Money Management: Award yourself and enjoy your life

Some people think that the purpose of savings is for better life in the future while others might think of enjoying your life at no time. What should we do then?

Life is short. We should then properly plan our future without foregoing our life enjoyment. How should we do then?

In fact, we should treat our life enjoyment as part of our financial planning. Therefore, I suggest allocating 2% to 5% of your take home income for this purpose. Please do note that that this allocation is not part of your regular 10% take home intake savings plan. With this allocation, you will be able to fulfill what you want. For example, you may save it for your overseas trip next year or to buy your dream HIFI. By doing so, you will be able to enjoy your life while you are working hard towards your financial goals.