| There's two kinds of spending:
1) Assets - these make money and make you richer
2) Liabilities - these cost money and make you poorer I spent at least 60% or more on Assets. And keep liability spening to an absolute minimum: - almost never ever buy new clothes - xmas gifts - we don't play this game. we spend time with each other and make our own gifts, or buy them super cheap at yard library book sales, etc. - always buy used cars, at least 5 years old and keep them for at least 10 or 15 years. - absolutely no subscriptions (monthly payments) except utilities (just electricity, water, internet, cell phone, HOA, insurance). if you have more subs than fingers then you've got problems. - minimize car maintenance (there's these big myths that doing lots of extra maintenance will make your car last longer, not necessarily true) - no frivolous spending - I never buy stuff, unless I absolutely need it. - rarely eat out, here in CA. eating out is way too expensive around here. and you never know what they put in it. - never buy stuff you can get for free. why buy tea, when there's a lavendar plant in the yard? Rosemary bush yields are enormous. if you know a neighbor that has one, they'll glad you give you all the rosemary you want. etc... |
By all means, don't waste money. But before even that, don't waste your time. You can always earn more money, but you'll never earn back time.