Lifestyle inflation is a common consequence of career advancement. You spend more money just because you have more to spend. You may decide that your apartment is too small, and you need a house in the suburbs. You realize that you can come up with a down payment for a much fancier car. Your vacation plans get more ambitious and expensive. If you want to become a millionaire, resist the urge to give in to lifestyle inflation. Instead of spending more—just because you can—save and invest more. You'll reach your financial goals a lot faster.
