Clients are sometimes encouraged by their financial advisors to be overly frugal. While budgeting and saving are vital pieces of most any financial plan, sometimes we can lose sight of why we’re saving in the first place.
In its most simple form, Financial Planning involves creating short-term goals and planning strategies that will help us financially work towards and create the life we want to live. In the below article from MindBodyGreen, the author MeiMei Fox discusses the importance of keeping that end goal in mind when considering how you spend your hard earn savings.
In the wise words of Sir Francis Bacon, always remember:
“Money makes a great servant, but a poor master”
Disclaimer: This article is provided for general information and illustration purposes only. Nothing contained in the material constitutes tax or legal advice, a recommendation for purchase or sale of any security, or investment advisory services. I encourage you to consult a financial planner, accountant, and/or legal counsel for advice specific to your situation. Reproduction of this material is prohibited without written permission from Matthew Crum, and all rights are reserved. Read the full Disclaimer