CoolInvestigator t1_j5jfotu wrote on January 23, 2023 at 1:03 PM

Reply to comment by humvee911 in LPT: A good financial habit to get into is treating money as hours of work. Ask yourself how many hours of work something would take if you buy it. The awareness of the amount of time you put into purchases helps reduce compulsive spending. by humvee911

Struggling with loneliness I'd rather spend money eating at a restaurant even with strangers than alone. I am guilty of the lifestyle creep. I got ski lessons this year for the first time in my life. I can barely afford them but I justify it that I will be able to socialize doing something exciting.

Tavron t1_j5jii25 wrote on January 23, 2023 at 1:29 PM

While I think what OP posted is sound advice, it can also go too far.

You never know how life will pan out and saving all of your money at expense of living your life is bad too.

bellYllub t1_j5luiey wrote on January 23, 2023 at 10:38 PM

Yep, my husband and I both have medical issues that almost guarantee that we won’t make “old bones”.

We save for our future and are sensible with our money but we don’t do it at the expense of enjoying our lives right now.

We still buy the odd take-away meal and get it delivered. We treat ourselves to a new pair of boots when needed. We balance it so that we have plenty for emergencies and our future but also enjoy our lives right now!

A lot of people can’t do what we do. They have no savings, no pension etc and there are no guarantees we won’t end up that way. So we’re careful but we still enjoy life when we can.

ramad84 t1_j5k2gt6 wrote on January 23, 2023 at 3:56 PM

congratz on gettin out there - i relate to this post.

essentially youre paying for an experience - not a physical object. you will be more fullfilled by experiences than objects in the long run.

texansfan t1_j5k9qct wrote on January 23, 2023 at 4:43 PM

You absolutely have to find a balance between living a fun, healthy life and not overspending. Hope you enjoy the lessons!

frenchpressfan t1_j5kbs9o wrote on January 23, 2023 at 4:56 PM

Tangential thought from a different post from a few days ago: Get yourself a massage 2-3 times a month, if you can afford it. The physical touch will really help

killerpretzel t1_j5lqqt6 wrote on January 23, 2023 at 10:13 PM

Retirement age is 65 and median age of death is 72 for males, time is not guaranteed.

BlackWindBears t1_j5lphh7 wrote on January 23, 2023 at 10:05 PM

This is actually good though!

The point is to be conscious of what you're trading.

If trading X hours of your time is worth getting a ski lesson then you've made a "good" decision.

If imagining trading that much time for the ski lesson feels like a bad deal, then you've made a "bad" decision

It's not about minimizing spending, it's about making sure you trade the hours of your life for things you actually value as much as you do those hours.

Exciting_Fee_370 t1_j5n7hc4 wrote on January 24, 2023 at 4:42 AM

Right there with ya man. I spent $1200 on a ski pass this year and after doing doing that for the last 8 years, turns out I’m still poor. Been fun though.