Financial wellness is about finding a balance between managing your budget effectively and still being able to enjoy some of life's luxuries. One way to achieve this balance is by creating a detailed budget that allocates funds for both essential expenses and discretionary spending. For example, you can prioritize necessary expenses such as rent, groceries, and utilities, while also setting aside a portion of your income for activities or items that bring you joy, like dining out, travel, or hobbies.

Another strategy is to look for ways to save money on essential expenses, which can free up more funds for discretionary spending. This could involve negotiating lower rates for services, using coupons or cashback offers when shopping, or finding more affordable alternatives for certain products or activities.

References:

• Forbes article on budgeting for luxuries: Budgeting for Luxuries
• MoneySavingExpert guide to saving on essential expenses: Money Saving Expert