(979) 324.8179
Location
Contact
Menu
Tracy Stewart, CPA
  • (979) 324-8179
  • (979) 324-8179
  • Location
  • Contact
  • Menu

Tracy Stewart, CPA

Just another WordPress site

  • (979) 324-8179
  • (979) 324-8179
  • Location
  • Contact
  • Menu

Peace of mind through financial clarity.

Watch out for lifestyle creep: Making the most of your first real paycheck

August 10, 2017 by Tracy Leave a Comment

Now that you’ve graduated college and you’re in a job that pays a living wage — it’s easy to let your lifestyle costs creep a bit as you can now afford the “finer things” in life. But I want you to tap the brakes just a moment and think about your long-term financial needs.

In today’s episode of Your Money Minute, I want to share some thoughts on avoiding “lifestyle creep with your first job as a college grad or new professional. Yes, you are making money now and it may feel like you can write a check for just about anything. The reality is, with big money comes big responsibilities — and it’s important to make sure you live within your means.

To avoid “lifestyle creep”, it’s important that you have a budget to work with. I also recommend you start considering retirement. I know it seems a million miles away, but it’s important you know your options and start saving early. And speaking of savings, do make sure you’re building an emergency savings fund (aka a Murphy’s Law account.) Making sure your fixed expenses stay as low as possible, you’ll avoid going into debt or running out of money when you really, really need it the most.

Don’t forget to subscribe to my YouTube channel for the latest episodes of Your Money Minute, a series on making the most of your money and life posted each and every weekday.

Filed Under: your money minute

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Contact Tracy

Thanks for all the help, advice and encouragement. It's a real pleasure learning from an informed, honest and caring person. I sleep so much better at night. Thank you for everything!
L.B.

Our Location

Rate, Review and Explore

  • Google
  • LinkedIn
  • YouTube

©2023 Tracy Stewart CPA, PLLC · Site by Hero House Creative

Contact Tracy Stewart CPA

More contact info

Menu
  • (979) 324-8179
  • Home
  • About Tracy
  • Elder Financial Planning
  • Divorce Finance
  • Financial Forensics
  • Articles and Resources
  • Blog

Location and Hours

Open Today 8:00am - 5:00pm