To Save & Scrimp -OR- To Spend & Enjoy ?

Do what you want today, you never know what tomorrow will bring!

Some people save and save and save (which is great to a point!) but never enjoy “today”! Saving is an amazing skill to master, but an even more important skill is balance. Balance is being able to save and spend and have a happy medium.

Have you ever had that carnal urge to spend on something you knew was a luxury and not needed and you just could not do it? That is pretty common and happens to everyone, but where saving becomes obsessive is where your thrifty light always pops on even with small purchases that are needed (EX-a new toothbrush).

It is human nature to spend too much and save too much so balance is key.

A big debacle that can arise from this common SAVING Vs. SPENDING debate is should I rent or buy a condominium or house? For some people renting is an option and sometimes the only avenue. There are times though where someone is so intense on their saving and scrimping that they can not see the proverbial light at the end of the tunnel which is to become an owner.

So the MILLION DOLLAR QUESTION is… “When should saving end and a bit of spending begin?”

The truth is, the answer is different and entirely unique for every person!

So are you a spender, a saver or a balanced soul?