You can save for future but never forget to spend some money on things that you love today. We earn for the betterment of our livelihood.
Key to financial freedom is to save and spend with intention
Plan your monthly budget according to your income and expenses. Allot some funds on your monthly budget for personal fun and entertainment. Personal fun includes all things that's brings you and family members together, Good food, Movies, Trips. Things that makes you feel relaxed and composed. Things that boost your productivity and efficiency.
Fun account is the intentional spending account. Mentotax recommends to have dedicated Fun Account ( savings bank account) to finance and track your expenses. It will help you on how much to spend with what you have on hand.
Few people will spend more money and save less. Even there are people who save more and have lot of money but never spend for themselves. It is always advised to save and spend with intension.
"Financial Planning is all about financing your needs and wants today with your needs and wants tomorrow"
If you rewind 5 years down the line gadjets, cars, shares and jewellery will bring less memories compared to the trips and parties you went with family and friends! so spend on things that bring memories and connect with people.
Mentotax recommends you to dedicate 5% of your income for fun account.
Having one's own happiness will nurture you to take next step in life and compete against yourself.
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#Mentotax #Money #Investment #FunAccount
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