Why Earning More Doesn’t Always Make You Feel Wealthier
We’re proud to sponsor the Where’s My Money? podcast, hosted by Reagan White.
In this edition of The Money Brief, Reagan is joined by Shelley from enable.me to explore why earning more doesn’t necessarily translate into feeling wealthier, and what you can do to take greater control of where your money goes.
Watch Out for Lifestyle Creep
As your income increases, it can be easy for your spending to increase with it. A nicer car, more holidays or small everyday purchases might not feel significant on their own, but together they can start to absorb more of your income.
That doesn’t mean cutting out everything you enjoy. Instead, take a step back and consider which things you spend money on genuinely matter most to you.
By prioritising those things and looking for areas where money might be slipping away, you can start making more conscious choices about your spending.
Build a System That Supports Your Priorities
Once you know what matters to you, having the right systems in place can make it easier to keep progressing towards your longer-term goals.
That could mean paying yourself first or automating regular payments towards savings and other financial goals, rather than relying on willpower to make those decisions each month.
The goal isn’t necessarily to spend less on everything. It’s about aligning your money with the life you want now, while still making progress towards where you want to be in the future.
Ready to Make Your Money Work Harder for You?
If you’re earning good money but wondering where it all goes, a clearer plan can help you take control of your money and make it work towards what matters most to you.
A financial consultation with enable.me can help you understand where you’re at, what you want to achieve and the steps you can take to get there.
Watch the Full Episode
Watch the full conversation for more on lifestyle creep, prioritising the things that matter to you and putting systems around your money to support your financial goals.
Disclaimer: The Where’s My Money? podcast and the information shared by host Reagan White and his guests does not constitute individual financial advice. If you’re interested in receiving financial advice, you can book a consultation with an enable.me financial coach. Costs apply.
