Complete your personal budget of gross monthly income and gross monthly expenses. You will find this an eye opener and it will reveal two important things; what you feel bad about and what you feel good about with your spending! You want to get to a point in your life that you feel good about all your spending and that includes your savings and giving! And just for the record, savings IS future spending!
Use a three bucket strategy with your monthly savings and a Cash Flow Timeline through your life expectancy.
"Live” with 80% of your monthly income.
“Save” with 10% of your monthly income.
“Give” with 10% of your monthly income.
Click on the image to read my Lifehack article on spending and savings below.