Nicole Lappin

Great. So my producer said that over the last seven years, you went from making $125,000 to $145,000. So overall a $20,000 jump. Yes. But you haven't seen that $20,000 jump in your savings, right? Not at all. So let's get to the bottom of that. I think this is where a lot of people fall into the lifestyle creep trap. They think, oh, my gosh, 20K more.

Great. So my producer said that over the last seven years, you went from making $125,000 to $145,000. So overall a $20,000 jump. Yes. But you haven't seen that $20,000 jump in your savings, right? Not at all. So let's get to the bottom of that. I think this is where a lot of people fall into the lifestyle creep trap. They think, oh, my gosh, 20K more.

I can upgrade my apartment or splurge on that new car payment. Then there's also the inflation of it all. Does that resonate with you?

I can upgrade my apartment or splurge on that new car payment. Then there's also the inflation of it all. Does that resonate with you?

I can upgrade my apartment or splurge on that new car payment. Then there's also the inflation of it all. Does that resonate with you?

So why do you think lifestyle creep is happening to you? And tell me how it's played out and how it's manifested.

So why do you think lifestyle creep is happening to you? And tell me how it's played out and how it's manifested.

So why do you think lifestyle creep is happening to you? And tell me how it's played out and how it's manifested.

Yeah, it's both. It's price inflation and also lifestyle inflation. So double the inflation. Do you have a budget?

Yeah, it's both. It's price inflation and also lifestyle inflation. So double the inflation. Do you have a budget?

Yeah, it's both. It's price inflation and also lifestyle inflation. So double the inflation. Do you have a budget?

Why do you think that is?

Why do you think that is?

Why do you think that is?

That makes sense. So this might be an important piece of the puzzle. I think if we break down, I like to think of it as a spending plan. So it might be a little bit different than the company budget that you make. You mentioned over email that after taxes and benefits or take-home pay is around $3,600 a month.

That makes sense. So this might be an important piece of the puzzle. I think if we break down, I like to think of it as a spending plan. So it might be a little bit different than the company budget that you make. You mentioned over email that after taxes and benefits or take-home pay is around $3,600 a month.

That makes sense. So this might be an important piece of the puzzle. I think if we break down, I like to think of it as a spending plan. So it might be a little bit different than the company budget that you make. You mentioned over email that after taxes and benefits or take-home pay is around $3,600 a month.

Okay. So a lot of people divide their budgets according to the 50-30-20 rule. Have you heard of that?

Okay. So a lot of people divide their budgets according to the 50-30-20 rule. Have you heard of that?

Okay. So a lot of people divide their budgets according to the 50-30-20 rule. Have you heard of that?