What is lifestyle creep and how could it ruin your retirement savings?

What is lifestyle creep and how could it ruin your retirement savings?

Ali is 30 years old and has a great job that pays $75,000 per year. By all measures, Ali is crushing it and lives a fun lifestyle. Ali takes expensive vacations, eats at the best restaurants, and drives a brand new car. 

It hasn’t always been like this for Ali, though. Ali struggled just after college, working an entry-level job that paid half the going rate. Over time, Ali made more and more money… and the bills kept racking up.

Ali is experiencing lifestyle creep and needs to get a hold of the situation before it’s too late.

More Retirement Headlines

What are the 11 worst states for retirement in the U.S.?

9 best retirement plans in August 2021