There’s lots of advice about how to save money and very little about spending. Most of the time it’s not very good advice. For example, “If you cut back on your morning coffee you can have $300 more in your savings account.”
It’s rare that you’ll find someone telling you how to spend money to enjoy yourself. I’m guilty of it too. A lot of what I discuss is all about savings. Even worse, it’s all about the long term.
One of the things I’ve worked on lately as a Financial Planner is helping people enjoy their money today.
Something I’ve been saying lately is “Yes, we want to be responsible about saving for the future, but balance that out with enjoying ourselves today.” To me, it’s very empowering to know that you are on track for your future goals. This can give you a guilt-free sense of enjoying whatever you have left over to spend today.
If there’s money left over to fly first class, do it. If you want to pay for a personal trainer or hire a nutritionist because you value your health, go for it.
Last year, I asked some of you what you like to spend your money on and I’ve copied a few examples below.
What I loved most was that nearly every response was either an experience or something that helped that individual live a better life.
Tanner R. Fedell | Independent Financial Consultant
North Star Consultants - Celebrating over 110 years in business
7929 Brookriver Dr, Dallas, TX 75247 Suite 760 – Serving Clients Nationwide
Phone | (469) 708-9260 | Secure Fax (612) 256-3002 |
Jackie Fuller - Practice Assistant
North Star Consultants Texas, Inc. - Insurance Products and Services | CRI Securities, LLC - Securities and Investments | Securian Financial Services, Inc. - Variable Products and Securities | North Star Consultants of Texas offers securities and investments through CRI Securities, LLC and Securian Financial Services, Inc., Members FINRA/SIPC. | CRI Securities, LLC is affiliated North Star Consultants of Texas and Securian Financial Services, Inc. Securian Financial Services, Inc. operates under separate ownership from North Star Consultants Texas and North Star Consultants Texas, Inc. North Star Consultants Texas, Inc. doing business as North Star Consultants of Texas in the state of Texas.
Financial Advisors do not provide specific tax/legal advice and this information should not be considered as such. You should always consult your tax/legal advisor regarding your own specific tax/legal situation.