Take the High Low Approach to Your Spending

Are you familiar with the High Low motion offense on the hardwood? The Golden Gophers employed it masterfully earlier this year to take advantage of Jordan Murphy’s talents, defeating Purdue twice down the stretch and Louisville in the NCAA tournament.

The high low approach is described as, the interventional radiologist behind the Tired Superheroine, won’t score points on the basketball court.

But apparently, it’s a popular approach to affordable fashion, and using a similar strategy with your finances can lead to great results, as well.

Take the High Low Approach to Your Spending

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In the fashion world, making an ensemble from a combination of high-end and basic pieces is referred to as high low style.

What is the high low approach?

Aside from increasing the affordability of one’s look, the high low approach helps one avoid looking like they’re trying too hard. This style strategy can be summed up as “Save here, splurge there.”

You can apply the high low philosophy to your financial life to help you enjoy your money while reaching your financial goals. I’ll explain.

Lifestyle inflation can be insidious for high income professionals. During training, money is a finite resource. You scrimp where you can, and consider purchases carefully. 

High low spending: Why try it?

Suddenly, your paycheck jumps to an attending level, and you think you can level up on anything you buy. Or maybe your family — or that little voice in the back of your head — considers a new purchase or premium cable subscription and says, “Why not?

Risk of purchasing “high” all the time is the momentum it creates. If you buy a sleek new Tesla, you might feel you need a new wardrobe to match. Suddenly your old suitcase looks really sad when placed in the trunk, so you replace it.

The risk of spending “high”

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