Lifestyle Creep: Avoid the common *FINANCIAL TRAP* people fall for

Hi there! Have you ever made a big purchase right after you receive a pay rise or new job with higher salary? If so then you may have fallen into the trap of lifestyle creep or lifestyle inflation. In this video, I'm sharing ways you can avoid this big and common financial trap and put your hard earned money where it will add more value to your life. Thanks for commenting, liking and subscribing! x

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🌹 ABOUT ME
A Thai living in the UK
I work as an accountant but also consider myself a full-time learner. I moved to London 5 years ago having 2 suitcases to my name to start a career in accounting, earning minimum salary. As a family, we're now proud home owners, got rid of £20k debt and managed to increase my salary by four-fold! I enjoy conversations around money, career, how to navigate life as a millennial.

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Poppy ♥
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DISCLAIMER:
I do not provide financial, tax or investment advice. The information presented in this video and my channel is for educational purposes only. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
Some of the links are affiliate links. If you use these links to buy something, at no extra cost to you, I may earn a small commission.
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Creative Commons — Attribution 3.0 Unported — CC BY 3.0
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#personalfinance #lifestylecreep #lifestyleinflation

[PoppyDontree]

Which is your favourite way to avoid spending on nonessential items as a right rather than a choice just because you get paid a bit more?

[TimewithLivi]

Great video! I’m already in lifestyle creep so now trying to figure out how to dial back since I’ve made permanent decisions with my lifestyle creep( a year lease, car payment I’m not fond of etc).