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WHY LIFESTYLE CREEP HAPPENS: "Lifestyle creep" or "lifestyle inflation" is when a person starts spending more money once they start earning more money. In this video, we'll cover seven ways lifestyle inflation shows up, plus four tips from a financial therapist to help you avoid this common money mistake. ❓ TAKE A FREE QUIZ TO LEARN MORE ABOUT YOUR MONEY TYPE https://www.mindmoneybalance.com/quiz 📝 SUBMIT A QUESTION Fill out this quick form to submit a question for me that I might answer on an upcoming "Ask Mind Money Balance" episode! https://www.mindmoneybalance.com/ask 👋🏽 Say Hi!! 👋🏽 Website: http://mindmoneybalance.com/ Instagram: / mindmoneybalance TikTok: / mindmoneybalance Pinterest: / mindmoneybalance Twitter: / mindmnybalance YouTube: / mindmoneybalance 🗣️ LEGAL DISCLAIMER The information and content provided by Lindsay Bryan-Podvin LMSW, LLC/Mind Money Balance is for entertainment and informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs. No one should make any investment changes without first consulting his or her financial advisor and conducting his or her research and due diligence. To the maximum extent permitted by law, Lindsay Bryan-Podvin LMSW, LLC/Mind Money Balance disclaims any and all liability in the event any information, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses. 🆘 Psychotherapy Disclaimer 🆘 The entertainment provided in these videos is not a substitute for psychotherapy and does not count as a social work service/therapeutic relationship. If you are in need of help, seek services from a licensed healthcare professional: https://www.therapyden.com https://suicidepreventionlifeline.org/ 🗣️ Affiliate Disclaimer: Note this description may contain affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. While this channel may earn some money (thanks for the extra popcorn toppings!) when the viewer uses the links, the viewer is in no way obligated to use these links. Thank you for your support! Chapters 0:00 What is Lifestyle Creep 0:23 Intro 1:11 Hedonic Treadmill & 7 Ways It Shows Up 2:58 Housing 4:50 Clothing 7:53 Grooming 8:54 Timesavers 9:45 Travel 12:53 Transportation 14:14 Generosity 15:48 4 Ways to Cope 16:01 Plan Ahead 18:29 Let Treats Be Treats 20:17 Regularly Review Spending 21:02 Be Aware of Emotional Spending