How to Minimize Lifestyle Inflation

[Debashis]

We can minimize lifestyle inflation by setting a budget, tracking expenses, and saving a percentage of our income. Prioritizing needs over wants, avoiding excessive debt, and practicing delayed gratification can also help. Focusing on long-term financial goals and investing wisely is the key. We must always remember that material possessions don't guarantee happiness, so we must try to find fulfillment in experiences and relationships instead.