Money should be spent. Period. And yes, that did just come out of my frugal-loving mouth.
But I differ from those who can't resist the impulse buy. You see, I consciously choose what to spend my money on – a.k.a what's important to me.
As a result, I end up saving in areas I don't care so much about, so I can go and spend it on the things I love.
Breaking the no-spend habit
I think it's perfectly OK to save money. In fact, that's what Creative Savings is all about!
But when we save just to save, we run the risk of becoming a miser, or even worse, a hoarder of our money. Our savings accounts do grow, but what's the point of saving without having a purpose to doing so?
Money can help you reach your financial goals, and it can also help you save up for a long awaited vacation. It just depends on how you want to save and spend your cash.
However, the key is to actually use it at some point. Don't get so wrapped up in saving every single penny, that you forget it's OK to spend a little too!
Think about what is important to you, and what is not
We tend to buy a lot of things in the day-to-day. A package of Oreos at the grocery store, a cute top at Kohl's, a new book that a friend recommended…..how much do you really think about each of those purchases?
If you're like most Americans, not too much. It's easy to spend without thinking. But what if you could save on the items that you don't really care about, so you can spend it on what you do?
It's really not that hard.
Every time you pick something up at the store, look at it and remind yourself of what's important to you, and if buying this product helps you reach your goals.
If it's something you really need, see if there is cheaper, more frugal option out there. Maybe you can borrow, buy it used, or make your own!
It can be as complex as crossing an item off your bucket list, or as simple as a latte versus a new book. It really depends on your personality, and again, what's important to you.
Your priority might not be someone else's, and that's OK
Traveling is one of the places my husband and I love to spend money. I'd gladly give up a new outfit, tighten up the grocery budget, or live with one car, just so we can take a vacation every year.
Someone who doesn't care for travel, might not understand our desire to spend money on plane tickets, fancy hotel rooms, or destination activities. They might, however, want to fix up their master bathroom and turn it into a spa-like atmosphere so they can relax at home.
Each one of us will choose to consciously spend our money in different places. <– Click to Tweet. We're not spending money for each other, we're spending it for ourselves. Aren't you glad?
It's pretty much impossible to afford everything, and if you can, you're either faking it, or illegally obtaining it. So make sure the money you do spend, is spent according to your priorities and your desires.
You'll be a lot happier in life if you do.
What sort of things are important to you, spending-wise?