's a Money Thing
 
After Grad: Work or College? - It's a Money Thing
After Grad: Work or College? - It's a Money ThingAfter Grad: Work or College? - It's a Money Thing
After Grad: Work or College? - It's a Money Thing
 
Let's Talk Taxes - It's a Money Thing
Let's Talk Taxes - It's a Money ThingLet's Talk Taxes - It's a Money Thing
Let's Talk Taxes - It's a Money Thing
 

Recently uploaded

03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptxFinTech Belgium
 
Q3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesQ3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesMarketing847413
 
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...ssifa0344
 
Dividend Policy and Dividend Decision Theories.pptx
Dividend Policy and Dividend Decision Theories.pptxDividend Policy and Dividend Decision Theories.pptx
Dividend Policy and Dividend Decision Theories.pptxanshikagoel52
 
20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdfAdnet Communications
 
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...Call Girls in Nagpur High Profile
 
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdfFinTech Belgium
 
The Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdfThe Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdfGale Pooley
 
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779Delhi Call girls
 
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...shivangimorya083
 
How Automation is Driving Efficiency Through the Last Mile of Reporting
How Automation is Driving Efficiency Through the Last Mile of ReportingHow Automation is Driving Efficiency Through the Last Mile of Reporting
How Automation is Driving Efficiency Through the Last Mile of ReportingAggregage
 
The Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdfThe Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdfGale Pooley
 
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...ssifa0344
 
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikHigh Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikCall Girls in Nagpur High Profile
 
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With RoomVIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Roomdivyansh0kumar0
 
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With RoomVIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Roomdivyansh0kumar0
 
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptxFinTech Belgium
 
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free Delivery
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free DeliveryMalad Call Girl in Services 9892124323 | ₹,4500 With Room Free Delivery
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free DeliveryPooja Nehwal
 
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyInterimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyTyöeläkeyhtiö Elo
 

Recently uploaded (20)

03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx
 
Q3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesQ3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast Slides
 
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
 
Dividend Policy and Dividend Decision Theories.pptx
Dividend Policy and Dividend Decision Theories.pptxDividend Policy and Dividend Decision Theories.pptx
Dividend Policy and Dividend Decision Theories.pptx
 
20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf
 
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
 
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
 
The Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdfThe Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdf
 
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
 
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
 
How Automation is Driving Efficiency Through the Last Mile of Reporting
How Automation is Driving Efficiency Through the Last Mile of ReportingHow Automation is Driving Efficiency Through the Last Mile of Reporting
How Automation is Driving Efficiency Through the Last Mile of Reporting
 
The Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdfThe Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdf
 
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
 
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikHigh Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
 
Commercial Bank Economic Capsule - April 2024
Commercial Bank Economic Capsule - April 2024Commercial Bank Economic Capsule - April 2024
Commercial Bank Economic Capsule - April 2024
 
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With RoomVIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
 
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With RoomVIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
 
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
 
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free Delivery
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free DeliveryMalad Call Girl in Services 9892124323 | ₹,4500 With Room Free Delivery
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free Delivery
 
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyInterimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
 

Avoiding Lifestyle Creep

  • 1. “Your logo could be here instead!” CREDIT UNION YOUR BROUGHT TO YOU BY Avoiding LIFESTYLE CREEP
  • 2. Lifestyle creep is the tendency to increase your spending as your income increases
  • 3. The spending increase can happen so gradually that you don’t even notice it
  • 4. Things you once considered to be luxuries start getting treated as needs...
  • 5. ...and all of your “extra” income seems to suddenly disappear
  • 6. What Does Lifestyle Creep LOOK LIKE?
  • 7. Lifestyle creep can reveal itself in many different ways within your budget
  • 8. You tend to buy only brand-name items— never generic You tend to upgrade or replace items sooner than necessary You’re subscribed to more services than you have time for LIFESTYLE CREEP WARNING SIGNS
  • 10. More money spent on insignificant lifestyle upgrades means less money going toward your savings goals and financial priorities SAVINGS SABOTAGE Lifestyle creep makes it more difficult to adjust to future decreases in pay from unemployment or retirement LACK OF RESOURCES DANGERS OF LIFESTYLE CREEP
  • 12. 1. Raise Your Savings 2. Choose Value Over Luxury 3. Resist the Pressure Stop lifestyle creep with three simple rules:
  • 13. Raise Your Savings When your income increases, fund your savings goals before considering lifestyle improvements 1
  • 14. Choose Value Over Luxury Resist costly, meaningless upgrades by appreciating the value of what you already have 2
  • 15. SPEND! Resist the Pressure Stay true to your own priorities and resist spending pressure from family, friends, neighbors and media 3BUY THAT! DO THIS!
  • 16. Sources: BusinessInsider.com, Forbes, Investopedia “Your logo could be here instead!” CREDIT UNION YOUR BROUGHT TO YOU BY