Comments on: Lifestyle Inflation - How It Can Sneak Up On You http://www.savingadvice.com/blog/2007/07/24/101643_lifestyle-inflation-how-it-can-sneak-up-on-you.html Bridging the gap between saving money and investing Mon, 13 Oct 2008 02:27:09 +0000 http://wordpress.org/?v=2.6.1 By: Best Posts from the 111th Carnival of Personal Finance » Getting To Enough http://www.savingadvice.com/blog/2007/07/24/101643_lifestyle-inflation-how-it-can-sneak-up-on-you.html#comment-81732 Best Posts from the 111th Carnival of Personal Finance » Getting To Enough Tue, 31 Jul 2007 21:30:05 +0000 http://www.savingadvice.com/blog/2007/07/24/101643_lifestyle-inflation-how-it-can-sneak-up-on-you.html#comment-81732 [...] Lifestyle Inflation by Amy Fontinelle at savingadvice.com.  It’s about how lifestyle inflation can easily sneak up on us.  She has a few pointers on how to avoid it. [...] [...] Lifestyle Inflation by Amy Fontinelle at savingadvice.com.  It’s about how lifestyle inflation can easily sneak up on us.  She has a few pointers on how to avoid it. [...]

]]> By: Cash Money Life - A Personal Finance Blog with a Salute to the Military » 111th Edition of the Carnival of Personal Finance http://www.savingadvice.com/blog/2007/07/24/101643_lifestyle-inflation-how-it-can-sneak-up-on-you.html#comment-81306 Cash Money Life - A Personal Finance Blog with a Salute to the Military » 111th Edition of the Carnival of Personal Finance Tue, 31 Jul 2007 04:07:49 +0000 http://www.savingadvice.com/blog/2007/07/24/101643_lifestyle-inflation-how-it-can-sneak-up-on-you.html#comment-81306 [...] Lifestyle Inflation - How it Can Sneak Up On You. Saving Advice gives us a reminder that as our income increases, often times our standard of living rises as well. [...] [...] Lifestyle Inflation - How it Can Sneak Up On You. Saving Advice gives us a reminder that as our income increases, often times our standard of living rises as well. [...]

]]> By: 111th Carnival of Personal Finance is Up at FinancialDominance.com http://www.savingadvice.com/blog/2007/07/24/101643_lifestyle-inflation-how-it-can-sneak-up-on-you.html#comment-81066 111th Carnival of Personal Finance is Up at FinancialDominance.com Mon, 30 Jul 2007 14:30:54 +0000 http://www.savingadvice.com/blog/2007/07/24/101643_lifestyle-inflation-how-it-can-sneak-up-on-you.html#comment-81066 [...] Saving Advice shows how lifestyle inflation can sneak up on you and how to avoid it. [...] [...] Saving Advice shows how lifestyle inflation can sneak up on you and how to avoid it. [...]

]]> By: plonkee money » 111th carnival of personal finance - glastonbury edition http://www.savingadvice.com/blog/2007/07/24/101643_lifestyle-inflation-how-it-can-sneak-up-on-you.html#comment-80980 plonkee money » 111th carnival of personal finance - glastonbury edition Mon, 30 Jul 2007 10:02:25 +0000 http://www.savingadvice.com/blog/2007/07/24/101643_lifestyle-inflation-how-it-can-sneak-up-on-you.html#comment-80980 [...] lifestyle inflation - how it can sneak up on you @ saving advice, good advice on both avoiding and mitigating lifestyle inflation [...] [...] lifestyle inflation - how it can sneak up on you @ saving advice, good advice on both avoiding and mitigating lifestyle inflation [...]

]]> By: David http://www.savingadvice.com/blog/2007/07/24/101643_lifestyle-inflation-how-it-can-sneak-up-on-you.html#comment-78779 David Wed, 25 Jul 2007 04:31:29 +0000 http://www.savingadvice.com/blog/2007/07/24/101643_lifestyle-inflation-how-it-can-sneak-up-on-you.html#comment-78779 great point talking about making purchases count. I found this is very important when buying clothes and electronics. If you buy something cheap and it doesn't last long you probably will pay just the same or more as buying one very high quality product. A good example is dress shoes for men. great point talking about making purchases count. I found this is very important when buying clothes and electronics. If you buy something cheap and it doesn’t last long you probably will pay just the same or more as buying one very high quality product. A good example is dress shoes for men.

]]> By: baselle http://www.savingadvice.com/blog/2007/07/24/101643_lifestyle-inflation-how-it-can-sneak-up-on-you.html#comment-78758 baselle Wed, 25 Jul 2007 03:09:22 +0000 http://www.savingadvice.com/blog/2007/07/24/101643_lifestyle-inflation-how-it-can-sneak-up-on-you.html#comment-78758 What you describe is also called the Diderot effect, after his essay _Regrets on Parting with My Old Dressing Gown_. What you describe is also called the Diderot effect, after his essay _Regrets on Parting with My Old Dressing Gown_.

]]> By: GTE http://www.savingadvice.com/blog/2007/07/24/101643_lifestyle-inflation-how-it-can-sneak-up-on-you.html#comment-78721 GTE Wed, 25 Jul 2007 00:53:23 +0000 http://www.savingadvice.com/blog/2007/07/24/101643_lifestyle-inflation-how-it-can-sneak-up-on-you.html#comment-78721 I read somewhere in the blogosphere (sorry, can't remember where at the moment) that the best piece of financial advice someone had received was to live like a student for 5 more years after graduating college. The point is that I really didn't feel deprived as a college student and my 10x12 dorm room (shared with a roommate) was good enough. Somehow, years later, I'm living in a 4BR home where my bedroom alone is twice as big as my dorm room was, and can't imagine moving to a much smaller home. It seems like it's easy to let our lifestyle creep up and almost impossible to move it back down, so the best way to be frugal is to try your best not to let your lifestyle creep up in the first place. I read somewhere in the blogosphere (sorry, can’t remember where at the moment) that the best piece of financial advice someone had received was to live like a student for 5 more years after graduating college.

The point is that I really didn’t feel deprived as a college student and my 10×12 dorm room (shared with a roommate) was good enough. Somehow, years later, I’m living in a 4BR home where my bedroom alone is twice as big as my dorm room was, and can’t imagine moving to a much smaller home.

It seems like it’s easy to let our lifestyle creep up and almost impossible to move it back down, so the best way to be frugal is to try your best not to let your lifestyle creep up in the first place.

]]> By: disneysteve http://www.savingadvice.com/blog/2007/07/24/101643_lifestyle-inflation-how-it-can-sneak-up-on-you.html#comment-78584 disneysteve Tue, 24 Jul 2007 15:54:54 +0000 http://www.savingadvice.com/blog/2007/07/24/101643_lifestyle-inflation-how-it-can-sneak-up-on-you.html#comment-78584 Very true. I like the term "lifestyle inflation". I think we all do it to some extent and that isn't necessarily a bad thing. I wouldn't want to be living the way I lived 20 years ago, with hand me down furniture, trash-picked stuff and low quality everything. At the same time, we try not to be upgrade-happy, always wanting newer better models of things. I think there needs to be a balance to where you don't feel deprived or embarrassed or ashamed to have guests come into your home. Very true. I like the term “lifestyle inflation”. I think we all do it to some extent and that isn’t necessarily a bad thing. I wouldn’t want to be living the way I lived 20 years ago, with hand me down furniture, trash-picked stuff and low quality everything. At the same time, we try not to be upgrade-happy, always wanting newer better models of things. I think there needs to be a balance to where you don’t feel deprived or embarrassed or ashamed to have guests come into your home.

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