• Aaron R. Ballantyne

Stuck between "I need to save money" and YOLO

If you’re like me, then you may struggle with this every once in a while. You have some money but you can’t decide whether to save it towards something or use it to treat yourself, do something nice, spend some of it just to feel good that you earned it, etc.

Personally, this has a number of thoughts associated with it and you may be able to relate. I think about what will happen if I do in fact spend that money. If I do decide to spend it, I later think to myself, “Imagine how much money I would have now if I didn’t spend it on that watch, that meal, that experience, etc.

I think about it, but I don’t regret it, because what is having money if you can’t have certain experiences with it, if you can’t enjoy life with it. How you spend your money is up to you, so you should decide if it’s a smart spend or not. If you find value in travelling and you have the money, spend money on it, if you find value in donating money to a cause and you have the money, then donate to that cause, if it makes you happy to buy a large pineapple pizza and eat it by yourself, then don’t care about anyone else’s opinion and buy it. You should never have regrets about spending money if you’re spending it on something that you value or that makes you feel good.

You may end up regretting the things you do with your money, but you may very well end up regretting what you don’t do with it as well. Because the sad truth is, the future isn’t guaranteed and there are in fact some opportunities and experiences that present themselves only once or very infrequently and you never know when you’ll get those chances again.

Opportunities to make money will present themselves in the future; money isn’t something that if you spend it, you’ll just never get it back. You work hard, you deserve to treat yourself every once in a while. It doesn’t have to be extravagant or a huge spend, just do something that’s meaningful to you.

On the other hand, if you have goals, if you have an idea of what you hope your life to be in the future, then save towards it. What’s important is that you find a balance; it doesn’t have to be either or. You can enjoy yourself WHILE you save for an even better future, as I said, do something that’s meaningful to you. It may not even cost a thing.

You know your financial situation, so be smart. If you want to save while spending money on yourself, then find balance. Balance doesn’t necessarily mean saving the same amount that you spend, it means facilitating both in a way that works for you. This means PRIORITIZING.

If you prioritize working towards your goals and future more than enjoying the now, then the focus of your money would naturally go to savings and the rest would go to enjoying yourself. If you’re the kind of person who doesn’t give much thought to the future and prefers to live in the moment, then the opposite would apply to you.

It is possible to save and enjoy yourself. You are young, enjoy it, but at the same time, saving towards your future BECAUSE you’re young is also a good idea. I don’t know anyone who lives their life with the intention of ending it early. In my opinion, anyone with a good life would want to prolong it and a good way to do that is to have money as you get older. How does one go about doing that you might ask? Well one way, is saving. ;)

As mentioned before, it is possible to save for your future while enjoying your present. You just need to find your balance, prioritize.

Be sure to share with anyone you think may need to read.

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