Hey bitches!
I have a bit of an odd question. So much financial advice out there is all about saving and investing, which is great, except... you're left feeling like spending any money at all except on what you absolutely need is frivolous and something to be ashamed of. I guess my question is how do you maintain a good relationship with money and good financial habits without falling into the trap of feeling guilty for buying things that make you happy, like a croissant on your walk or a dress you've had your eye on for months or on this hobby you adore? Isn't that part of a good relationship with money, knowing when it's OK to spend it aside from on the necessities? Because so many financial advice pages shame that kind of spending and advise cutting it out to save money, which yeah, if you're being irresponsible about it. But if it's within your means and it makes you happy, what's the harm such "silly" purchases now and then?
Child… we LOVE this question.
What you’re describing is financial guilt, or a scarcity mentality. And it’s something we write about a lot. Because OF COURSE you should use your money to brighten the dark hellscape that is daily life in our modern world. That’s what it’s FOR! But some folks don’t know where to draw the line between “frivolous spending” and “an occasional treat to make life bearable.”
So we’ve written some guidance here:
The Latte Factor, Poor Shaming, and Economic Compassion
Ask the Bitches: How Can I Absolve Myself of Financial Guilt Over My Pricey PS4?
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