While working out your Financial Plan along with your planner, you will be arriving at your savings based on your monthly inflows and outflows. It is my considered opinion that we should allocate a portion of our earnings for periodical entertainment. All of us will appreciate the proverb, 'All work and no play makes Jack a dull boy'.
In our 'simple and happy' approach to Personal Finance, we can start small and gradually keep improving. This is applicable for savings and investments also. If you try to take anything to the extreme, your consistency will suffer. So make sure to provide for periodical entertainment and enjoy the process of Financial Planning.
The periodicity of entertainment, the quantum of funds’ allocation and the exact mode of entertainment will vary from person to person. It may be a good idea to have a family decision on these so that everyone is kept happy to the optimum possible level.
In the meanwhile, one should not miss out on enjoying the costless luxuries that are available to us. In fact, the best way to be happy is to enjoy the costless luxuries of life. This is purely left to the choice of the individual. For example, the sunrise, the lovely breeze, the love of one’s mother, the innocent prank of a child, the grandeur of the rainbow etc., can be enjoyed without any cost.
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