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Well. ARKK is back.
Any thoughts on ARKK and MGK ?
thoughts on buying airline stock? delta?
what’s the most you’ve spent on brunch 🤣
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I’d say what really makes you happy... I never regretted spending money on traveling. I did regret spending money on all my clothes especially my work closet that I haven’t touched in a year. It took me a while to realize buying stuff like this makes me happy for about 5 min.
Pro
Saving doesn’t mean frugal. Make a budget that is reflective of the life you enjoy living. If you have a plan for your money you can save and enjoy spending on the things that make you happy but there has to be balance. It’s not about sacrificing everything to save. It’s about living below your means and finding balance. Similar to others above, I love spending on traveling or events but always regret clothes purchases. So I made a budget that allocates money for travel and events and not a monthly clothes allowance which is now additional money I’m saving. You have to figure out what makes you happy and just make sure you are intentional with your spending and not mindlessly throwing it away to keep up with your friends or buying things you think you’re supposed to have. There are no “rules”.
Bowl Leader
Be frugal on things you don't care about but allow yourself to spend (within reason) on the things and experiences that make you happy. Ramit Sethis book I will teach you to be rich has a section on this. There is also a podcast and blog called Afford Anything that has the tagline that you can afford anything but not everything which I check out when I see an interesting topic.
Figure out what is important to you, save a certain amount to retirement accounts first, and then you can decide what to do with the rest. I personally don't care about cars so I've spent more on travel, savings, and my house than I would have if I had a large monthly car payment.
Enthusiast
Thanks!
When your SO starts telling you they are disappointed you can’t do things because of frugality. Not really a joke
Pro
Draw your own line in the sand. It’s not as hard as you think. Automate your saving by depositing a set amount every month in your preferred medium of saving. Once you’ve decided how much to automatically save each month, whatever you have left over in your checking account, spend freely without guilt. If you spend leftovers, there’s far less guilt, because you know you’ve already paid yourself first.
You know you’re too frugal when being frugal makes you happier. If you think you’re denying yourself items, then you have to rethink about what you’re doing to yourself.
Ugh this hit me hard