The Step-by-Step Guide to Creating a Budget That Works
Meet Sarah, a mid-life professional who thought she had her financial life under control. She had a decent job, a comfortable apartment, and even a little extra cash for the occasional weekend getaway. However, behind the scenes, Sarah was anxious about her finances. She had a vague notion of her expenses, but they often exceeded her income. She had recently been promoted with an accompanying pay rise, yet that feeling of living pay check to pay check was ever present. Have you ever felt like you're on a financial treadmill, working hard but never quite sure where your money goes? That was Sarah's predicament. It's a scenario many of us can relate to. Known as lifestyle creep, it's the tendency to spend more when our income increases. This sneaky phenomenon can affect even high earners, leaving them struggling with debt, retirement savings, and other financial responsibilities.