How to Minimize Lifestyle Inflation

[andrew]

To minimize lifestyle inflation, I increase my savings rate whenever I get a raise or promotion instead of upgrading my lifestyle. I maintain a modest living standard even as my income grows. For example, if I receive a $500 raise, I allocate $300 to savings and invest the remaining $200. I prioritize long-term financial security over immediate gratification, ensuring my lifestyle remains sustainable and my wealth continues to grow.