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Tagged With "spending"

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Re: Saving money

MiniPantherMom ·
The Every Dollar app is also a great budget app! Very easy to figure out, and you can add customized budget categories and it tells you when you’ve gone over your budget.
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Re: Saving money

Zara Zoey ·
Pretty much a success story of saving money. It's been months I have been saving to solo backpack to Europe. The mantra other than an intensive scrutiny of budgeting is to see what really matters and what seems like a excessive junk!
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Saving money

Med007 ·
The first step to saving money is to figure out how much you spend. Keep track of all your expenses—that means every coffee, household item and cash tip. Once you have your data, organize the numbers by categories, such as gas, groceries and mortgage, and total each amount. Consider using your credit card or bank statements to help you with this. Bank of America clients can use the Spending & Budgeting tool , which automatically categorizes your transactions for easier budgeting in the...
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Re: Do you ever feel guilt or shame about spending money on fun or nice to haves?

Moore Income ·
I think we all go through this "buyers remorse" when buying certain things. I personally try to spend less on "stuff" and more on experiences which tend to bring more long term satisfaction. But my wife and I do give ourselves a small monthly "allowance" that can be spent on whatever we want, no questions asked. That way, we don't have to feel bad about spending that money.
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Re: Do you ever feel guilt or shame about spending money on fun or nice to haves?

KellyFromKeene ·
Yes, I do. but I think that comes from having JUST enough for quite some time, and now that I have some money for extra, I still want to hoard it. And kids... My money tends to go towards the kids. I have been wanting a paddleboard for years. I love the water, used to love to surf, love to kayak, and have tried paddleboarding and loved it. Well, Saturday I bought one- a decent but inexpensive one- and vacillate between joy over it and kicking myself for spending the money on it. Logically I...
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Re: Do you ever feel guilt or shame about spending money on fun or nice to haves?

sthom ·
Well, you've got me there. Like some of you, I definitely believe experiences are well worth it and where I prefer to spend when I can--travel in particular. On the other hand, during the whole COVID experience, I was treating myself with mail order buys, not expensive, but pretty regularly. Of course, these funds could have gone toward debt or one of the savings accounts, but they didn't and I really don't feel bad about it even now. You see I felt that as long as I always saved first, and...
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Do you ever feel guilt or shame about spending money on fun or nice to haves?

Maryann ·
I was curious if anyone else feels guilt or a sense of shame when spending money on a nice to have, "fun" experience or thing? I see this come up in some of my circles where money is spent but then after the initial high of the new thing wears off, there is a lingering sense of guilt as one wonders if that money could have been spent better elsewhere. I know we're all financially-minded here, so I'd be curious to get your take. Do you feel guilt or shame about spending money on fun things?
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Re: Do you ever feel guilt or shame about spending money on fun or nice to haves?

Dear Penny ·
I just took my first vacation since the pandemic began. I spent a little more than I planned to, but I really don't regret it. Between full-time work and side hustles, I can't remember the last time I actually let myself take time off. Since I let myself recharge, I've been way better about spending over the past week. I haven't gotten takeout or done any mindless Amazon shopping.
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Re: Do you ever feel guilt or shame about spending money on fun or nice to haves?

Maryann ·
Love the monthly allowance strategy, @Moore Income ! @KellyFromKeene Glad you got that paddle board! Time for play or exploring interests is equally as important especially in financial journeys that too often feel arduous and exhausting. @sthom Thanks for the savings strategy!
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Re: Do you ever feel guilt or shame about spending money on fun or nice to haves?

Dear Penny ·
@KellyFromKeene I'm glad you bought yourself the paddleboard. Have fun out there!
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Re: Do you ever feel guilt or shame about spending money on fun or nice to haves?

mintjulep ·
As an adult I've never been able to treat myself to much, I wouldn't call it shame or guilt.......more like fear that I'll not have enough money to live out my life. Interestingly, the pandemic has relieved some of that pressure. The first thing we did when we felt safe was take a 14 day road trip, visiting family along the way to destinations that were fun. I treated myself to lots of local artwork that strongly represented the areas we visited. We stayed in hotels that were convenient and...
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Re: Do you ever feel guilt or shame about spending money on fun or nice to haves?

Linda A ·
@mintjulep , I'm new to this site. I really want to tell you to truly enjoy the time that you have during your early retirement. You won't regret it! I retired 5 years ago and spent that time with my husband. He was a homebody and we never did the traveling that we wanted to do. Sadly, I unexpectedly lost my husband in January. Although I really enjoyed spending the time with him at home, I have considerable sadness that we never did the fun things we had always talked about. Best wishes!
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Re: Do you ever feel guilt or shame about spending money on fun or nice to haves?

mintjulep ·
@Linda A I'm so sorry you lost your husband, and sorry you feel some regrets about not doing more things together.....we are seeing that happen often around us we age together with our friends and other family. It's one reason we both retired earlier than we probably had to. We sat down and discussed our ability to keep working which is easy for us. But I hit my 70's and my other 1/2 is right behind me and we want to do things while we are physically able to do so. Minor age related problems...
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