How to Save and Still Enjoy Life

When you’re committed to saving, it can feel like you always have to choose between securing your future or enjoying your life now. But that doesn’t have to be the case. It’s all about understanding your financial situation, being prepared, and setting priorities. If you follow these steps, you can both save and have fun:

Start an emergency fund so you don’t have to constantly worry about what will happen if an emergency strikes.

Create a budget so you know exactly what you need to spend on bills each month and how much you can spend on recreational activities.

Make sure all the paperwork is signed, including your will, trust, and a financial and medical power of attorney.

Do the “Five Year Exercise” and list all the things you would want to do if you have only had five years left, whether skydiving or a trip to Europe.

Prioritize those things that are most important on the list and create a deadline for when you want to do them.

Ultimately, the more you have planned, the easier it is to relax and enjoy your spending money. Talk to an adviser at one of our local branches for help planning for the future.

Source: Forbes

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