Lifestyle creep is when your standard of living rises alongside your discretionary income—and soon enough, former luxuries become new necessities. It happens slowly, without you really realizing it.

Learn about lifestyle creep, how it affects your finances, and strategies you can use to avoid it. We also provide practical tips of general saving.

Making more money tends to lead to spending more money. It's a phenomenon known as "lifestyle creep." Paco de Leon, author of Finance for the People, shares advice on keeping your long-term ...