Chapter 1: The Balance of Financial Responsibility and Enjoyment

In today’s world, we all recognize the necessity of managing our finances wisely—paying bills, saving for the future, and making investments for long-term success. Yet, what about the now? What about those moments of joy that make life truly enjoyable?

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To address this, I have introduced a budget category termed “do what you want” money. This segment is just as crucial to me as my regular expenses. It isn’t about frivolous spending; instead, it’s a dedicated fund for pursuits that ignite my passion and happiness.

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I utilize my “do what you want” funds for various experiences, whether it’s a spontaneous weekend trip, contributing to my favorite charity, attending a concert, or treating myself to that exciting gadget I’ve been eyeing.

For many years, my financial planning was heavily focused on bills, savings, and investments, which brought a sense of security, yet I felt something was missing. Life is not solely about obligations; it also needs those moments of joy that truly enhance our lives.

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I came to realize that I must allow myself to enjoy little luxuries, regardless of their size. It’s not about being irresponsible; it’s about understanding that true financial wellness encompasses both long-term stability and present happiness.

Now, every time I indulge in a “do what you want” purchase, I feel an overwhelming sense of joy.

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One memorable experience was when I spent some of my “do what you want” money to embark on an impromptu hike with friends. The laughter, stunning views, and the sense of camaraderie made that day truly priceless.

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This practice isn’t selfish, either. Sharing this “do what you want” fund can be equally gratifying.

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For instance, donating to a cause dear to me, treating a friend to coffee, or purchasing a thoughtful gift for someone special can bring immense satisfaction.

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This raises an important question:

Do you allocate funds for “do what you want” experiences? If not, it might be time to give it a shot. Start modestly, perhaps setting aside a small amount from each paycheck.

Then, explore what sparks your creativity and uplifts your spirit. You may be surprised by the positive impact it has on your overall well-being.

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While achieving financial security is essential, experiencing life to its fullest is equally important. Strive for that equilibrium where both your present and future can flourish.

Chapter 2: Insights from Financial Experts

In this video, Scott Rick explores whether you identify as a tightwad or spendthrift, shedding light on our spending habits and their implications.

In this episode, a Cornell happiness expert discusses whether money can genuinely buy happiness, providing thought-provoking insights on the relationship between wealth and well-being.