Budget Update: September 2019
I spent a little under RM6k in September 2019, with half of that going to Medical and Rent & Utilities categories. I’ll expand a bit more about them in the Yay and Nay sections below.
Now, let’s talk about how dope personal finance is, as a topic. I can’t get enough of it, I’m still obsessed with it. There’s always something that challenges my thinking.
For example, I have been a ‘buy experiences, not things’ practitioner. Been so for years. But the tweet below made me seriously evaluate my approach.
Be careful to not take ’Buy experiences, not things’ too literally.
Prized experiences, like travel, can be just as empty as buying a material item.
For me, clothes ARE experiences. I value the way I feel in them. And I get to relive the same experience over & over for years.
— The Luxe Strategist (@luxe_strategist) September 20, 2019
Sometimes I forget how different people value different things. Who am I to decide or judge how you interpret happiness?
I think it’s time to retire ‘buy experiences, not things’ from my personal finance approach. Instead, I will use the phrase ‘intentional spending’ instead, the opposite of ‘mindless spending’. I want to be more mindful of what I spend on, regardless whether they are experiences or things.
(Although, it’s fair to note here that research did say that spending on experiences, not things usually makes people happier. So don’t use this as an excuse to splurge or anything.)
And thus, I find myself buying non-thrifted art for the first time. I’ve never allowed this purchase for myself. I’ve never bought something beautiful for the sake of it being beautiful. Whatever pretty knick-knacks I have, must also be practical: think boxes, containers, pillows, candles.
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And you know what? This art piece does make me happy. I don’t regret the purchase.
Any of you hold back against collecting art – however you define it – because of the ‘buy experiences, not things’ approach?