Lifestyle inflation

Eight Money Mistakes the Middle Class Keeps Making
www.thesimpledollar.com

About half of Americans lived in middle-income households in 2014, according to Pew Research. This demographic includes families with incomes two-thirds to double the U.S. median household income – or those earning between $42,000 and $125,000 (with cost-of-living adjustments for expensive metropolitan areas). America’s middle class includes teachers, firefighters, and plumbers, but also engineers, construction managers, and […]

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31 Days to Financial Independence (31/31) – Bringing It All Together
www.thesimpledollar.com

“31 Days to Financial Independence” is an ongoing series that appeared every Thursday on The Simple Dollar for the better part of a year. This is the final entry in the series. Before we get started with this final edition of the “31 Days to Financial Independence,” let’s make a giant list of all of […]

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The Pay Yourself First Principle – How to Make it Work
singlemomsincome.com

One of the best habits I’ve created when it comes to personal finance has been paying myself first. Without doing this there’s a good chance my savings would be nothing and I’d live paycheck to paycheck, even though my income has increased a lot over recent years. This is because it’s super easy to fall […]

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An Advanced Degree Can Help You Earn More Money – and Spend It All, If You’re Not Careful
www.thesimpledollar.com

For many college graduates, an advanced degree is a one-way ticket to earning more. By working beyond a bachelor’s degree, new graduates can climb the corporate ladder, move into middle or upper management, and perhaps score a higher-ranking position at a new firm. While not all jobs that require advanced degrees pay enough to justify […]

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5 Ways to Save Money After You Increase Your Income
singlemomsincome.com

If earning more money is one of your goals this year, you’re not alone. Luckily, there are tons of opportunities both online and offline that you can take advantage of to earn more. That being said, it’s important to realize that earning money is only half the equation when it comes to improving your financial […]

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Three Famous Athletes Who Can Teach Us a Thing or Two About Frugality
www.thesimpledollar.com

Professional athletes often find themselves on shaky financial footing when they retire. This happens despite the fact that many of them make more money in one year than the average worker will make in a lifetime. Lifestyle inflation is real, people. As you accumulate expensive things, you expect more and better things in the future. […]

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31 Days to Financial Independence (Day 22): Using ‘the Gap’ and Avoiding Lifestyle Inflation
www.thesimpledollar.com

“31 Days to Financial Independence” is an ongoing series that appears every Thursday on The Simple Dollar. You might want to start this series from the beginning! Last time, we finished up our series of discussions on strategies for increasing your income with a look at starting a side business and dabbling in entrepreneurship. Today, […]

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