📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Spend or Save?

13»

Comments

  • Albermarle
    Albermarle Posts: 27,559 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Sounds absolutely amazing, enjoy your experience! 

    IMO, you're doing the right thing. Nobody, I'm sure, lies on their deathbed thinking, "I wish I had more money".
    Everybody has a different situation. One relative was distraught on their deathbed as they had not been very good with money, and were about to leave their family with a big mess/debts to sort out. Two sides to every coin.......
  • Katiehound
    Katiehound Posts: 8,116 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 25 July 2022 at 1:28PM

    I think there's a very big difference between leaving a financial mess, and leaving nothing.
    There are no pockets in shrouds so spend some of your money wisely, making memories. I wouldn't advocate spending every last penny- now that would be foolish!

     
    Being polite and pleasant doesn't cost anything!
    -Stash bust:in 2022:337
    Stash bust :2023. 120duvets, 24bags,43dogcoats, 2scrunchies, 10mitts, 6 bootees, 8spec cases, 2 A6notebooks, 59cards, 6 lav bags,36 angels,9 bones,1 blanket, 1 lined bag,3 owls, 88 pyramids = total 420total spend £5.Total for 'Dogs for Good' £546.82

    2024:Sewn:59Doggy ds,52pyramids,18 bags,6spec cases,6lav.bags.
    Knits:6covers,4hats,10mitts,2 bootees.
    Crotchet:61angels, 229cards=453 £158.55profit!!!
    2025 3dduvets
  • 400ixl
    400ixl Posts: 4,482 Forumite
    1,000 Posts Third Anniversary Name Dropper
    There are lots of people who wake every day in retirement worried about how to pay the bill, how to feed themselves etc, sometime due to a spend it now attitude as who knows what the future holds. Well for them it was a like that went on for 20 or even 30 years longer than they had funds for.

    It is a balancing act and to say sod tomorrow you may be dead is very poor advice and irresponsible. Also saying only focus on the retirement is also poor. It is about finding the balance and erring on the side of caution that whilst you will be a long time dead, being a long time alive in poverty is not a life to live.

    Good luck to the OP who seems to have found the balance that works for them at the moment.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.6K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.3K Spending & Discounts
  • 243.6K Work, Benefits & Business
  • 598.3K Mortgages, Homes & Bills
  • 176.7K Life & Family
  • 256.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.