Is it wiser to invest in luxuries and experiences than saving and securing your financial future?

Tweet

Personal finance is an important aspect for all. We need to have our budgets and financial goals. Good personal financial habits would help to tackle emergency situations and also lays the foundation for financial independence. It helps in removing stress at least related to money. Recently I had a conversation with a friend who argued for investing in experiences and luxuries. According to him, experiences and luxuries bring joy and comfort to life and in greater proportions. Life is short and unpredictable, and the memories and experiences bring in happiness. His point what is the point of enjoying the life after the primes of your life. My point is we need financial security. While corporate jobs are not safe and with focus on multiple incomes have become a reality, we should be having incomes to handle our financial situation and continue life without money related stress. Without sufficient savings or investments, there could be financial strain in later point of life. Although I am not for extreme frugal living, we do have challenges with rising costs with food, housing and medicines. So, do you believe it is wiser to have luxuries and experiences or save and secure our financial future?