Slave to saving

money_maker_2

I can't take a break from saving and it's annoying me to no end.
I'm not in a bad situation and have a fairly good amount of money that I have saved for the last few years.

I have always been a saver since I left school. I can't help but put money away in case of an emergency. (what emergency I don't know)

I have been saving for my wedding and now I need to part with a good chunk of my cash. I should be thinking "great, it's what I have been saving for, this is ok to spend" but instead I feel guilty even thinking of dipping into it.

I think it gets to me as all my money is in one account and I love seeing the numbers increase after payday. Perhaps I should have saved my wedding money in a different account rather than lump it together, but I was getting the best interest rate on this account at the time.

Does anyone else feel like this? what's a good balance between saving/ spending? Can someone please comment and tell me how stupid I am to feel guilty for spending my own money :rotfl:

kidmugsy

money_maker wrote: »

Can someone please comment and tell me how stupid I am to feel guilty for spending my own money.

If you were going to spend it on a house, or motorbike, or boat I'd applaud. Even on a cellar of fine wine.

But I take a dim view of the modern craze for extravagant weddings, so I can't help you there I'm afraid.

money_maker_2

Got a house/car but no boat I'm afraid lol.
I'm not looking to spend my whole amount on the wedding, only about £7k. But I still feel horrible parting with the cash.

ramjug

Its strange, i am in a same boat as you (not getting married though) but i love my balance going up every payday. One part of me says that i have saved enough and should enjoy more but dont know unable to do that. i save like 16-1700£/month which i think is too much and i should spend more.

In nutshell: You are not alone mate

money_maker_2

ramjug wrote: »

Its strange, i am in a same boat as you (not getting married though) but i love my balance going up every payday. One part of me says that i have saved enough and should enjoy more but dont know unable to do that. i save like 16-1700£/month which i think is too much and i should spend more.

In nutshell: You are not alone mate

Wow great savings there! Well done :T

I know I should relax and enjoy more but I still worry. Glad I'm not the only one.

atush

I have been saving 500 a month for a number of years now, meant to buy the OH a nd I new cars (for cash not on finance).

His car is 14, and mine is 10 lol and I still have the money.

So you aren't alone, but you will part with the money- unless you are planning to stay single lol

atush

ramjug wrote: »

Its strange, i am in a same boat as you (not getting married though) but i love my balance going up every payday. One part of me says that i have saved enough and should enjoy more but dont know unable to do that. i save like 16-1700£/month which i think is too much and i should spend more.

In nutshell: You are not alone mate

Are you saving that 1600-1700 in cash?

The 500 I am savings isn't all i save, just cash savings. I save more in investments and pensions. Have you considered these for your savings? Better for longer term goals (although had I known I would not part with my savings for the car I would have invested the money lol)

DiamondLil

"The king was in the counting house, counting out his money".
In my case, it was the queen in the counting house, and it became a very lonely place.....

And congrats. money_maker on your forthcoming wedding.

xylophone

No pockets in shrouds?:)

littlemissbossy

huummm, my first thought was, are you sure about getting married!

suebfg

Hi, I'm an avid saver too but a tricky situation a few years back taught me the value of having savings to draw down on - money can help in certain, but not all, situations.