A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related MoneyPedia terms
- Lifestyle CreepThe slow, often unnoticed rise in everyday spending that gradually pushes up your cost of living over the years.
- Savings RateThe share of your income you set aside rather than spend, usually shown as a percentage of your take-home pay.
- Discretionary SpendingMoney spent on nonessential things you want but could go without, like dining out, hobbies, or entertainment.
- Conscious SpendingDeliberately directing money toward what you value most while cutting back guilt-free on things that matter less to you.
- Pay Yourself FirstThe habit of setting aside money for savings or investing as soon as you get paid, before spending on anything else.
- Spending PlanA forward-looking plan for where each dollar of income will go before you spend it, covering bills, saving, and everyday costs.
More in Budgeting & Cash Flow
Plain-English education — not personalized legal, tax, or investment advice.