Don't Let a Raise Evaporate
Personal Finance · Intermediate
Back to Explore Habits
Every income increase tends to turn into a more expensive lifestyle. Decide where it goes before it hits your account.
Micro-habits to get started
Small actions of a few minutes to start this habit:
Send half to the future
Whenever your income rises, increase your automatic savings by at least half of the raise.
What never reaches your checking account is never missed.
5 minWait one month before any big upgrade
Before committing to higher rent, a new car, or a pricier plan, live one month on the new salary first.
Fixed expenses are easy to raise and painful to lower.
1 minReview your fixed expenses
Compare your fixed monthly costs today with what they were a year ago.
If they grew faster than your income, lifestyle creep is winning.
10 min