QLagoon - Health, wealth and happiness

Saving on Essentials

Regularly review your essential spending

Whether you are in work or in retirement there will be a range of essential spending which you have to finance on a regular basis. These items usually cannot be avoided but rarely contribute additional quality to your lifestyle or happiness because they are just “need to have” expenditure.

In the context of your financial plan the spending on these “essentials” are commodities for which you should aim to reduce and anchor spending to the minimum possible and review competitiveness on a regular basis.