How do you spend your money on what matters to you? Especially if you belong to the generation that was saved during those days of scarcity, and now has a stock to spend. Uma Shashikant, writing for ET, lists 5 points you can consider.
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what matters to you
Identify what matters to you and ask if you have allocated it the money it deserves. For example, if it’s travel, spend on tickets, reservations, accommodation, etc. to make sure it’s comfortable.
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If you have a hobby, you may not be serious about it unless you are willing to dedicate the time, energy, and resources to it. If it’s music, enroll in classes. If it’s photography, invest in a good camera and lens.
If there are expenses that you have postponed, and now you feel you have money to spend, bring them back on the table. Buy books you love to read, clothes and jewelery that you discarded during your savings days.
If there are expenses that will increase your comfort, consider allocating money to them. A comfy reading chair, flight ticket instead of train ticket or even a better quality bed or blanket.
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If you think you have more than you need, learn to give. There are many people who can use that money very meaningfully. If you have paid hospital bills, tuition fees or some simple things then you may have switched to another life.
