Last month, I thought long and hard about my best money spent. Because what’s life without chocolate? And it turns out relationships matter, too. While much of the conversations in personal finance focus on not spending, I figured it was time to shake things up. Matt from Optimize Your Life is here to help. Curious what he considers to be his best money spent? Read on!
As Penny noted, “Personal finance is about spending.” In the personal finance community, we tend to spend a lot of time talking about different ways to cut costs and save money. This is all helpful to learn and is certainly an important part of making smart financial decisions, but it is only part of the story. And so, inspired by Penny’s post, I took a dive into my own spending to figure out which purchases have been the most worthwhile and bought me the most happiness.
$45 – Concert tickets
My wife and I went to see Watsky perform in Baltimore. For a while, I had cut out pretty much all discretionary spending so that I could increase my savings rate as much as possible. Any unnecessary spending felt like a waste.
This year, I’ve been trying to spend smarter. I don’t want to waste money, but I do want to spend on things that actually make me happier. And live music makes me happy. I went to a ton of concerts in high school and college and loved it.
I’ve made a concerted effort (pun intended) to get out and see live music more this year. This concert joins Ben Folds, Motion City Soundtrack, and Say Anything on the list of shows we’ve gone to this year.
$400 – Recreational hockey league fee
Playing ice hockey is another activity that I have resurrected from my youth. The $400 covers a six-month season, averaging a game per week. I get some forced exercise, a hobby to keep working to improve at, and time to hang out with a group of friends. It is also a ton of fun.
Too many people take the saying “money can’t buy happiness” too literally. Some well-spent money can certainly improve our lives and bring us joy. For me last month that was live music and athletics, which both got me out of the house and interacting with others in social settings. I got to do things that I really enjoy and got secondary happiness boosts from building relationships, getting exercise, and developing hobbies.
So Tell Us…How have you bought yourself a little extra happiness lately? Have you found secondary benefits from those purchases? Do you have any odd or unusual spending that you enjoy? What was your best money spent this month?
Note from Penny: If you’d like join this best money spent series whether you are a blogger or a reader (or both!), drop me a line at shepicksuppenies (at) gmail (dot) com.