No harm in taking stock of your financial situation from time to time. It is important to live now, at whatever level you can afford to do so. But it can also be good to keep an eye on the future and see if you’ll be able to do the things you want to, whether it’s buying a house, paying for college, being able to retire when you might want to, etc. If you won’t be able to meet the longer range goals, see what can you can change now to help make them happen.
That said, for most of us there will be many people better off than us and many others worse off than us. The important thing is to be comfortable with your current situation as well as your projected future one. It doesn’t really matter what everyone else is doing and the possessions they have.
Good luck to you!
That said, for most of us there will be many people better off than us and many others worse off than us. The important thing is to be comfortable with your current situation as well as your projected future one. It doesn’t really matter what everyone else is doing and the possessions they have.
Good luck to you!