EPISODE · Oct 20, 2025 · 5 MIN
102025 ~ The Silent Budget Killer - Nicole Bernacik
from The Lucy Ann Lance Show · host Cumulus Media
October 20, 2025 ~ Lucy Ann Lance is joined by Nicole Bernacik, UMCU Financial Education Specialist for Money Monday! Nicole describes “lifestyle creep” as an increase in spending that follows a rise in income or career advancement, often without awareness. This pattern occurs when people use new money or debt-free funds for non-essentials like new cars, dining out, or travel, rather than for savings or retirement. To prevent lifestyle creep from harming finances, the discussion advises creating a budget, prioritizing saving first, and setting specific financial goals. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
What this episode covers
October 20, 2025 ~ Lucy Ann Lance is joined by Nicole Bernacik, UMCU Financial Education Specialist for Money Monday! Nicole describes “lifestyle creep” as an increase in spending that follows a rise in income or career advancement, often without awareness. This pattern occurs when people use new money or debt-free funds for non-essentials like new cars, dining out, or travel, rather than for savings or retirement. To prevent lifestyle creep from harming finances, the discussion advises creating a budget, prioritizing saving first, and setting specific financial goals.
NOW PLAYING
102025 ~ The Silent Budget Killer - Nicole Bernacik
No transcript for this episode yet
Similar Episodes
No similar episodes found.
Similar Podcasts
No similar podcasts found.