I read Elizabeth Warren's, book All Your Worth, a while back and it has a similar message. He approach is that your personal budget should allocate 50% to needs, 20% to savings, and the other 30% is for living - travel, date nights, concerts, good wine, whatever. The idea of enjoying life is built right into the budget, doesn't matter if…
I read Elizabeth Warren's, book All Your Worth, a while back and it has a similar message. He approach is that your personal budget should allocate 50% to needs, 20% to savings, and the other 30% is for living - travel, date nights, concerts, good wine, whatever. The idea of enjoying life is built right into the budget, doesn't matter if you are 25 and just starting out, or 55.
My wife's cancer about 8 years ago is what really kicked us in the ass to change though. Sold the McMansion and moved to a much smaller rental, moved to a lower cost of living area, and just totally rearranged our life around having more time to enjoy it. It took us 7 years to get around to buying another home, a small townhouse, and that only because explosive growth caught up to us in Richmond VA and I wanted to stabilize our shelter expense.
I read Elizabeth Warren's, book All Your Worth, a while back and it has a similar message. He approach is that your personal budget should allocate 50% to needs, 20% to savings, and the other 30% is for living - travel, date nights, concerts, good wine, whatever. The idea of enjoying life is built right into the budget, doesn't matter if you are 25 and just starting out, or 55.
My wife's cancer about 8 years ago is what really kicked us in the ass to change though. Sold the McMansion and moved to a much smaller rental, moved to a lower cost of living area, and just totally rearranged our life around having more time to enjoy it. It took us 7 years to get around to buying another home, a small townhouse, and that only because explosive growth caught up to us in Richmond VA and I wanted to stabilize our shelter expense.