From Owning the Stars …
It’s annual raise time for my job. And in the past, avoiding lifestyle creep wasn’t on my radar. But this year, I’m getting smart about my money!
They aren’t raises per se because they’re only loosely tied to performance—everyone gets one, and it’s more of a lifestyle cost adjustment. It’s between 3-5% typically. And in the past, avoiding lifestyle creep wasn’t on my radar.
This year, I got smart. The second that raise came through, I put the vast majority of the change in my paycheck straight into my 401(k).