Mod Note (Andy): Check out the great response in the comments by user @"Dingdong08"
I'm a bit older then most of you (see my post on live advice/quotes) but curious to hear from those who are in their first few years of banking and the bump in income is more noticeable. So how has the money changed you, for good or for bad?
I moved a few years ago to a place with a lower cost of living and higher ppp for me while maintaining a similar salary and have seen my expenses slowly rise (funny how that happens eh) - though have been having more fun and enjoying what money can buy (more on experiences rather than things). I'm single/no children so obviously that's a big factor.
I'll say this...money makes things more fun, it changes your friends/social circles/activities and gives you more freedom to do what you want. I've noticed it's not that much easier to save as of course your expenses rise because it's easier to justify the expense. I save more than before, but the % is about the same.
Am I happier with more money? Compared to the stress I had coming out of college not having to worry about money is f*cking wonderful but with the right mind set and adjusted expectations I feel I could be on a similar happiness level with less income.....and from my thread (linked above) i'll always try to remember the formula: happiness = reality - expectations + internal processing