Having a savings account lets you do some really amazing things, though. I quit my full-time job as of last Friday (although they retained me as a consultant f

Having a savings account lets you do some really amazing things, though. I quit my full-time job as of last Friday (although they retained me as a consultant for part-time remote work), and will spending the next year or two (a) focusing on my new company, and (b) traveling. Having the freedom to make that happen, especially when nearly everybody around me is burdened by debt, is incredibly valuable. I couldn't do this if I had spent all my money on 'enjoying' myself all the time. True, you shouldn't wall yourself off from the world, but at the same time, spending every penny you earn, when you earn it, is just folly.