Is there a solution to the problem of determining the fine line between saving for the future and spending to live in the present?

LickyLickyLickIt · 2018-12-21T03:21:57+00:00

Save 10-15% of your gross income. Budget the rest however you want.

redpharma7789 · 2018-12-21T04:11:42+00:00

Most of the time you save money in this order.

Emergency Fund > Savings Account > Long Term Savings

Of course, you’re gonna have to spend money every month on something to keep you happy. Does it need to be some exotic resort in Cambodia? Not really.

Just make a good time of your holidays. Is there anything interesting near you?

jefferson_ · 2018-12-21T04:41:08+00:00

I doubt there's anything truly objective for this. Do you have investments set up? They should be doing a lot of heavy lifting for you so that you don't feel as guilty taking such a vacation once in a while.

Title	Is there a solution to the problem of determining the fine line between saving for the future and spending to live in the present?
Author	Anon241469
Upvotes	1
Comments	4
Date	December 21, 2018 3:12 AM UTC (7 years ago)
Subreddit	Posted in /r/askTRP
Original Link	https://old.reddit.com/r/asktrp/comments/a85rmw/is_there_a_solution_to_the_problem_of_determining/
Archive Link	https://theredarchive.com/r/askTRP/is-there-a-solution-to-the-problem-of-determining.71196 https://theredarchive.com/post/71196

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