Money Pit: Lifestyle Creep | DIY Money Video
In this episode of DIY Money, Quint and Allie dig into a critical topic for anyone on the path to financial independence: lifestyle creep, the subtle rise in spending that often follows a raise or financial windfall. As mortgage delinquencies have recently hit their highest level since the Great Recession, they remind us why living below your means is more important than ever.
Here's what we cover:
📈 What lifestyle creep is and how it quietly sabotages your savings
🛑 Real-life examples of overspending even after increasing income
📊 Why tracking expenses and setting clear financial goals is non-negotiable
🧾 How to treat your personal finances like a business
🎯 The power of using extra income to build investment accounts, pay off debt, or reach long-term goals
Whether you're just starting out or making six figures, this episode is your reminder to stay grounded and keep your money working for you—not the other way around.
📬 Have a question? Send it in to [email protected] for a chance at a $25 Amazon gift card!
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Related Terms:
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Timestamps:
00:00 Introduction and Greetings
00:41 Housekeeping and Announcements
01:58 Listener Engagement and Community
03:35 Current Economic Concerns
06:06 Understanding Lifestyle Creep
08:11 Practical Tips to Avoid Lifestyle Creep
11:46 The Importance of Financial Goals
15:42 Conclusion and Final Thoughts
Disclosures:
*This show is for entertainment and educational purposes only, and is not intended as personal financial advice. Before making any financial decisions, please do your homework and consult a financial advisor as needed.
