Consider a college graduate just embarking on a career who settles into a comfortable apartment for $750 a month. A couple of years later, their salary has increased, so they find a better apartment for $1,250 a month. The...

While some level of lifestyle inflation may be unavoidable, remember that every spending decision you make today affects your financial situation tomorrow. In other words, that $800 pair of Jimmy Choo heels you just bought is coming straight out...