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Spending vs saving: finding the balance between YOLO and future you

Australian Finance Podcast

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Spending Money Is a Good Thing

A lot of people spend emotionally justified logically. We justify things that we've actually bought emotionally because of wants and then we try to turn it into a need. And so understanding the difference between those two is where you get to the bottom of that kind of internal friction that you have. If you don't really care for having a big house with a lot of room, you might be able to spend a bit less. You want to spend more money on the things that bring you joy in the other list.

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