One of the most common questions people face today in the area of personal finances is whether it is better to enjoy your money today, or save for tomorrow.  It often feels like the experts are suggesting that you must choose one or the other and that there is no compromise.

However, this is not actually true and if you manage your money correctly and take advantage of high interest savings accounts and 0% deals on credit cards then you can do both.

So the idea that the two ways of living are mutually exclusive is not accurate. You can enjoy life and still put money into savings so that you build a safety net for the future.

After all, you have worked hard for your wage. Once the essentials of life have been paid, such as bills, you want to get some enjoyment from your money.

That is why at the end of the month, every restaurant and bar in the city is much busier than during the month. People have been paid and want to have a little fun!

On the other hand, when you put your hard earned money into some form of savings account, you will experience delayed gratification and reap the benefits in the future.

When you are in your 20s, 30s and even 40s, it can be hard to imagine life beyond work. You are busy juggling a job with raising a family and travelling.

The future probably seems very far away. If you don’t begin saving, however, when the future does arrive, you may be wishing you had been a saver as well as a spender.

Ask anyone who is retired how quickly time has passed if you need proof. When you retire without adequate savings, then the fun you had before will be a distant memory.

No-one wants to struggle in later life. We also live in a world that will continue to have uncertain economic times. There is no guarantee of employment anymore and health costs and school fees mount up.

If you have savings, you build security. You can be better prepared should any unfortunate circumstance arise. A road accident, a serious illness or the loss of a job can have financial implications.

The Huffington Post reported that the number of foreclosures in the United States was predicted to be around one million in 2010. It would not be a surprise if it were more.

Circumstance can change so quickly, it catches people by surprise. The knowledge that you have savings to rely on can give you a peace of mind that is so valuable. Using an international money transfer can help you take advantage of any overseas stocks, shares or income that you may possess.

With some sensible budgeting you can still enjoy today and build your nest egg for any future occasions, including happy ones! Perhaps your children’s graduation or wedding in decades to come?

Why not take a look at your finances and think carefully about how to divide your money? Research your options, arrange your international money transfer and create a fun present and a fabulous future.

This is a Guest Post from Les