A Spending Finish Line Guards Against Empty Consumerism
A personal spending limit – a self-imposed annual consumption cap or “salary” – limits lifestyle inflation, and directs extra income into higher saving and giving rates. It’s a money guardrail that focuses spending on basic needs and fulfilling discretionary expenses, and it leaves much less room for empty consumerism. For now, I’m setting an annual spending finish line of $100,000, with the goal of reducing it over the next few years.