Are you earning more than you were five years ago but still don't feel better off? You might be experiencing 'lifestyle creep'. The subtle way spending expands to quietly swallow every pay rise, bonus, and promotion. From Ocado upgrades and subscription sprawl to beauty routines that keep growing, lifestyle creep is surprisingly easy to fall into and remarkably hard to spot.
Join our host, Philippa Lamb, and our expert panel as they discuss how to identify, resist, and even reverse lifestyle creep:
- Content Creator, Clare Seal;
- Co-Founder and CEO of Emma, Edoardo Moreni; and
- Head of Customer Success Team at PensionBee, Alex Langley.
Episode breakdown
01:38 What is lifestyle creep?
05:23 Trigger points and the psychology of spending more
09:41 Supermarket upgrades and the subscription trap
13:17 Being intentional and auditing your spending
16:05 The real pension cost of lifestyle creep
19:20 How to cut back without making life miserable
21:31 Building resilience and talking about money
26:12 Budgeting frameworks and tools that work
Further reading, listening and watching
To learn more about lifestyle creep and how to manage your money, check out these articles, podcasts and videos from PensionBee:
Other useful resources
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Follow Clare Seal (@clare.seal) on TikTok, Instagram, LinkedIn and X.
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