Reply to How do you balance saving money (for security) vs. spending money (to enjoy life before you die)?

Forum Index » Money and Finances

Reply to "How do you balance saving money (for security) vs. spending money (to enjoy life before you die)?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]I think that this is where people can benefit from having a fee only financial planner. It’s probably hard for you to spend without guilt because you don’t have clearly articulated “SMART” goals for your life/your money so you have no idea if you’re on track for them. You don’t know if your financial foundation is adequate (do you have adequate life and disability insurance? Do you have an appropriate estate plan in place? Do you have an appropriate amount of emergency savings given your job security and your careers? Have you considered what expenses qualify as an emergency? Do you have saving for unexpected but expectable house and car maintenance) and that leaves room for anxiety. If you had a big picture plan in place for where you’re going, and knew you were continuing to make progress towards those goals, rather than just an amorphous goal to “save for retirement, save for college” you would certainly feel more comfortable spending the excess. And if your problem is that you have more than you need, and you feel guilty about that, maybe figure out a way that’s meaningful to you to give your money away to others who don’t have what they need, and incorporate that into your spending too.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics