Yes, I enjoy saving money, but I also love spending it the few times I do! Like, overall I save wayyyyy more than I spend so the time of possession is more aligned with saving. But the times I spend it I get an instant spike of pleasure! (bills not included) So in that very instance Spending wins out.
An interesting thing about saving, though, is that it’s not nearly as fun without a GOAL in mind. I’ve been hoarding my extra cash for months now with just a glimmer of something it’s to be used for – blogging full-time. I don’t have a solid number to shoot for, and I certainly don’t have a date to reach it by. Basically, I’m just saving like a mad man until the day I realize it’s time to go solo (which can literally be any day if my 9-5 doesn’t correct itself). It’s a good thing I’m stubborn or else I’d have given up from boredom months ago!
So saving w/out a plan = boring. Smart, but not very exciting. Spending, on the other hand, fills you with plenty of endorphins! You get instant gratification and usually something tangible right there in front of your face. How awesome is that? Extremely! So much so that people keep doing it and doing it until they crash and burn and buyer’s remorse sets in. And it affects rich people too, which is why some people say never to go shopping just for fun! Something I used to do at least three times a week to keep entertained (see my “ode to shopping” for recovery details).
When it comes to enjoyment, Saving vs. Spending is tough. They both have crazy upsides. But all factors considered, it’s no shock I’m sticking with my trusty savings ;) I may not have all the fancy artifacts of today, but dreaming of a free’er future gives me more than enough joy to keep pushing forward. Saving gives you options, spending doesn’t. Which do you enjoy more?
PS: Some of my favorite tools:
|Personal Capital (FREE) -- If you’re looking for a robust financial tracker, Personal Capital is the way to go! They’re like Mint, but on steroids and have much better tools for investment and net worth tracking. // Full review|
|Digit (FREE) -- A super easy (and automated) way to save. Every day Digit analyzes your income and expenses and will push money aside for you any time it sees extra sitting there. I've saved over $4,000 myself using them so far! // Full review|
|Acorns -- Having trouble finding money to invest? Check out Acorns – they round up all your transactions to the nearest $1.00 and drops the difference into an investment portfolio for you. Easy way to start investing! // Full review|