Planning for life is not just about planning for your retirement years. Vacation and leisure time during your working years, however way you spend it, is also an important part of living a balanced life. Most will admit that they don’t take enough time to spend with family, friends and loved ones due to the pressure and commitments of work and everyday life. Nonetheless, the way you plan or don’t plan for leisure expenses can mean the difference between comfortably accommodating the cost of leisure within the context of your overall life/financial plan or the stressful experience of accumulating more and more credit card debt from reactively spending more than you have available or knew you could afford.
When planned for properly, your well deserved leisure time doesn’t have to be financially stressful. A well structured investment plan set aside specifically for your leisure plans can be organized, quantified and prioritized within the relative importance of your other life plans and financial objectives. This will help you comfortably accommodate and save for the anticipated cost of leisure.