Controversial title, right?
What I mean by that, is many people (myself included) are under a general belief that saving as much as you can in every area, is the best PF thing you can possibly do.
What we fail to mention is that we also have to have a balance that cannot be quantified by $$$$.
Generally speaking, people spend too much money, so this advice is helpful to most.
But what about us who already save at least 10% a year?
Should we go down to as far as we can, ignoring our wants, just to make it to saving 12% a year?
I could save even more but I don’t want to
I know I could save more money if I cut out even more in my budget, but frankly I don’t want to and I don’t need to.
Call me stupid or selfish, but it’s a choice I make because it’s my money.
You have to have a balance
You have to spend on what enriches your life and makes you happy, or else, what is the point of having all that money?
For instance, I wouldn’t spend on a gym membership because not only would I never go, it isn’t something I enjoy doing, however that’s my personal preference.
For others, they might even feel guilty for buying a gym membership when they can do all of these free exercises at home, or outside, but they just simply prefer being in a gym.
After a workout, they feel mentally balanced, they like having all the equipment there, and it is just worth it to them, even if it isn’t the cheapest option optional.
To that, I’d say: Spend on that darn gym membership, already!
Conversely, just spending like crazy and going into debt for it and/or not saving a penny is not good either, but realistically speaking, not everyone can be frugal in every aspect of their lives all the time.
I applaud those of you out there (I know you exist!) who can do it, but I am definitely not in that group.