![]() ![]() Work out what the impact will be on your spending and saving, and on your lifestyle. If you’re struggling with a decision like this, draw up a full budget for each scenario you are considering. It always ‘depends’ – not only on your income and whether you can fit it into the budget, but also on your priorities and preferences, which are personal to you. There is no simple answer to these questions. Should you buy your dream house you can only just afford, or a cheaper one with a smaller mortgage?.Should you rent a room in an shared house, or get a 1 bed flat to yourself?.Should you keep your current car or is it ‘okay’ to splurge on a nicer one at £450/month?.Is it worth paying £80/month for a really nice gym?.While some goals may be easy decisions, other times the right decision isn’t as obvious. Your budget is an incredibly powerful tool to help you make financial decisions. What feelings or worries stop you from spending? Do you have previous experiences of scarcity? Are there different ways you can think about your needs and goals to remind yourself of why it’s worthwhile spending money on them? Take the time reflect about the underlying reasons. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |