Breaking Your Personal Rules on Money
Almost everyone has a personal rule when it comes to money. This rule is to guard one from spending too much and end up with a pile of debts. Having a personal rule about your finances is definitely very admirable, but sometimes there are situations where you end up having to break rules just to be able to live comfortably.
For instance, it is okay to save a portion of your yearly income as this will definitely help you live more comfortably by the time you are 60 and are ready for retirement. It would be ideal if you can set aside at least 15% of your annual income in order to accumulate astronomical savings.
But, are you presently living like you are penniless just to be able to save that kind of money for your future? That does not seem like a wise decision and maybe it would be time to break that personal rule. You still need to save money, as it is very important to do so. What you can do is lower the amount that you set aside for savings and increase the amount set aside for living expenses. In that way, you will still have your retirement/emergency fund and be able to live comfortably in the present.
Personal rules are an important part of a person’s financial stability. While it is okay to bend or break some of these rules in certain situations, it would not be a good idea to eliminate them, as that could lead to a financial disaster.
