Today I heard about a person who saved almost ten thousand dollars when it came to a purchase of a new home which is pretty substantial. Apparently his first reaction was that since he unexpectedly saved all this money he will simply take a lot of vacations during the year.
I personally treat funds like these as the savings account funds as I expected to use it originally. Therefore, I try not to spend as if I donâ€™t have it. That is until I find something good to invest it in. I think just spending the money because you were expecting to use it anyways is a bit premature.
It just reminds me of a situation like if you say went to the store to buy a $10 tool that is on sale for $8. You then spend the $2 on say candy because you werenâ€™t expecting to have change left over anyways. To me it just seems like a habit that can save and earn you a lot more during the year if you arenâ€™t inclined to spend these types of unexpected funds that you saved.