Judging intellectual and non-intellectual expenses

There are always expenses that are deemed more intellectual and better than others, examples:

Intellectual:

  • Books
  • Travel
  • Higher Education (MBA)

Not-Intellectual:

  • Clothing
  • Cars
  • Electronics

What’s funny is I buy/bought in every category, and while people are okay with me spending $$$$$ on traveling for a year, or having spent to the tune of $60,000 in debt for education, they aren’t so cool with my also admitting that I like wearing nice clothes and having lots of electronics.

I don’t see the difference.

Spending $30,000 on shoes or $30,000 on traveling is the same to me — it’s still $30,000, and it was the choice of the person to do it.

They obviously get the same pleasure out of either task — traveling or shoes, and what do you care? It’s their money, not yours.

Where I do judge, is if you spend $30,000 when you didn’t have it to spare, or you go into major debt for something that was not an essential expense (medical expenses = essential, shopping = non-essential).

Even paying for higher education (an MBA) or buying a home is not necessarily considered an essential for me, but it’s a choice that people make, and so long as you can dig yourself out of that hole and are able to make more money to get a good return on investment, then why not?

However if you spend $100,000 on shopping and trips, you will have to still dig yourself out of that hole but you have NO HOPE of recuperating that “investment”.

Think before you buy.

Related Posts

Estimated Living Expenses
 
How I keep my grocery expenses down so low
 
What are considered one-off expenses?
 
Stop the money shaming!
 
Savings versus Emergency Fund: What’s the difference?
 
What kind of frugal personality are you?
 

About the Author

Just a girl trying to find a balance between being a Shopaholic and a Saver. I cleared $60,000 in 18 months earning $65,000 gross/year. Now I am self-employed, and you can read more about my story here, or visit my other blog: The Everyday Minimalist.