In good times, when the money is rolling and the paycheque is received on a regular basis, we tend to spend without a second thought. Be it a shopping spree at the mall, eating out at every meal or booking a pampering treatment at the spa, we just splurge without thinking twice.
However, with the shadow of a recession looming overhead, tightening the purse strings seems to be the prudent thing to do. We begin to question the things we have taken for granted. In uncertain times, it is even more imperative to keep a firmer handle on our dollars and cents.
That said, while saving for a rainy day is important, so does living a quality life that is both balanced and meaningful. Life is dynamic, which is why we also need to spend a little as part of a healthy existence. The question is how to do so wisely – and who better to ask than financial experts themselves?
Keep scrolling to find out what these financial gurus really spend and save on, be it in good times or bad.