facebookI feel that i'm obsessed with savings and investing that i find myself anxiously looking for my next paycheck just to save and pump into my investment accounts. How can i relax and live life a little? - Seedly

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Anonymous

13 Feb 2022

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Adulting

I feel that i'm obsessed with savings and investing that i find myself anxiously looking for my next paycheck just to save and pump into my investment accounts. How can i relax and live life a little?

I don't spend much money because i'm still living w my parents and i wfh so i don't spend much on clothes, food, transport etc. However, i feel frustrated because i want to spend but i can't bring myself to spend knowing that it's money going to waste instead of it growing.

Discussion (12)

What are your thoughts?

I guess it's a matter of perspective and what you really want in life. Set aside a small sum for discretionary spending and allow yourself some treats every month. Else, what joy is there in life? Besides, you never what's gonna happen tomorrow. There is more to life than the numbers in your bank statement...

Hey there,

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understand what you have been going through. Been there before. I believe one of the reason is you have not set any goal (e.g. how much you want saved and invested by the end of the year?) Sure sometimes buying things like games and expensive food may seem like a waste of money, but sometimes we got to learn to reward ourselves.

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Think of it this way. If you consistently set rewards at clearly defined milestones (e.g. treat yourself to a $200 spending spree upon saving up to a $5000), you will have a clearer sense of where you are and the positive reinforcements will make you find saving and investing a joy, rather than a chore, yet at the same time, you can find yourself spending the money you deserved guilt-free.

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Life's too short, go enjoy yourself :)

View 1 replies

LD

LD

20 Feb 2022

Healthcare at SG

I feel you. Every month, I look forward to the paycheck to pump into investment. I was quite aggressive especially back when I was single. Now I allow myself to spend a little more.

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Enhance happy moments

  • As life stages change, we will need to spend more money to buy convenience and time.
  • We also spend to enhance happy moments with family and friends that once gone, we can never buy back. Therefore it is always good to strike a balance for both short term and long term.

There is this saying "Some people are so poor, all they have is money". Hope that none of us will be that poor.

Louis Lui

Louis Lui

18 Feb 2022

Financial consultant at Prudential

Hi Buddy,

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I feel perfectly the same way. I'm living a very frugal minimalistic lifestyle now, spending only about $600 a month. I prepare my own meals most of the time, the majority of my expense is spent on necessity, and occasionally catch-up meals with friends and family.

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I'm currently a fresh graduate entering into the financial advisory industry so $600 per month is livable for me. But perhaps my spending patterns might change as I enter into my 30s.

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Like yourself, I put most of my money into investments because of opportunity costs. But keep in mind that you can never earn enough money.

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So set certain milestones, improve your quality of life as you achieve each milestone.

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Remember we only have 1 life, don't forget to live a good one. Cheers :)
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You can try to put aside a petty cash fund for discretionary spending while trying not to get caught...

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