Nice post! I agree on spending the right amount of time and money on the present and the future.
A simple strategy is to follow the 50-30-20 rule in financial planning. Spend 50% of your income on needs, 30% on wants, and save 20% for the future.
Sounds about right. People can adjust those 3 percentages to customize it to their lifestyles. But the numbers in this example add up to 100%, meaning - do not spend more than your income! Lots of people use credit cards so they can spend more than their income. But that leads to trouble because of high interest rates. If you do use credit cards, the best way is to get one with cash back rewards and pay it off Every Month! This way you Never pay Them interest, but they Pay You Cash Back!
Again, great post. Thanks for sharing this with all of us! :)
I completely agree with you. Me also don't much rely on credit card and don't support them much. The expanses which are beyond our limits means they are not meant for us. If we still go for them, then we can be in some trouble.
Thank you so much for sharing your great thoughts with me😊.