You you know what? The only person who can honestly answer this question is you, I cannot emphasize enough , how important this question is for "you" and your finance.
Remember, you know your life, and what what matters for you, Just remember it is very important to know how much you need to spend.
yourself and only you!! are in the best position to answer it. That’s because you know your life and you know what matters for you better than anybody else.
Let me explain what I mean and how to approach this type of very subjective personal questions.
Let assume, if you have extra $25 left, and you chose to save it. Tomorrow when you wake up, you have that extra $ 25 lying around you. Here’s where ‘finance’ comes into play: if you save and invest that $25, in future you will have $25+ So that mean saving today will give you little extra money tomorrow.
Now, back to the question: Am I spending too much?
To answer it, you will need to know two things:
- What you will need to give up today in order to get…
- … some benefit later
In end everything all comes down to your own values in life.
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