I am very lucky to have a chunk of disposable income every month. However, I want to invest and save most of it, because I recognize that disposable income can quickly disappear given the right circumstances.
My problem is a time old one, that I struggle with material desires, and how easy it is to treat it as play money.
Does anyone have any advice how to offset those impulses or otherwise make it easier in the moment to check myself?
Pay yourself first to keep your disposable low. (Define your saving goals and set up automatic saving into another sav account or TFSA/rsp or us alternative) run these transfers the same schedule as your paycheck.
Also, if you tend to spend fast and loose, you may want to Set an amount of time you must waitbefore you can buy the thing depending on cost.
I.e 2 days for a $500 purchase. If you still want it after 5 days, buy it.