The United States recently saw the enactment of significant tax legislation, notably the "One Big (fill in the blank) Bill Act" (OBBBA), signed into law on July 4, 2025. This comprehensive bill introduces a range of changes impacting individuals and families across the nation.

Financial planners often celebrate your successes – promotions, salary increases, and the achievement of financial milestones. However, with these positive developments, there's a subtle but powerful phenomenon we need to discuss: lifestyle creep.

Lifestyle creep, also known as "lifestyle inflation," is the tendency to increase your spending as your income rises. It's the subtle, often unconscious, upward shift in your living standards and expenses that accompanies an increase in your disposable income. While a natural inclination, if left unchecked, lifestyle creep can silently undermine your financial progress and make it challenging to achieve your long-term goals.

In the world of charitable giving, many individuals and families seek ways to maximize their philanthropic impact while also enjoying tax benefits and simplifying their giving process. One increasingly popular tool that helps achieve these goals is the Donor-Advised Fund (DAF).