In our free-spending society, it’s tough for some to fathom the concept of saving so much that it hurts, but it’s possible to place frugality on such a pedestal that necessities are sacrificed.
Business Insider recommends striking a balance between financial responsibility and the ability to enjoy life. The post pokes holes in the concept of giving up current dreams to gather up a massive retirement nest egg, just for the sake of that nest egg.
While you’ll need enough to last you the rest of your life, keep in mind that you may be so old that you won’t be able to enjoy the money like you could when you were young. The mindset that you should sacrifice in order to pass on an inheritance seems sad and twisted.
It’s easy to go from one end of the spectrum to the other, but tougher to find the happy medium that will allow you to get the most out of your income while safeguarding your future.
Yes, There Is Such A Thing As Saving Too Much Money [Business Insider]