Avoid comparing your finances to others
Sometimes clients ask me how what they’re spending compares to what other people spend. I usually tell clients that comparisons are not very useful. What you spend is only important if it is going towards what is important to you. If you choose to spend $100 a month on coffee, that’s fine as long as it is an intentional decision that takes into account your other goals too. On the other hand, if your goal is to save for retirement and you’re way behind on saving for that goal, then spending $100 a month on coffee may not be a good decision for you. It may be intentional, but you’re telling yourself a lie that retirement is important.
So don’t worry about what others are spending or saving or how they other person is investing. Know what’s important to you from a personal standpoint and do that.