The Economic Times

Bengaluru CA decodes why she remained poor despite a great salary: 'Most people dont stay broke because they earn less.'

Chartered accountant Meenal Goel shared her experience of lifestyle inflation, where increased income led to higher spending, leaving her savings stagnant. She realized that upgrading lifestyle with every raise, instead of saving, hinders financial progress. Goel now prioritizes investments and savings before any spending increases.