Comments on: How To Control Lifestyle Inflation And Survive The Recession http://www.organizeit.co.uk/2008/10/20/how-to-control-lifestyle-inflation-and-survive-the-recession/ One of the longest running and most respected productivity blogs on the net! Wed, 28 Dec 2011 20:52:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: James http://www.organizeit.co.uk/2008/10/20/how-to-control-lifestyle-inflation-and-survive-the-recession/comment-page-1/#comment-26875 James Wed, 22 Oct 2008 15:34:20 +0000 http://www.organizeit.co.uk/?p=1595#comment-26875 I agree Silke. I read recently that belt-tightening is indeed in fashion at the moment. It's a pity the situation will probably go full circle again. I agree Silke. I read recently that belt-tightening is indeed in fashion at the moment. It’s a pity the situation will probably go full circle again.

]]> By: Silke http://www.organizeit.co.uk/2008/10/20/how-to-control-lifestyle-inflation-and-survive-the-recession/comment-page-1/#comment-26873 Silke Wed, 22 Oct 2008 14:05:56 +0000 http://www.organizeit.co.uk/?p=1595#comment-26873 I live in an area where keeping up with the Joneses has become a way of life. Now I see a lot of belt-tightening, myself included. Has that become a trend in and of itself? Maybe that is one good thing that will come out of this situation. We will now put more purpose and meaning into money we spend. Inflation, deflation, or their actual economic definitions aside, I believe the personal value of that which is purchased will increase. I live in an area where keeping up with the Joneses has become a way of life. Now I see a lot of belt-tightening, myself included. Has that become a trend in and of itself? Maybe that is one good thing that will come out of this situation. We will now put more purpose and meaning into money we spend. Inflation, deflation, or their actual economic definitions aside, I believe the personal value of that which is purchased will increase.

]]> By: Chris @ Lifestyle Project http://www.organizeit.co.uk/2008/10/20/how-to-control-lifestyle-inflation-and-survive-the-recession/comment-page-1/#comment-26859 Chris @ Lifestyle Project Tue, 21 Oct 2008 07:04:07 +0000 http://www.organizeit.co.uk/?p=1595#comment-26859 Interesting and though provoking post. I haven't heard the term lifestyle inflation directly applied to this before, but I certainly recognize the phenomenon. I think that the biggest struggle is having the money to fund the lifestyle you want, and this is in part due to the fact that you always want more. So when you do get that pay rise, you spend it on some extra stuff that you don't really need and then you feel the need to proceed to the next level. I find the best way to control this is to save as soon as funds enter your account as otherwise you will just spend what you have from month to month. Interesting and though provoking post. I haven’t heard the term lifestyle inflation directly applied to this before, but I certainly recognize the phenomenon.

I think that the biggest struggle is having the money to fund the lifestyle you want, and this is in part due to the fact that you always want more. So when you do get that pay rise, you spend it on some extra stuff that you don’t really need and then you feel the need to proceed to the next level.

I find the best way to control this is to save as soon as funds enter your account as otherwise you will just spend what you have from month to month.

]]> By: James http://www.organizeit.co.uk/2008/10/20/how-to-control-lifestyle-inflation-and-survive-the-recession/comment-page-1/#comment-26858 James Tue, 21 Oct 2008 06:45:28 +0000 http://www.organizeit.co.uk/?p=1595#comment-26858 Thanks for clarifying the true definition of inflation in an economics sense. The inflation in lifestyle inflation is simply about the inflated/increased cost of living ones chosen lifestyle, rather than being a truly accurate economics term. In that sense it's a commonly used term. Thanks for clarifying the true definition of inflation in an economics sense. The inflation in lifestyle inflation is simply about the inflated/increased cost of living ones chosen lifestyle, rather than being a truly accurate economics term. In that sense it’s a commonly used term.

]]> By: Al http://www.organizeit.co.uk/2008/10/20/how-to-control-lifestyle-inflation-and-survive-the-recession/comment-page-1/#comment-26856 Al Mon, 20 Oct 2008 20:18:20 +0000 http://www.organizeit.co.uk/?p=1595#comment-26856 The context in which you use the word inflation is unfortunate, especially because you're not talking about increasing the pressure inside a vessel. Inflation means the increase of the volume of money. There is no such thing as price inflation, let alone lifestyle inflation. Inflation is an increase in the volume of money, deflation is a decrease in the volume of money. The volume of money has nothing to do with how individuals are spending their money. The context in which you use the word inflation is unfortunate, especially because you’re not talking about increasing the pressure inside a vessel.

Inflation means the increase of the volume of money. There is no such thing as price inflation, let alone lifestyle inflation. Inflation is an increase in the volume of money, deflation is a decrease in the volume of money. The volume of money has nothing to do with how individuals are spending their money.

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