7 Things You Will Never Regret Spending Money On (2024)

I think a lot of people equate being a minimalist to being frugal. While this may be the case for some people (after all, there is no one size fits all rule for minimalism), my own personal brand of minimalism is less about not spending and more about intentional spending.

For example, I may have kicked my mindless shopping habit, but I am not afraid to spend money on things that bring me joy or add value to my life. After all, minimalism is not about sitting in an empty house, counting your possessions and your pennies; it’s about finding time and money to do more of what you love.

Here are seven things I never regret spending money on; let me know in the comments if you agree or if not, what is on your list?!

7 Things You Will Never Regret Spending Money On (1)

GOOD QUALITY FOOD

For me, food is one of the great joys in life. There is nothing I love more than a truly amazing meal (be it eating the best noodles in the world on the streets of Chiang Mai or dining at Mamasan in Bali – hands down one of my favourite restaurants in the world.)

It’s about quality over quantity, whether you’re eating out or cooking at home. In my kitchen, I have a simple eating philosophy, which means I splurge on grass-fed beef or Tasmanian cheese (drool) but I forgo freezer meals or prepackaged snacks. (And if you can support small, local businesses at the same time, it’s a huge bonus!)

SERVICES THAT IMPROVE YOUR QUALITY OF LIFE

When you spend money on services, you are buying time (the one thing everyone says you can’t buy!). I don’t believe you have to ‘DIY’ everything; if you really hate housework, hire a cleaner. If you’re not getting results at the gym, hire a personal trainer. If you desperately need some time to yourself, hire a nanny.

I know that services are sometimes expensive, but it’s about looking at your values and prioritising your spending. You might be surprised at what you can afford.

QUALITY ITEMS THAT SERVE A PURPOSE

Comfortable shoes that you wear season after season. A handcrafted kitchen knife made to last. A leather tote you’ve been using since university (for me, that’s a long time now!).

I’m talking about well made, quality items that serve a distinct purpose in your life. I had a pair of denim Levis shorts that I lived in for twelve years and they only just fell apart. I mourned them (boo hoo) but it was also incredibly satisfying to actually wear something out and then replace them (and actually, I’m still holding out for the perfect pair).

In today’s disposable society, there is something deeply gratifying about knowing you’ve made a good, quality purchase!

LEARNING NEW THINGS

I love learning new things (it’s one of my core values and if I’m not learning, I’m not happy). While everyone’s values are different, I truly believe that investing in learning is investing in yourself.

I’ve done online courses (where I learned tons about blogging), adult education courses (I learned to sew and paint), and I’ve done single day programs (like learning traditional weaving in Guatemala!).

I’ve also spent money on books, travel, and conferences; all experiences that have helped expand my mind. When I learn new things, it’s not always about the skills I learn (although of course, they help), but it’s also about how I feel about myself. Learning makes me feel confident and proud of myself, something that money can’t buy.

A HOBBY THAT BRINGS YOU JOY

My husband is a ‘natural minimalist’; he had no problem moving to Australia with nothing more than a backpack and even after living here for several years has hardly any possession.

… Except he has a record collection. And he loves it. When we aren’t travelling, he’s always playing records, cleaning his records, reading about records or even just staring at his records. (He may kill me for sharing that, but it’s true!) It’s clear that his records bring him a lot of joy.

I may tease him, but I’ve never once looked at his collection and thought it was a waste of money because I see the smile it puts on his face.

TRAVEL + UNIQUE EXPERIENCES

If you’re a regular reader (or even if you’ve just had a quick look around) it’s probably pretty clear to you that travel is a huge priority in my life.

Travel is a great teacher; you learn about the world and also a lot about yourself. It’s also incredibly fun – and this leads to wonderful memories that, as time passes, only further enrich your life (unlike many material purchases, which weight us down with time).

Taking this one step further, when I’m travelling I always try and find room in my budget for special experiences, like hot air ballooning in Turkey (mind-blowing) or more recently trekking in Northern Thailand. Spending a little extra on quality operators can take your trip to a whole new level!

GIFTS + CHARITY

Last but certainly not least, I never regret being generous. Once I learned to give without expectation of anything in return, I found the true joy in giving.

I’m not a big holiday person, but I love to surprise friends and family just because I’m thinking of them or when they are not expecting it. (It’s easier to give meaningful gifts this way, because instead of feeling last-minute pressure to just ‘find something’, I buy things when I come across them.)

I also believe that giving to charity is important. Even when I’m travelling, I always make sure I’m donating on a monthly basis (after all, if I can afford to travel then surely I can afford to support a worthwhile cause).

Imagine what would happen if everyone helped out, even in a small way? Money donated to charity always feels like money well spent to me.

(I currently support the UNHCR Refugee Agency and World Vision, but everyone has their own causes, choose what speaks to your heart.)

What are your thoughts? What do you never regret spending money on? Let me know in the comments! x

7 Things You Will Never Regret Spending Money On (2024)

FAQs

7 Things You Will Never Regret Spending Money On? ›

Overspending can happen for different reasons, such as: You might spend to make yourself feel better. Some people describe this as feeling like a temporary high. If you experience symptoms like mania or hypomania, you might spend more money or make impulsive financial decisions.

What three things you would never spend your money on? ›

I'm a Financial Planner: Here are 5 Things You Should Never Spend Money On If You Want to be Rich
  • Luxury Items. This includes designer clothing, expensive watches, vintage cars and any other high-priced status symbol items. ...
  • Impulse Purchases. ...
  • Rent. ...
  • High-Interest Debt. ...
  • Overpriced Financial Products.
Jan 12, 2024

How to not regret spending money? ›

How to stop spending money you'll regret
  1. Understand what you're spending money on.
  2. Set a savings goal.
  3. Bring your goals to life.
  4. Automate your decisions.
  5. Picture the alternative.
  6. Pay off debts where possible.
  7. Set up alerts.

What should I stop spending money on? ›

50 Things to Stop Wasting Your Money On
  • ATM Fees. Paying for ATM fees is like feeding your money into a paper shredder. ...
  • Bottled Water. Not only does bottled water cost more, many cities' tap water is often as clean. ...
  • Bulk Groceries. ...
  • Cell Phone Data. ...
  • Coffee. ...
  • Fancy Gadgets. ...
  • Flavored Beverages. ...
  • Gasoline.
May 9, 2017

What is the psychology behind overspending? ›

Overspending can happen for different reasons, such as: You might spend to make yourself feel better. Some people describe this as feeling like a temporary high. If you experience symptoms like mania or hypomania, you might spend more money or make impulsive financial decisions.

What are the two things you Cannot buy with money? ›

The two things that money cannot buy are time and peace.

What is one thing that money Cannot buy? ›

Loyalty – Money has been used to bribe and purchase loyalty, but real loyalty has no price. Peace – All the money in the world can't buy you peace. In fact, money may cost you some peace and cause you a lot of stress in the process. True Friends – They can't be bought, sold, rented, auctioned off, or leased.

Why do I feel guilty when people spend money on me? ›

“We might feel guilty when somebody spends time or money on us,” Bonior said, “because deep down, in some situations, we might not think that we're worthy of it, or like we're not somehow measuring up to what we should be.” These people may also struggle with receiving compliments or attention, she added.

Why do I feel guilty when I spend money? ›

There are so many reasons why you might feel guilty about spending money: lack of planning or unrealistic budget, your money mindset or experiences in your childhood, or. feelings of unworthiness around spending money on ourselves – to name a few.

What is money dysmorphia? ›

Money dysmorphia is a psychological condition where individuals have distorted perceptions of their financial status, often leading to unhealthy behaviors and attitudes toward money.

What is a no spend month? ›

The “no-spend” challenge has been around for years but gained new life in 2024, thanks to TikTok and No Spend January at the beginning of the year. Participants are encouraged to go on a spending “fast” by abstaining from buying anything but the barest essentials.

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

What is a person who is wasteful in spending called? ›

Answer. The word closest in meaning to what you want is spendthrift. Spendthrift is a noun that means "a person who spends money in a careless or wasteful way."

Is overspending a mental illness? ›

For some, overspending becomes buying-shopping disorder, or compulsive shopping disorder (CSD), which is characterized by repetitive, uncontrollable spending that causes serious life difficulties.

How to stop obsessing over money? ›

8 strategies to stop stressing about money
  1. Don't let money consume your thoughts.
  2. Get organized.
  3. Let go.
  4. Set up monthly auto payments.
  5. Talk to someone about your financial stress.
  6. Manage your health to build wealth.
  7. Focus on your financial goals.
  8. Live a little.

What is money anxiety? ›

Money anxiety affects many people. A constant fear of not having enough money to meet basic needs or secure your future can lead to constant stress over financial decisions, savings, and debt. It can impact your ability to enjoy life and make confident financial decisions.

What are things that don't need money? ›

30 things you can do this weekend without spending money
  • Play board games with friends.
  • Go for a walk.
  • Learn to meditate.
  • Sell things you don't use.
  • Read a book.
  • Try a new recipe.
  • Create a budget.
  • Rearrange furniture at home.

Why shouldn't we waste money? ›

By avoiding wasteful spending and staying within your budget, you can reduce financial stress and enjoy a greater sense of peace of mind. Increased freedom: By not wasting your money, you can have more flexibility and freedom to make choices about how you want to live your life.

What are the bad things about money? ›

The Negative Effects of Money
  • Moral degradation. Acquiring lots of money doesn't automatically make someone immoral, but there is a good tendency one may become if they find themselves in such a situation. ...
  • Money can lead to addiction. ...
  • Greed and pride. ...
  • Money can make you lose sight of what's important.
Feb 28, 2023

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