Finding Balance in Frugality
As I sat on the living room floor, chatting with my dad about my savings, I realized that I’ve been doing exceptionally well since quitting my full-time job. However, our conversation also revealed a surprising issue – I’ve become too good at restricting my spending.
The Fear of Spending
In the past, my savings account would fluctuate due to various expenses like moving, car repairs, and furniture purchases. But now, I’ve developed a different kind of spending problem. I’m not overspending; I’m underspending. I’ve become so accustomed to living frugally that I feel guilty about making necessary purchases or treating myself.
The Guilt of Necessary Expenses
I’ve imposed strict restrictions on my spending, which has led to a mentality of self-denial. When I do spend money, I spend hours regretting the decision, even if it’s something I need, like a yoga mat for working out at home. It’s not that I don’t have the money; it’s that I’ve become more comfortable saving than spending.
The Importance of Balance
While it’s essential to watch your budget and feel good about it, it’s equally important to strike a balance between strict budgeting and enjoying the fruits of your labor. I need to remind myself that saving is not just about accumulating money, but also about using it to improve my quality of life.
Breaking Free from Guilt
To overcome this guilt, I plan to examine my account at the beginning of each month, consider my income, and decide whether I can afford to splurge on myself. On tight months, I’ll stick to my budget, but on months when I’ve saved enough, I’ll allow myself to spend purposefully, without guilt or frustration.
Embracing Purposeful Spending
By finding this balance, I hope to reduce unnecessary stress and enjoy the benefits of my hard work. It’s time to shift my mindset from “How could you have treated yourself?” to “I deserve to treat myself.”
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