Make sure you only buy things that are essential to your life or for true happiness. Remember that when you spend, your money pays for their vacation, not yours.
Think about that for a minute. You buy two large pizzas for £25 and that is a fair exchange. You receive two large pizzas with toppings of your choice and they receive the payment they wanted. However, think one level deeper.
When you buy the pizzas, your bank account goes down and their bank account goes up. You have less cash for your vacation and they have more cash for theirs.
Quit giving your money to everyone else so they can have your vacation.
You could buy two large pizzas at the shops for £10. Then put the £15 of saved money into two other accounts. The first £7.50 could go into your vacation fund. The other £7.50 could go into your long term strategic investment fund.
You get to eat the pizzas and you build up your vacation and investment fund accounts. Sure the pizzas may not be quite as delicious from the fridge. And there would be some effort in cooking them. However, you would still have the nutrients and additional funds in your core accounts.
From one simple example, you would have almost £800 across your accounts in one year.
When you’re about to spend, remember, your money pays for their vacation.
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