Find the balance and get life right

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'Enough is as good as a feast’ is an old British proverb, but the Scandinavians have taken this concept to a whole new level with their philosophy of ’lagom’. Translating roughly as ‘moderation in all things’, living lagom and doing nothing in excess is a way of life that’s catching on.

IKEA has a series of videos from dozens of consumers about the concept of lagom, advising on everything from growing your own food to healthy living if you want to take lagom a bit more seriously.

The concept has reached the UK now and, unlike many other fads, is much more sustainable.

The philosophy can be applied your whole life. For instance, you could aim for a work-life balance – making sure there is plenty of rest and time with loved ones during the working week.

Looking at the bigger picture, you can ask yourself, are you using sustainable amounts of energy and water? What about cooking more at home? Perhaps try some Scandinavian dishes with simple ingredients and fewer cholesterol-raising sauces - you can easily put the leftovers in the freezer and save on cooking time and budget. For some more helpful tips on living sustainably, take a look at our infographic.

Can lagom be applied to your finances?

Are there any spends in the last sixty days that you regret? Are there some you just don’t remember? Chances are, there are a few nonessentials that feature and could be cut down on. Simple changes can make a big difference.

And the concept can be extended to family finances, too. A simple life could mean fewer unexpected bills and a chance of reducing debts. It also means there could be more money for saving, for instance, pensions and ISAs.

At first, a new way of life might be difficult but after a couple of months, it will become automatic. You won’t even miss your old ways. Experts say it takes 66 days to bed down a new habit.

Why not make lagom your new habit?

You’d be surprised how a few changes in lifestyle habits can make all the difference. After all, who wouldn’t want a sustainable future and a more secure retirement? Whatever your retirement goals, it’s crucial to start saving. Putting aside money isn’t always easy but it’s essential to achieving financial security for your future.

Could moderation in all things or ‘living lagom’ lead to happier, healthier and wealthier life?