I've got a slight dilemma.
I'm 23 years old, working full time and saving 33% of my income. I live on about 33% of it (rent' food, bills, petrol, etc) and the rest I set aside the remaining 33% for a mix of longer term bills (car repairs, dentist, doctor, etc) and spending (sports, movies, weekends away, etc)
However, this really doesn't leave enough wriggle room for me to set aside money for bigger ticket spending items, such as a new sports gear (that is a mix of need and want) and a Contiki that I've been wanting to do for the last couple of years.
I really enjoy saving, getting ahead and investing and seeing my money grow.
However, I seem to be depriving myself of the fun times and resist spending money on my passions that I really enjoy for the sake of seeing my bank balance and share trading accounts growing.
How do you find the balance between the two? I don't want to be at one extreme and live a life of luxury and spend all I earn and then spend more. But I don't want to be on the other side of the coin and be a cheap penny pincher either.
I don't want to miss out on the fun times in my early 20's because I didn't want to spend money, but then I don't want to look back when I'm 30 and wish I had saved more so I could live in a better house or have more money and let compounding do it's thing over time too.