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How to balance YOLO and SAVING

"I’m stuck between 'I need to save money' and 'you only live once'!"

Original unknown


This picture is of me and the hubby ...

... scuba diving off the Similan Islands in Thailand. We’ve dived at over 50 sites around the world. YOLO right?

In the world of personal finance, you might have come across the term "YOLO," which stands for "You Only Live Once." It's all about living life to the fullest, seizing the moment, and enjoying every experience.


But, YOLO can be a double-edged sword in your financial journey.

On one hand, it encourages you to make the most of life's adventures, but on the other, it can sometimes lead to impulsive spending without considering saving for the future.

So how do we balance what we save vs what we spend?

How do we choose between, ’better not’, and ‘hell yeh’?

Embracing the YOLO lifestyle means cherishing the present and creating unforgettable memories. It encourages you to travel, dine out, explore new hobbies, and savor life's pleasures.

But this is where the need for financial balance comes in.

Because splurging on every desire can jeopardize your long-term financial stability. Yikes.


It's crucial to strike a balance ...

between living in the moment and securing your financial future. Here are a few tips to help you navigate this fine line:

➡️ Budget with Purpose ⬅️

Create a budget that allocates a portion of your income for both present-day enjoyment and future savings. This way, you can enjoy the present guilt-free while ensuring financial security.

➡️ Identify Goals ⬅️

Make sure you know what you're aiming for and identify your most important short-term and long-term financial goals. This could be saving for a holiday, buying a home, or building a retirement nest egg. Prioritising will help you allocate funds accordingly.

➡️ Emergency Fund ⬅️

Ah yes, I always hark back to the importance of this one! Establish an emergency fund to handle unexpected expenses without derailing your financial plans. This will prevent you from dipping into your savings every time an unforeseen cost arises.

➡️ Automate Savings ⬅️

Pay yourself first people! Set up automatic transfers to your savings or investment accounts. By making saving a habit, you ensure that your future self will also be enjoying the benefits of YOLO.

➡️ Mindful Spending ⬅️

Remember when Amazon's buy now was no longer my friend? Before making impulsive purchases, take a moment to consider how much value the item or experience will bring to your life. Opt for quality over quantity, think about your needs versus your wants, and never click 'buy now'!.


The balance between YOLO and SAVING comes down to being intentional and informed with your choices.

By managing your finances thoughtfully, you can indulge in the moments that matter most while securing your financial peace of mind.

And if you'd like a bit more support finding this all important balance, you know wherer to find me! ⇣⇣⇣

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