Spending vs saving: finding the balance between YOLO and future you

The great debate: are you a spender or a saver?
This question gets thrown around quite often, and it’s easy to lump yourself into a specific camp without really thinking about the drivers behind your behaviour. Most of us have a bit of both in us, and we’d argue that’s a good thing.
This episode is going to focus on those that find themselves on the spending side of the debate, and hopefully provide you with some strategies to bring a bit more balance to your financial life.
In this episode, Kate & Owen unpack the four main reasons why we spend money, with the goal of learning to spend your money with more intention.
TLDR: You’re going to spend money for many different reasons and that’s a big part of your financial life. But where you can, try to articulate why you are spending the money.
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DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.
Full individual disclosures for each guest are available via the show notes page. Owen, Kate and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.
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[@synczazo2046]

listening to yall on google podcast regularly LOVE THIS DISCUSSION! 🥰 following since 3+months

[@Coastpsych_fi99]

I’m think there’s a continuum of spending and saving rather than a binary. Compared to hard core spenders I’m a saver and compared to hardcore savers / frugal people I’m a spender. I would say I’m a macro / big picture thinker and hate details - I’ll automate paying myself first (savings, and investing - have an emergency buffer). But cutting back on small everyday things (coffee and food) and keeping an itemised budget is hard.

[@oliverclothesoff4142]

YOLO might shorten your life because of drinking and possibly drugs