In collaboration with Archimedia Accounts

At Archimedia Accounts, we specialise in helping people and businesses make the most of their money, legally and safely, so they can enjoy life without financial stress.

When it comes to money, many of us feel stuck between two extremes – either you’re saving every penny and missing out on life, or you’re enjoying yourself but feeling guilty about not saving enough.

The good news? You don’t have to choose! With a few simple changes, you can make your money work harder for you – without giving up holidays, treats, or the little luxuries that bring you joy.

Here’s how to strike the perfect balance between financial wellbeing and enjoying life.

1. Try the 50/30/20 Budgeting Rule

This popular budgeting method is simple but surprisingly effective. It works like this:

• 50% of your income goes to essentials – things like rent or mortgage, bills, and groceries.
• 30% of your income is allocated for “wants”- everything from eating out and hobbies to holidays and shopping.
• 20% of your income goes toward savings or paying off debt.

This flexible approach ensures you’re saving regularly while still enjoying your life along the way.

2. Plan for Holidays and Treats

It’s easy to let big purchases creep up unexpectedly—but by planning, you can enjoy holidays and treats guilt-free.

Create a separate “fun” savings pot just for things like family trips, birthday celebrations, or that handbag you’ve been eyeing. By setting aside a little each month, you’ll avoid dipping into your emergency savings or going into debt when it’s time to spend.

3. Plan for Big Purchases in Advance

Whether it’s a new car, a kitchen renovation, or an expensive gadget, large purchases often derail budgets.

Rather than reaching for a credit card, create a savings goal specifically for those bigger spends. Many banking apps now let you create “pots” or savings goals to help you stay on track.