Planning your finances is as important as earning. As you save and invest for heavy-ticket goals such as education, buying a house, retirement, etc., you can even plan for some of the more expensive discretionary expenses such as buying white goods and events of high personal importance such as marriage, anniversary or birthday celebrations, and graduation, among others. Of course, saving for any such spending comes only after you have fulfilled the immediate needs of adequate insurance and emergency funds or are well on the way. If there is any debt that you wish to retire, then that takes priority.