And no one wants to run out of life not having enjoyed it.Sconie wrote:As other posters have said, "Balance" it is!
I suspect that the "bottom line" is that none of us wants to run out of money before we run out of life.
Saving for the future does not and should not mean live a cheap as possible. It means save enough to meet your future goals. Realistically you set a reasonable savings rate (somewhere between 15-30% works for most people depending on desired career lengths, pensions, overall pay, ....) and then spend the rest if there are things that will make you happy. No you will not have as big of pile of money as the people that save 50% but at some point who cares. Giving up 30 years of spending to retire at 50 instead of 60 might not be worth it to you. And you occasionally have to make adjustments as life happens (poor returns, great returns, maybe you get a big raise and don't having anything that is worth buying,..)