We're in our mid-30s with a $6 million net worth and we are overspending on our budget - what can we cut back on?

The more money you earn, the more you have the potential to save; but only if you're disciplined enough to avoid falling into lifestyle creep.

This couple's extravagant lifestyle, despite their impressive net worth, showcases how quickly finances can spiral out of control if spending is not monitored.

Budgeting may seem restrictive, but it's essential to gain control over spending, especially after experiencing significant lifestyle inflation.

Having a robust savings strategy can make budgeting less burdensome and allow for flexible spending with the rest of the income.

Read at 24/7 Wall St.