this post was submitted on 14 Dec 2024
831 points (98.5% liked)

Asklemmy

44143 readers
1525 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy ๐Ÿ”

If your post meets the following criteria, it's welcome here!

  1. Open-ended question
  2. Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
  3. Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
  4. Not ad nauseam inducing: please make sure it is a question that would be new to most members
  5. An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[โ€“] SuperApples@lemmy.world 6 points 1 week ago

Many people saying 'live for the now', which is totally valid, but there's an alternative as well, which is the path I followed - devise a concrete economic plan for your life (5 year plan, 3 year plan, etc), and track ALL your spending until you have a strong grasp on how you like to spend your cash.

It's hard to make more money, so do everything you can to reduce spending in your life. No only will you increase how much can put away, but you'll need less to sustain yourself when you reduce how much you earn, due to the cultivation of a spendthrift life.