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

In my mind, being frugal, is lessabout not spending and more about intentional spending.For example, I may have (mostly) stopped my mindless shopping habit thanks to a No Spend Challenge I did several years ago, but I am not afraid to spend money on things that I feel add value to my life.

After all, frugalityis not just about ahouse full of containers waiting to be reused, or having a pile of cheap clothes waiting to be mended. Sometimes, it’s about using yourtime and moneyintentionallyto do more ofwhat you love.

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

Here are seven things that I never regret spending money on:

Good food

For me, good food is one of the best things in life. Especially delicious, satisfying meals where I’m gathered around a table with family or friends.It’s about quality. Quality food, quality company and quality conversation. Tasty, well made food and slow eaten dinners whether you’re eating out or cooking at home just can’t be beat. Sometimes being frugal means purchasing some grocery itemsof lesser quality so that you can splurge on the things that really matter to your family’s good food philosophy. (Grass fed beef, organic fruits & vegetables, for example.)

Travel or Fun Experiences

Nothing quite brings a smile to my face like the opportunity to travel to new places or enjoy fun experiences. We recently took our daughters to a local annual fair that was quite costly. (Admission, food, rides…it all adds up!) But we save our hard earned money for timeslike this. I lovedseeing the smile on our oldest daughter’s face after she experienced her very first fair ride. Or hearing her squeal when she saw the tiny baby pigs. It was worth it!

My husband and I also have dreams to travel abroad one day. I have done some traveling in Australia and Africa before I was married, but my husband hasn’t done much. I can’t wait to see the day when we can make his dream of travelling to Europe and other countries a reality.

A hobby that makes you happy

I consider Simply Frugal a money making business, but it’s also my hobby. I spend time researching, writing and even spend a decentamount of money to keep it running. But it’s fun! I enjoy learning all aspects of running an online business and I love seeing what I do help others. As with any hobby, (sewing, jewelry making, or even a tropical fish hobbyist) you have to spend money to do your thing. And if it brings you joy, then by all means go with it and make room in your budget.

Learning new things

I love learning new things.I’ve done online courses (where I learned a lot about various aspectsofblogging) and in-personconferences. I’ve also spent money on books and travel; all experiences that have helped expand my mind. Learning makes me feel more confident and proud of myself.

Quality items

Comfortable, sturdy shoes that Iwear season after season. A high quality set of cooking pots made to last. A brand name backpack that I have been using for every trip I have taken since I went to Australia 15 years ago.

I’m talking about well made, quality items that serve a specificpurpose in your life. It’sincredibly satisfying to actually wear something out and then replace them with something just as good.In today’s disposable society, there is something sosatisfyingabout knowing you’ve made a good, quality purchase!

Services that improve your quality of life

There is no rule in the frugal lifestyle that says you must DIY everything. If you really hate housework, hire a cleaner. If you desperately need some time to yourself, hire a babysitter. Or even if you think you can fix the toilet, sometimes hiring a professional can save you money in the long run if something goes wrong if you try to DIY.

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

A cause you believe in

Lastly, I never regret being generous.I believe that giving to charity is important. Whether that be a local charityor a charity in a third world country.Imagine what would happen if everyone gave, even in a small way? Money donated to charity always feels like money well spent if you’re donating to what speaks to you.

I also love to surprise friends and family with little meaningful gifts, especially when they are not expecting anything. I believe in cheering up those that are “in the trenches” of daily life.

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

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

FAQs

What purchases will you never regret? ›

25 Purchases You'll Never Regret
  • Houses. Home ownership is still a sound financial idea. ...
  • Four-Wheel Drive Pickup Truck. Not too long after my husband and I became homeowners, we bought a truck. ...
  • A Safe. ...
  • Fruit Trees. ...
  • Leather Furniture. ...
  • Gas Stove. ...
  • Outdoor Fire Pit. ...
  • Vacations.

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

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