Thursday, May 08, 2008

Money Confession: I Spend Whatever I Want

While this is probably true of most people you know, this is probably not something you would expect from a personal finance blogger. I sometime feel guilty about the fact that I spend whatever I want, but I have a secret. I have trained myself to be mostly content with what I have, so I don’t want a lot.

One idea that I have seen again and again is how people really value experiences, not things. I used to be the opposite. I used to think that I would much rather get a really cute sweater than go to a concert. But then I realized that of course I would rather get a cute sweater than go to a concert since I don’t like music that much! It wasn’t that concept that was wrong, but it was my points of comparison. Now I’ve realized that rather than spending money on a cute sweater, I would be much happier to spend that money on the experience of a nice vacation. I have trained my brain to not even want to cute sweater very much since I am pretty content with my closet.

Of course it helps to stay out of stores too. I have most of the clothes that I need to be happy, but one place where I have the desire to spend is on home furnishings. We have very few items in our home that was purchased new. Most of our items were hand me downs from family and friends with a few items purchased from craigslist. I would love to have a semi matching living room set or even a bed with a headboard. I realized that I’ve never owned a bed with a headboard or any kind of frame beyond the basic metal ones that come with the bed in my whole life. But when I go to the store and think about spending hundreds or even thousands of dollars on new furniture, my mind talks me out of it since it know that I would much rather spend my money on a lifetime adventure.

3 comments:

Anonymous said...

First of all, I love reading your bogg. Second, don't every think that you will never own a bed with a headboard. I thought the same thing about a dresser I wanted for my son's bedroom. He had one that was in pretty bad shape. I wanted to get another one but didn't want to spend a fortune. I waited! A friend of mine was having a garage sale. I told her I'll help her. She wanted to give me half of the profits. I told her absollutely not. Instead, she suprise me and gave me not one, not two but three dressers. (Free) She said if I wanted them they were mine. She didn't have any place for them in her new home. What a blessing! It might have taken me a while to get what I wanted but that was a chance I was willing to take.

Anonymous said...

First of all, I love reading your bog. Second, don't every think that you will never own a bed with a headboard. I thought the same thing about a dresser I wanted for my son's bedroom. He had one that was in pretty bad shape. I wanted to get another one but didn't want to spend a fortune. I waited! A friend of mine was having a garage sale. I told her I'll help her. She wanted to give me half of the profits. I told her absollutely not. Instead, she suprise me and gave me not one, not two but three dressers. She said if I wanted them they were mine. She didn't have any place for them in her new home. What a blessing! It might have taken me a while to get what I wanted but that was a chance I was willing to take.

Rachel @ Master Your Card said...

It sounds like you are very strong willed when it comes to buying things. When I am thinking about buying new things I always decide whether I woudl rather have the item or pay a bit more off my mortgage...the mortgage usually wins.