Do you feel guilty and often regret after spending money?
Or are you in full control of your finances, drawing a clear line between your wants and needs?
Looking back on my early 20s, young and delightfully silly, there’re a few things I’d do all over again.
Most of all, though, I wish I had known that I didn’t need a big salary to build wealth.
Sure, you can accomplish financial independence much sooner with a bigger salary, but how you spend the money you earn is far more important than how much you earn.
Earn $100,000 a year and spend $120,000 makes you poorer than earn $50,000 a year and spends $30,000.
That’s why we see famous people declare bankruptcy while a postal worker retires with millions in the bank.
I could have avoided debt I’m dealing with right now and still enjoyed the things below.
I only had to scale down my spending a teeny-weeny bit and put a regular amount of money to saving and investing (sigh).
But hey, no point in wasting on regrets now, right?
I just want you to know that as long as you have a clear boundary between your wants and needs, a few luxuries won’t stop you from building your wealth.
Because saving doesn’t have to be all or nothing.
I’ve learned my lessons the hard way, and it’s all down to this timeless finance book everyone should read.
You can read my review here. It’s so cheap. And so good. A rare combination if you ask me!
If you want to become a master of money (and why wouldn’t you?), I also have a collection of the best finance books out there.
For a long time, I made an excuse that I couldn’t build wealth because I didn’t have a role model to show me how.
But now I have access to all the knowledge FREE from my local library: I can’t make any more excuses.
Anyway, below are 6 things I don’t regret spending money on.
My first trip abroad was during a summer break in my 3rd year at Uni.
The experience was an eye opener.
For the first time, I learned and experienced that there was a whole world out there.
That’s how I caught the travel bug.
I absolutely loved visiting foreign places, meeting a variety of people and gaining cultural insights.
I’d never regret the places I visited, the wonderful people I met, the exquisite local cuisine I tasted and the priceless experiences I had.
Given the opportunity, I’d do it all over again minus impulsive get-away travels!
2. Books / iPad (Kindle)
When I was little, I dreamed of having my own library.
I love reading. And love collecting all the books I read.
But I had to give away several hundreds of books when moving to my current place.
It was a sad day for me but had to be done.
I resisted Kindle for a long time. I thought it would never beat the experience I get from reading physical books.
Oh my, how wrong was I?
I became a book addict, thanks to Amazon’s Kindle Unlimited.
If you haven’t warmed up to eBooks yet, read about 10 benefits of eBooks. It might convert you.
For more than a year, I read 3+ books a week until I had to force myself to stop because life got in the way.
But I can’t ever regret those times.
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I’m one of those annoying people who never put on weight no matter how much I eat.
So I became a massive foodie.
I treated my high metabolism like a free pass to all kinds of food.
Besides, food was a sort of travelling to me.
Experiencing a different culture through my taste buds. I loved discovering new cuisine.
I don’t regret spending money on food, but the frequency of it.
Once or twice a month would have been more sensible. Plus definitely “No” to all takeaways.
4. Workout Gadgets
I gave an indoor bike and a sit-up bench to a nice girl working at the post office where I frequented before moving down to southeastern England from London.
Ever since, I’m more selective with workout gadgets.
Using your indoor bike to dry your laundry will do that to you.
My current (and cheap!) “money well spent” workout gadgets are:
Each selection turns out to be an excellent choice this time, completing my home workout set up.
I have zero regret buying them most probably because I use them regularly.
5. Victorinox Kitchen Knife and Water Filter
Since I cook every day, a quality knife became essential.
Victorinox knife is pure awesome. Just a small one, not the entire set.
The previous large knife was cumbersome.
I couldn’t believe the stark difference between the two. No more struggling and getting frustrated when cooking.
And a good water filter is a must. I just can’t drink tap water.
Not a chance!
It’s a pure waste of money if you ask me…
6. Website Hosting Fees
I can’t regret money spent on this blog.
My blog has brought me immense joy and also enhanced the quality of my life.
If you’d like to find out more, I recommend you read my blog post: 7 reasons I like my personal development blog.
I paid for 3 years’ hosting plus the domain registration as it worked out cheaper.
If you’re thinking about starting your own blog, I have a very simple step-by-step guide for you.
In a matter of minutes, you’ll have your own blog.
That’s it: things I don’t regret spending money on.
Only the last three things apply to my current life, though, as I’m on my debt-free journey right now.
Confession: I had a pizza takeaway the other day, but it wasn’t a slip-up. It’s been 8 months since I had a takeaway (I’ve been a good gal!).
Want to build a financially secure life?
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