A consumer uses a Discover card in Madison, Miss., Thursday, July 1, 2021. In 2021, dedicate a financial account to goods, services and activities that bring you joy. Perhaps this fund would cover monthly massages or weekly smoothies, or it could be used to save up for a vacation.
You probably know to plan and save for the big and boring expenses, aka financial needs. But what about the fun stuff? Expenses that don’t put a roof over your head, but do provide joy, rejuvenation and other hard-to-quantify benefits are worth saving for, too.
In fact, they deserve their own account, says Delia Fernandez, a Los Alamitos, California-based certified financial planner.
“Figure out what keeps you going, what makes all of this worthwhile to you, and put money aside to make that happen,” she says.
WHAT KINDS OF EXPENSES ARE WE TALKING ABOUT?
When it comes to feel-good expenses, each person has their own preferences, says Aja Evans, a New York-based financial therapist and licensed mental health counselor. For example, some people would find an intense cycling class to be energizing and confidence-boosting. Others would rather do pretty much anything else.
Consider which goods, services and activities typically bring you joy. Yes, your budget will determine what, exactly, you can afford. But, for now, reflect. Fernandez asks: “What’s going to get you through these times? And what makes your life valuable? What refreshes you; what inspires you?”
A few ideas: services like massages; goods like fresh flowers; activities like vacations and date nights.
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