One Size Does Not Fit All
Another notable thing to know on your path to financial fulfillment is that what you do with your money won’t look like everyone else — and that’s okay.
“It’s okay to want something else when it comes to your finances,” Love said. “It’s okay if [your] spending doesn’t look like other people’s. It’s okay if [your] financial goals are not the same as everyone else’s.”
For instance, maybe you prefer to spend money on multiple vacations each year rather than to save for a down payment on a house, because traveling is more important to you than homeownership. Or perhaps you’re more interested in pursuing a college degree at age 50 so you can change careers instead of focusing on climbing the ladder at your current company.
Love said you’ll be more successful creating your own plan for your money rather than following a “one-size-fits-all” approach to personal finance. Figure out what you want for yourself in order to take control of your financial life.
“This is a journey of self-discovery,” she said, “not a journey of the numbers.”
Nicole Dow is a senior writer at The Penny Hoarder.
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Source: thepennyhoarder.com