Hope for your financial life and beyond

5 Life Changing Moments That Lead to Lifestyle Inflation

sonogram of baby in womb

Get ready to spend more now

In simplest terms the concept of “lifestyle inflation” refers to a person’s spending going up as their income goes up. Some lifestyle inflation may be unavoidable but it’s a good thing to keep it in check as much as possible. Otherwise you end up living paycheck to paycheck and having little or no money let over to pay down debt, save for retirement and use for other investments.

When a person is at that point, with no money left to create a cushion, life gets really stressful.

We can be drawn to increase our lifestyle at any point in life. As I see it though, there are five instances when we are most susceptible to increasing our spending. Here’s how it often works.

After college graduation at the first real job

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A Singular Focus of Paying Off Debt Leads to Peace

sunset in Hawaii

Today I'm guest posting and commenting at the personal finance blog The Frugal Farmer. Click the link below to read about what distracts people from paying off debt. Earlier this summer, my family and I took a weekend excursion to the Bahamas … [Continue reading]

Rethinking the Definition of Success

definition of success

Hidden Nuggets Series #48 - "Therefore this joy of mine is fulfilled.” - John 3:29 What is the definition of success? Such a loaded question and a difficult thing to determine. I would say most measure whether a person has been a success … [Continue reading]

The Tools of Motivation – Getting What You Need to Succeed

Nike+ GPS Sportswatch

What do you need to succeed? For my money, nothing beats a good tool. Those who have ever worked on a construction site or have completed a DIY home project know this to be true. The more specific the tool is to the need the better it is able to … [Continue reading]

The Lemonade Stand Book Review Plus An iPad Mini Giveaway

The lemonade stand book review

Today I have the pleasure of assisting my friend Shannon Ryan from TheHeavyPurse.com as she kicks off the release of her new book The Lemonade Stand. In addition, you can sign up below for the chance to receive a free iPad Mini. How cool is … [Continue reading]

I’ve Scrapped My DISQUS Commenting System To Run A Blog Experiment

figurine at computer with blank comment cloud

Hidden Nuggets Series #47 - “The heart of the prudent acquires knowledge…” - Proverbs 18:15 I find it frustrating when people make blanket statements about a topic without proof to back up their claim. They present their argument as the gospel … [Continue reading]

Your Best Investment Ever Won’t Be In The Stock Market

Invest in yourself quote

Historical analysis suggests an investor in the U.S. stock market can reasonably count on an average annual return of 8-10%. I’d certainly like that return on my money. To get that, I'll have to weather down periods in the market. It’s worth it … [Continue reading]

Happy Anniversary! Luke1428 Enters the Terrible Twos

Two year old crying

It’s a happy anniversary announcement today at Luke1428. As of July 3rd, I have now completed two years of writing on this blog. In parenting terms, it’s now time to enter the most challenging of all toddler development stages - the “Terrible … [Continue reading]

The Final Destination Is Worth the Pain of Starting Over

Piece of paper reading No Pain No Gain

Today I'm guest posting and commenting at the personal finance blog Budget and the Beach. Click the link below to read the rest of this post. Tonya, the owner of this blog and I share an affinity for physical fitness. Her go-to activities are … [Continue reading]

Debunking a Few Home-Buying Misconceptions

couple looking at a home to buy

The following is a guest post by Tali Wee of Zillow.com. Navigating the home buying process as a first-time buyer can be confusing, risky or even defeating. Buying a home is one of the most expensive purchases buyers make in their lifetimes, so … [Continue reading]

Guess Which Age Group Is Starting To Save?

Young woman with broken down car

You may have seen this article last week in the Wall Street Journal that detailed the current status of Americans and their emergency savings. I probably don’t have to describe to you the article’s tone. Your intuition tells you it was filled with … [Continue reading]