Part 4/10:
It’s Not Necessarily Your Salary
Financial discomfort isn’t solely a result of low income but rather a matter of managing expectations. Even high earners can find themselves living paycheck to paycheck due to lifestyle inflation driven by increased income. This behavior stems from a belief that a salary increase should be matched with higher expenditures, leaving little room for savings.
Living below your means can be particularly challenging but is crucial regardless of your salary. Aim to create a budget that accounts for essential expenses, savings, and unexpected costs without succumbing to lifestyle inflation.