{"id":2198,"date":"2010-05-06T19:49:08","date_gmt":"2010-05-07T03:49:08","guid":{"rendered":"https:\/\/www.pickthebrain.com\/?p=2198"},"modified":"2013-08-22T09:33:19","modified_gmt":"2013-08-22T17:33:19","slug":"timely-expenses-are-wise-expenses","status":"publish","type":"post","link":"https:\/\/www.pickthebrain.com\/blog\/timely-expenses-are-wise-expenses\/","title":{"rendered":"Timely Expenses are Wise Expenses"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div><p><a href=\"http:\/\/gamerlimit.com\/files\/2010\/03\/Slide06_spending_money.jpg\"><\/a><\/p>\n<p>One of my favorite posts on this blog is the one that is titled <a href=\"https:\/\/www.pickthebrain.com\/its-okay-to-spend-on-stuff-you-love\/\">\u201c<\/a><em><a href=\"https:\/\/www.pickthebrain.com\/its-okay-to-spend-on-stuff-you-love\/\">It\u2019s Ok to Spend Money on Stuff You Love\u201d,<\/a> <\/em>simply because it vindicates my position in the standoff that I currently have going on with my spouse. I feel that it\u2019s ok to spend on the things that we both enjoy while he insists that they\u2019re frivolous expenses and that we need to save our money for the future. While I see the wisdom in his point of view, I also feel that the money we earn after much hardship and struggle is best used in a timely manner.<!--more--><\/p>\n<p>For example, going away on a much-needed vacation will definitely drain our bank balance by quite a number of dollars. But I feel that it\u2019s money spent on a worthwhile cause, especially because we\u2019re both still young enough to feel and experience the romance of travel and appreciate the beauty of the places we visit. Now if I were to go along with my spouse and save the money instead, we would have enough and more in our bank when we retire. But the problem is that we would have lost out on our youth and may no longer feel the desire to travel and enjoy new experiences.<\/p>\n<p>There\u2019s a time to spend money, and when you lose this opportunity, you lose out on life. Sure, you do need to be careful, cautious and thrifty, but what\u2019s the use of hoarding away money that you\u2019re not going to spend in your lifetime, or rather, when you have enough life left in you? In my opinion, it\u2019s ok to spend money on what you love, even if the expense may seem frivolous, if:<\/p>\n<ul>\n<li>You don\u2019t have pressing debts that must be settled as soon as possible.<\/li>\n<li>You don\u2019t have to save up for your kids\u2019 college or other foreseeable future expenses.<\/li>\n<li>You have a pretty decent nest egg saved up for emergencies.<\/li>\n<li>You have a reasonably secure and well-paying job.<\/li>\n<\/ul>\n<p>In general, your overall expenditure must not exceed your overall income for a certain period of time if you want to lead a stress-free and debt-free life. It\u2019s basic mathematics, but unfortunately, not many of us are good at it. We spend more than we earn, we don\u2019t follow basic finance rules (such as the one that says that any money borrowed using a credit card or otherwise earns interest that must be paid back as well, so it\u2019s wise to pay off debts at the earliest), and we don\u2019t keep track of our expenditure. This is why we\u2019re always in a bind when it comes to money.<\/p>\n<p>But if you\u2019re financially savvy and have enough to get by comfortably, I see no reason to scrimp and save at every point of your life. You earn to live well, so spend money when it\u2019s most needed and best enjoyed \u2013 that is money well spent!<\/p>\n<p><strong><span style=\"text-decoration: underline;\">By-line:<\/span><\/strong><\/p>\n<p>This guest post is contributed by Shannon Wills, she writes on the topic of <a href=\"http:\/\/toponlineengineeringdegree.com\/\">Top Online Engineering Degree<\/a> . She welcomes your <a href=\"shannonwills23@gmail.com\">comments<\/a>.<\/p>\n<p><em style=\"font-style: italic;\">Don&#8217;t Forget To Follow PickTheBrain on\u00a0<a href=\"http:\/\/twitter.com\/pickthebrain\">Twitter<\/a>!<\/em><br \/>\n<em style=\"font-style: italic;\"><strong style=\"font-weight: bold;\">Related Articles:<\/strong><\/em><\/p>\n<p><a href=\"https:\/\/www.pickthebrain.com\/time-is-all-we-have-3-ways-to-increase-return-on-investment\/\">Time is All We Have: 3 Ways To Increase The\u00a0 Return On Investment<\/a><\/p>\n<p><a href=\"https:\/\/www.pickthebrain.com\/how-to-find-time-for-new-habits\/\">How To Find Time For New Habits<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of my favorite posts on this blog is the one that is titled \u201cIt\u2019s Ok to Spend Money on Stuff You Love\u201d, simply because it vindicates my position in the standoff that I currently have going on with my spouse. I feel that it\u2019s ok to spend on the things that we both enjoy while he insists that they\u2019re frivolous expenses and that we need to save our money for the future. <a href=\"https:\/\/www.pickthebrain.com\/blog\/timely-expenses-are-wise-expenses\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":12163,"featured_media":12900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[22],"tags":[405,404,78,90,4629],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Timely Expenses are Wise Expenses<\/title>\n<meta name=\"description\" content=\"One of my favorite posts on this blog is the one that is titled \u201cIt\u2019s Ok to Spend Money on Stuff You Love\u201d, simply because it vindicates my position in the standoff that I currently have going on with my spouse. I feel that it\u2019s ok to spend on the things that we both enjoy while he insists that they\u2019re frivolous expenses and that we need to save our money for the future.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pickthebrain.com\/blog\/timely-expenses-are-wise-expenses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Timely Expenses are Wise Expenses\" \/>\n<meta property=\"og:description\" content=\"One of my favorite posts on this blog is the one that is titled \u201cIt\u2019s Ok to Spend Money on Stuff You Love\u201d, simply because it vindicates my position in the standoff that I currently have going on with my spouse. I feel that it\u2019s ok to spend on the things that we both enjoy while he insists that they\u2019re frivolous expenses and that we need to save our money for the future.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pickthebrain.com\/blog\/timely-expenses-are-wise-expenses\/\" \/>\n<meta property=\"og:site_name\" content=\"Pick the Brain | Motivation and Self Improvement\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/pickthebrain\" \/>\n<meta property=\"article:published_time\" content=\"2010-05-07T03:49:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2013-08-22T17:33:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.pickthebrain.com\/blog\/wp-content\/uploads\/2013\/03\/Slide06_spending_money1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"590\" \/>\n\t<meta property=\"og:image:height\" content=\"320\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@pickthebrain\" \/>\n<meta name=\"twitter:site\" content=\"@pickthebrain\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Erin Falconer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.pickthebrain.com\/blog\/#website\",\"url\":\"https:\/\/www.pickthebrain.com\/blog\/\",\"name\":\"Pick the Brain | Motivation and Self Improvement\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.pickthebrain.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.pickthebrain.com\/blog\/timely-expenses-are-wise-expenses\/#primaryimage\",\"url\":\"https:\/\/www.pickthebrain.com\/blog\/wp-content\/uploads\/2013\/03\/Slide06_spending_money1.jpg\",\"contentUrl\":\"https:\/\/www.pickthebrain.com\/blog\/wp-content\/uploads\/2013\/03\/Slide06_spending_money1.jpg\",\"width\":590,\"height\":320,\"caption\":\"saving money\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.pickthebrain.com\/blog\/timely-expenses-are-wise-expenses\/#webpage\",\"url\":\"https:\/\/www.pickthebrain.com\/blog\/timely-expenses-are-wise-expenses\/\",\"name\":\"Timely Expenses are Wise Expenses\",\"isPartOf\":{\"@id\":\"https:\/\/www.pickthebrain.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.pickthebrain.com\/blog\/timely-expenses-are-wise-expenses\/#primaryimage\"},\"datePublished\":\"2010-05-07T03:49:08+00:00\",\"dateModified\":\"2013-08-22T17:33:19+00:00\",\"author\":{\"@id\":\"https:\/\/www.pickthebrain.com\/blog\/#\/schema\/person\/2da8ae162c097bdb749ab098472b4cc5\"},\"description\":\"One of my favorite posts on this blog is the one that is titled \u201cIt\u2019s Ok to Spend Money on Stuff You Love\u201d, simply because it vindicates my position in the standoff that I currently have going on with my spouse. 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