Topic: Spending

Sometimes we feel that money is simply passing through our hands, at a faster pace than we can keep track of! At such times, budgeting is a time-tested way of telling us where our money is going.

Lifestyle creep is when our expenses start increasing faster than what our income can keep up with. As the term suggests, it creeps up on us, until the effects hit us one day — we are living paycheck to paycheck and/or having to borrow to survive financially.

Smart spending is about mindful spending — identifying techniques to make our money go further. Just as it is important to decide what to spend money on, it is equally important to spend wisely.