Planning Too Far Ahead Financially
Financial Management

Planning Too Far Ahead Financially

I was reading an article today that talked about a person who has saved up so much money in his life as everything was planned out so that he can enjoy his retirement. The bad thing was that recently he experienced some sort of health problem which means he won’t be able to do all the things he wanted to do as planned.

I guess this is an example on how while it is definitely great to be financially sound with a long-term plan, you can’t ever predict exactly what is going to happen and so you shouldn’t treat your money that way too. That is where the balance comes in where it’s not wise to spend everything until you have nothing as you want to “live the moment” or like in this case prepare so much as if there are going to be no roadblocks of sort.

For me when I save money my mentality has always been that I am saving up so that I can purchase things as please or needed should the situation arise based on my lifestyle habits. Example, I don’t like the lifestyle where people that want to say buy a new suit can’t because they didn’t save. I would rather be able to just go into my savings account and purchase it without a fuss.

Aside from that I use the rest of my funds accordingly to the present time and trying to take advantage of the current opportunities that I see. Of course, you really have to be disciplined and understand your own buying habits to accomplish this. That sounds kind of weird when you think about it as we should all know very well where our money goes to right? With this you are always planning far ahead enough where you are thinking about your future and at the same time enjoying life too.

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