There's two sides to it though. It's wrong to skimp for the sake of fun/happiness, I'd never do that. However, if you have too much fun when you're young, you'll have no fun when you retire and have to rely on a state pension. That's the way I look at it. I like to find a happy medium so I can have moderate fun now as well as moderate fun when I retire. I know people who never save money. If they have £20 left over before payday, they'll go shopping so it's not wasted. They say stuff like "life's too short, I could get hit by a car tomorrow".