January is a hard month, making it more tempting than ever to indulge come payday. But how much should you budget for discretionary spending?
Everyone deserves to spend their hard-earned cash on something nice, but how much is too much? Photo: Getty.
Once the mortgage and utility bills are sorted, food is on the table, kids’ activities are covered and the car loan is paid each month, it’s OK to spend some money on a new coat, right?
But how much exactly? Money experts weigh in on what they believe is the right amount of splashing out each month – and you might be surprised to learn that many believe life is for living as well as for being sensible.