QUOTE(MegaCanonF @ Jan 22 2025, 10:57 AM)
Too frugal is not good oso. I understand your wife POV.
You are only in your 30's once. Yes, saving is important, but you also need to allocate some of your current money to have a bit of fun. You will not get back the time and energy today.
That is why I sign up for all the A races and travel to my preferred place before I get old or busy with kids , having no regrets.
What use for the saved up money if you are already old age when your body are not cooperating anymore.
The tricky part though is balancing , not too much YOLO but not too frugal. This however needs discussion with your wife and managing expectations.
Dif ppl have dif expenses and risk appetites
Some may think they need 2-4M to safely retire, while others may settle for just 200-400k.
What’s important is to sit down and properly plan for how much you’ll need when you retired.
Though one thing Im kind of unorthodox on, which is freshie’s expenses. There’s really not much point to save mere RM200-400 when you're freshies. It don’t bring much to the table. What’s more important is to monitor and advance your career growth quickly/steadily.
This post has been edited by msacras: Jan 22 2025, 01:05 PM