A raise in income shouldn’t mean a raise in lifestyle

You can only spend your money once. Yes you can always make more but once you’ve spent it you don’t get to spend it again. So when your income goes up it shouldn’t mean you just spend more.

Instead think about deferring the spending. Don’t spend it today (when your income is higher) so that you can spend in in the future (when your income is lower). Like in retirement.

This is also known as saving

But I prefer deferred spending.

The reason is that saving is just building up a pot of money. Deferred spending reminds us that there’s a plan to spend this money - just not yet.

A raise in income shouldn’t mean a raise in lifestyle