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  • Writer's pictureKel Galavan

Cupcakes, money, icing and freedom.

Life is finger-licking good if you balance it just right.


A lady smiling eating a cupcake
Image Credit to Dall-E

Welcome to "The Heart of Money," where emotional currency reigns supreme.


In the world of money, we are certainly not robots. We're not just crunching numbers and following algorithms, even though it sometimes feels like we should. We strive to fill sinking funds, reach goals, fund our retirement, and pay down debt. But thankfully, we are not robots, and from my perspective, at least, I hope we never will be.


We are something better, something far more interesting. We are complex, emotional creatures, and when it comes to money, our hearts almost always take the lead. We rarely part with our hard-earned money purely out of practicality. Instead, we spend because of the emotions we feel by having it, owning it, and experiencing it. Our flighty little hearts seem to win every time.


And you know what? This is good. This is important. It's the icing on the cake of life. And I mean the good icing—the rich, velvety stuff.


Money is Like a Cupcake

Think about cupcakes and buns. They're great on their own, but they truly come to life when they're decorated with care. Icing is wonderful, but on its own, it can be sickly and heavy. To make the perfect cupcake, you need both a solid foundation of a tried-and-tested batter recipe topped with lashings of dopamine-inducing sprinkles and buttercream to decorate how you feel in the moment.


Money is the same: you need solid financial foundations with a dollop of whatever brings you joy splashed on top.


My Money Cupcake

If anyone were to look at my banking transactions, they would see many good things, that's for sure. They'd see regular savings, investments, and bills all paid on time and sinking funds being topped up.


But they'd also see other spends: impulse clothes buy, extra creams, cosmetics, and jewellery that I certainly don't need. There would be takeaways, coffees, and a receipt for a wooden block stacking game I bought after seeing it through the window of a stationery store.


The Balance Between Needs and Wants

This is the balance we're talking about. The foundation of financial responsibility—savings, investments, bills paid on time—is crucial. But so is the icing on the cake. Those impulsive buys, the little luxuries, and the spontaneous splurges are what make life enjoyable.


Finding this balance isn't just about being financially sound; it's about being emotionally fulfilled. It's about recognising that money is a tool to enhance your life, not just to secure your future.


Why Balance Matters

When you strike this balance, you create a life that is both stable and exciting. You ensure that your future is taken care of while also enjoying the present. You don't deny yourself the joy of living today for the sake of tomorrow. Instead, you create a financial strategy that allows for both.


Practical Tips for Balancing Needs and Wants

  1. Budget for Joy: Include a category in your budget for fun and spontaneous purchases.

  2. Prioritise Savings: Make saving a non-negotiable part of your financial plan.

  3. Invest in Experiences: Spend money on experiences that create lasting memories.

  4. Reflect on Purchases: Before making an impulse buy, take a moment to reflect on whether it adds value to your life.

  5. Regularly Review: Periodically review your spending habits to ensure you're maintaining a healthy balance.


Final Thoughts

We are emotional creatures, and our spending reflects that. Embrace it. Understand that it's not about denying yourself or living in deprivation. It's about creating a balanced life where you can enjoy the present while securing your future.


So, the next time you find yourself tempted by an impulse buy or a little luxury, remember: it's okay to indulge. Just make sure your financial foundation is solid, and you'll be able to enjoy the sweet icing on your money cupcake without any guilt.

Here's to a balanced, fulfilling, and financially secure life!



P.S. Like this? Then you will love RISE Money. Join the thousands of others who quietly, diligently and purposefully read the FREE weekly newsletter and transform the trajectory of their money lives.

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