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You want to have a good credit score, not live paycheck to paycheck and be able to save.
But what if youre living too far below your means?
Living far below your means can be a problem when youre making money and not enjoying it.
Its often a stress response to having a difficult financial time in the past.
This means you could be using that money to enjoy life.
), 30% on what you want (vacations, luxury items, etc.)
and 20% onsavings and investments.
Its one thing if your split is a little different from this one.
Often, this is because you dont have enough write-off when its time to file.
You Have Money to Treat Yourself But Dont.
You really want that new outfit, jewelry, car, watch youve been eyeing for the longest time.
You have the money to buy it, more than enough.
But you dont get it.
It might be because you are worried about overspending, running out of money or buying into fast fashion.
Meanwhile, your money piles up in the bank or investments.
Youre living way too far below your means, and its time totreat yourself.
Otherwise, youre living a life of toil and trouble with little enjoyment.
The purpose of life, after all, is not to live to work but to work to live.
Its Okay To Spend Your Money
There are always exceptions.
Many people came away from the pandemic with anxiety over finances and for good reason.
You dont have to spend your money on trifles.
They make memories that last forever.
Investing in yourself may cost some of that money youre not spending but can.
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