Pictured: my new house.
Have you ever gotten a raise and thought, perfect! I could use a new apartment, new headphones, new X, new Y, new Z?
The truth is you will adjust to your new income before you know it. It might no longer feel like enough.
Whether you make $50,000 or $150,000, everyone is subject to lifestyle inflation. If your income increases, I encourage you to continue spending at your current level--or just above it. You do need to live a little but this is not your opportunity to start buying $4 coffees every morning. It adds up.
Shovel that additional income into maxing out your Roth IRA, investment accounts, and high yield savings accounts. Pay off your debt and complete your emergency fund.
Grow your net worth!
Don’t be so strict that you make yourself miserable, but assess whether you’ll benefit from instant vs. delayed gratification. Hint: it’s delayed gratification. Your future self will thank you.