This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
Let’s discuss
We all have something we don’t mind spending some cash on.
So is one area of spending worse than the other?
It depends.
If you have an excess amount of money left over each month and are on track with your investing, are you throwing away money?
No.
There is a balance between investing, saving, paying your expenses, and spending. If you’re managing your money responsibly, why not live a little and enjoy the things you prioritize most?
Some people never do anything because they’re trying to hit a specific number; they don’t realize time is passing, and they’re missing out on memories.
You don’t have to wait until you’re older and reach x number in your investment accounts to start living.
Here’s When You SHOULD NOT Spend Extra Cash On Your Fav Stuff
You’re behind on your bills.
You don’t have an emergency fund in place.
You’re in significant personal or credit card debt.
You’re behind on your investing and savings goals.
You don’t know how much income is coming in and heading out.
These basic rules ensure you’re effectively making the best decisions for your present and future money situation.
The Price Of Living In The Moment
There is a line that many tread heavily. You want to live in the moment but also struggle financially.
Living in the moment has a price tag that comes with it. Though you should always enjoy yourself, your future wealth situation should not be sacrificed.
Some people are so focused on living in the moment that they sacrifice their financial futures.
It’s all about balance, which is a perfect segue.
Practice Balance
I enjoy eating out, and I also enjoy eating in. Mostly, I will eat in because it’s healthier. However, if I’m in the mood to eat out, I likely will – unless I choose not to for health reasons.
Boundaries Are Incredibly Powerful
If you’re missing the mark on some of your financial goals and want to go out, eat out, travel, or buy a nice bottle of wine, figure out a way to do it without hurting yourself financially.
If you can’t determine how to embark on your adventures without a financial hit, then learn to wait.
Americans are obsessed with having what they want now. Delayed gratification is an art since financing came into the picture. But financing and not delaying your purchases comes at a cost.
Healthy boundaries with your money will save you considerable financial anxiety and stress. Furthermore, it will assist you in staying on track with your goals.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.