Financial advice is often not customized for individuals who do not have children. Jay Zigmont, the founder of Childfree Wealth, suggests that childfree individuals might be focusing too much on saving money rather than enjoying it. He advises them to consider spending on themselves and helping others, maintaining a financial safety net, and planning for their long-term care.

Zigmont points out that traditional financial advice is typically geared towards individuals with children, which may not be relevant for those without offspring. Instead of following the common goal of leaving an inheritance for future generations, childfree individuals should prioritize improving their own well-being and maximizing their resources. Zigmont and his wife, for example, plan to leave their assets to their nephews, aiming to strike a balance between financial security and enjoying life.

Many of Zigmont's childfree clients have different retirement plans, opting to gradually reduce work rather than completely retiring. He emphasizes the importance of aligning saving and spending habits with personal goals, rather than accumulating wealth unnecessarily. By setting minimum spending goals instead of striving for maximum savings, individuals can achieve a balanced financial plan tailored to their preferences. Zigmont illustrates how breaking habits of excess saving can be challenging, as some clients continue to exhibit frugal behaviors despite significant wealth.