New Delhi, Sept. 15 -- A promotion brings more income and reasons to celebrate. Soon, better restaurants, extra subscriptions and frequent shopping can become normal expenses.

This gradual rise in spending is called lifestyle creep. Your salary grows, but your savings may barely change.

Ayana Bhatia QPFP(R)️, Director at Ayarah Investment Services LLP, said: "Having spent almost 18 years in finance and climbed the corporate ladder steadily, I've seen how lifestyle creep can begin even before the increment hits. That phone, perfume, brand, vacation or staycation you've been eyeing suddenly feels justified. I experienced it myself after my first promotion and increment; almost the entire increase disappeared into expenses. Thankful...