Should I spend or should I save? I see that question all the time, whether it’s about what to do with a tax refund or what to do with some extra money from a paycheck. It’s good to keep in mind that spending or saving money does not have to be an either or option. You can make planned purchases while still meeting savings goals. It’s a matter of sitting down and figuring out what your overall goals are and the steps you’ll need to take to achieve them.