this post was submitted on 16 Aug 2023
21 points (95.7% liked)

Personal Finance

3819 readers
1 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago
MODERATORS
WandererLagomorph799@lemmy.ml
nieceandtows@programming.dev
nieceandtows@lemmy.ml
21
How to curb unnecessary consumer impulses? (lemmy.sdf.org)
submitted 1 year ago by wesker@lemmy.sdf.org to c/personalfinance@lemmy.ml
12 comments fedilink hide all child comments
 

I am very lucky to have a chunk of disposable income every month. However, I want to invest and save most of it, because I recognize that disposable income can quickly disappear given the right circumstances.

My problem is a time old one, that I struggle with material desires, and how easy it is to treat it as play money.

Does anyone have any advice how to offset those impulses or otherwise make it easier in the moment to check myself?

you are viewing a single comment's thread
view the rest of the comments
[–] shiveyarbles@beehaw.org 2 points 1 year ago

Generally buy quality stuff that lasts. Stuff that really costs money that you need are housing and car. You square that away, max out your 401k and save as much as you can. That's been my mo, basically everything in the s&p 500... Both retirement and post tax contributions.