Focus on What You Like and Get Rid of Everything You Don’t Want
Once you start cutting back on spending to improve your budget, anything you can spend your money on starts to feel guilty. Instead of cutting back on every luxury, focus on a few that you really enjoy.
As the personal finance blog I’ll Teach You To Be Rich notes, not all luxury purchases are created equal. What may be a frivolous waste of money for one person can be a lifelong investment that will make life better for someone else. By focusing your spending on the little things that make you the happiest, you can get the most out of your money:
If you can afford it and want it, there is nothing wrong with treating yourself from time to time. This is one of the reasons I have always said that you should ruthlessly cut back on what you don’t care about, and – it’s almost IMPORTANT – spend wastefully on what you like.
The trick here is not to spend more, but to maximize the value of the things you buy. Which would you prefer? Twenty-five cups of coffee for $ 4 or a pair of boots for $ 100 will last for a long time. Would you prefer a prettier car with a higher monthly pay or a slightly lousy one but still have a good vacation? Everyone will have their own answer, so the dollar value of an item does not necessarily reflect the personal value of that item.
Inside the secret world of luxury | I’ll Teach You To Be Rich Through Rockstar Finance