John Pelletier advises avoiding lifestyle inflation by resisting the urge to increase spending proportionally as income grows, instead keeping spending consistent and directing additional income to savings and investments.

Authors

• Person: Not available Organization: Champlain College
  Financial Rules of Thumb: Your Money Management Cheat Sheet

Sources

• Financial Rules of Thumb: Your Money Management Cheat Sheet www.champlain.edu Champlain College via serper

Referenced by nodes (2)

• savings concept
• investments concept