Examples of spending on the things you LOVE?
384 Comments- Get free updates of new posts here
I was reading this Reddit thread where people talk about their biggest discretionary expenses and it got me thinking.
It’s so rare to see that kind of honesty, where people talk about what they really enjoy, guilt-free. It’s very different than the finger-waving nagging you see from so many people who tell you what you CAN’T do.
You already know that I take a very different approach: Work hard, automate your financial goals, focus on Big Wins, disproportionate rewards, and spend your surplus on whatever you want! Guilt-free.
If that means paying off your parents’ debt, awesome. If you want to go out for $15 cocktails, I’m all for it. Or just buying the coat you’ve been eyeing for 2 years.
It’s funny that when I first started talking about conscious spending years ago — spending extravagantly on the things you love, and cutting mercilessly on the things you don’t — the responses were VERY mixed. So many internet commandos were used to telling you to cut back on everything, but threw their hands up saying, “That’s RIDICULOUS!” when given examples of $200 jeans or a weekend trip to Vegas.
For a lot of IWT readers, however, it resonated — the idea that as long as I’m hitting my financial goals (ideally automatically), I can take whatever I make and spend it guilt-free and unapologetically.
Oh, I like extremely weird habanero hot sauces that cost $14 each? GIMME 5!
So today, I thought it would be interesting to share our BIGGEST discretionary expense. No guilt. No shame. Just an interesting look into the spending patterns of people who are committed to living rich lives — whatever that means to you.
What’s your BIGGEST discretionary expense? Do you get any flak from the people around you? It’ll be fascinating to see what people say. Share your answer in the comments below.
Student loans are a big kick in the face that the real world has arrived. The average graduate has $28,...Read More