Money Management Principle: Money Comfort Zone
Did you know that there is such thing as Money Comfort Zone?
This is the term I coined for the level of money that people are comfortable with to have. This is their limit. This is their container.
Any more money that flows in to your container overflows. That is you might be having a hard time saving or handling money.
When this container is empty or just half-full, then you tend fill it up or save up so you can feel secured again.
Watch this video as I talk about this concept in detail.