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Spend vs. Save

Should you spend or save?

NatalieWaller
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Spend vs. Save

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  1. Spending vs Saving

  2. 2 When to spend? There are no basic rules to state as to when to spend. It depends. However, it is very important to have a good spending decision by prioritizing your expenses.

  3. 3 When to save? Saving is the key for financial well being. Saving should be done while earning. Every savings matter for future expenses. Therefore, it is important to spending less than what you earn and saving for future spending.

  4. 4 Spending plan (budget) ▸ A budget helps you to prioritize your expenses. ▸ Helps to identify your savings that can be used for emergency fund and your net worth ▸ Help you to be financially stable

  5. 5 Spending plan (budget) continued.. The rule is simple 50%- Fixed expenses such as rent, electrivity, mortgage. 20%- Savings 30% or less- Spending for your wants.

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