01-01-2024, 05:42 AM
To manage lifestyle inflation, set clear financial goals, budget wisely, and prioritize needs over wants. Resist impulsive spending and evaluate purchases based on value. Increase savings and investments with salary raises, instead of elevating spending. Regularly review and adjust your budget to align with changing priorities. Cultivate contentment and focus on experiences rather than material possessions. Establish an emergency fund to avoid relying on credit for unexpected expenses.