How to Avoid Lifestyle Creep in 2024 (huge financial mistake!!) | FRUGAL LIVING TIPS

How to avoid lifestyle creep in 2024. Upgrading your lifestyle every time your income increases can continue the paycheck to paycheck cycle. Do this instead to enjoy your extra money without necessarily spending more.
🔥Get Your MONEY MINDSET REFLECTION JOURNAL and Develop Healthier Money Habits in Just 60 Days
→ Understand the “why” behind your spending, break bad habits, recognize your triggers, and more! Includes daily spending tracker, daily money saving tips, daily affirmations/mindset challenges, perspective checks, weekly reviews, and a different reflection question each day.
bit.ly/60daymo...
Other Links + Resources
HOW TO MAKE MONEY ONLINE AS A FREELANCE WRITER
→ Say goodbye to paycheck struggles and discover a flexible way to boost your income during your free time. My insider tips to freelance writing is a comprehensive guide (replace or supplement your income). Hone your writing skills, secure high-paying freelance writing gigs, master negotiations, and more. Dive into bonus resources like Cold Pitching 101 and Freelance Writer Best Practices. Get your guide: bit.ly/freelan...
HOW TO START INVESTING WITH LITTLE MONEY
→ Acorns makes it simple to INVEST and SAVE with little money (start investing with only $5). Setup an account for you AND/OR your kids! Use my invite link and get $5: bit.ly/3Frdf6g
EARN CASH BACK ON GROCERIES & MORE
→ Ibotta is a free app that gives you cash back on the stuff you buy. Use my referral code "renmwpo" at registration to get $5. Sign up: ibotta.com
LET’S CONNECT:
» TikTok: / eyebvee
» Blog: the-broken-wal...
» Instagram: / the_brokenwallet
Don’t forget to SUBSCRIBE, LIKE AND COMMENT: / thebrokenwallet
Thanks for your support!! 🤗 If you’d like to buy me an iced coffee ☕️ → cash.app/$vapahi
****DISCLAIMER: Some links in this description might be affiliate links. What does this mean? If you purchase a product or service using a link I provide I may receive a small commission-at no additional cost to you.
Education, ❌NOT❌ Advice

[@KLC777]

Love this! I recently got a raise and was going to put it towards something else---then I had to fight myself and say, "No, put it toward baby step #3, 3-6 - months fully funded emergency fund!"

[@louisefenech7657]

Experiences over stuff! As a very wise man once told me, "You can only wear one dress at a time!"

[@mjones1122]

Contentment is huge, be happy in the moment, things can change so fast.

[@so.many.obstacles]

I recently got a pay increase, part went to savings and the other to Roth IRA. I calculated what the increase would be and updated my direct deposit accordingly. I didn’t even let the money hit my checking account. I’ve been doing this for the past three years and my net worth had increased tremendously.

[@katharinawalker716]

Totally understand, we also do not exchange gifts, but do experiences. A budget is all important, no matter what your income is. Just aussie pensioners living our best lives, thank you for your wise words

[@bridgettetraveler658]

I've actually become very content. I feel like I'm being cheap to myself. I still give to the less fortunate & to elect certain politicians who stand for what I stand for! I just feel I don't need anything material. I've actually felt like something was wrong with me because most ppl always want. I do love experiences. I love to travel. All I can say is GOD'S given me great contentment.

[@aimeevargas4016]

Perfect timing. Thank your taking about lifestyle creep. It’s important to keep inventory of finance decisions made over the last year. I think staying off social media is imperative to keeping a managing lifestyle creep. Keeping adds and pictures out of sight, abstains me from the urge to buy trends to keep up with the Jone’s. Thank you!

[@teishabee1993]

Yeah I’m balancing lifestyle creep by being frugal in the areas that aren’t very important (car) and more on health and travel.

[@MariaNesses]

Love that you said health here, it's so often overlooked.

[@auxiliasequeira8648]

I am always tempted to buy sumthg often ....which in turn makes me feel good (skincare n makeup)

[@FIRE_DrNinjaTurtle]

Now that I have rental cash flow, I am putting 100% of my W2 (side hustle) income into retirement accounts. I am determined to live on the same income. I retired early because I keep my expenses low.

[@saraibucciarelli1821]

Inflation isn't helping. Good video.

[@helenaoki5079]

I really needed this video. Thank you for sharing. 😊

[@thebrokenwallet]

You are so welcome!

[@wandahall4435]

Great job ❤❤❤😮😮😮😊😊😊

[@rivers3242]

Good solid advice!

[@kevinmoore9524]

Great Job! Thank You.

[@thebrokenwallet]

Thanks for watching!

[@TimelordUK]

As usual, apart from great advice, you look STUNNING in this video

[@thebrokenwallet]

Thank you 😀

[@MRJLS15]

I appreciate 😌 u

[@blaisegirl420]

My depression has been good at keeping me from doing anything too expensive 😂

[@tyrahayden3156]

I pray you heal from your depression.

[@blaisegirl420]

@@tyrahayden3156 thank you

[@thebrokenwallet]

I hope it gets better 😀

[@susanclarke431]

Great advice. DO you think it is better to pay off your house first or make payments and have investments

[@thebrokenwallet]

Honestly, I think it’s a personal choice. I’ve heard of people paying off their house in 5 to 7 years, and then focusing all their effort on investing. I suggest speaking with a financial advisor who can take a deeper look at your situation to see what makes sense for you.

[@remoorepharmd]

Great video, Thank you so much

[@thebrokenwallet]

You are welcome!

[@meciesmoments6550]

This is spot on and a great reminder! 🎯💡✔️ I love the last one: experiences over stuff! 🧳✈️🎉 Thanks for sharing! 🤗

[@thebrokenwallet]

Glad you enjoyed it!