Smart Reasons to Save, Use and Invest Money

Spending More Money For a Better Life, Part 1 of 2

Increasing spending

I’ve noticed a trend with my blog and the comments I leave on other blogs…   My typical response to financial questions and topics is: “It’s all about balance and maintaining that balance”.

But, after continually preaching the “Balance, it’s all about being balanced” mantra…  I started to wonder how I have done with that viewpoint?

Unfortunately, I’ve concluded that I haven’t done a good job of following the mantra!  But unlikely most, I’m slightly to the other extreme… I haven’t spent enough money, especially on myself. 

For years, I’ve deprived myself of new clothes and other needs and wants, living much like I lived when I was in college (or close to it) and I was much poorer.

You might be thinking, that would mean that my entire family lives the way I live, but they don’t.  In fact, there are many times when I suggest that the kids need new shoes, or sports equipment…   My wife, though frugal like me, does buy new clothes and goes out to eat with her friends occasionally (at least a few times a month).  I’ve been neglecting my friends, too worried about the cost of gas, or of a boy’s night out.

Okay, I identified the problem, but what am I going to do about it?    Hmmm, good question!  I have a few ideas, but I haven’t decided on the final one yet. 

Some of my favorite options are:

  • Expansion of Stocks Dividends to Fund my “It’s all about Me! Fun Fund” (lol).  I call these my Dividend Funds.
  • a Spending Budget, where I’ll create a special spot budget that centers around spending for just me and to a lesser extent the family.
  • Go hog wild, trips to Vegas and other exotic locations. leaving the family behind (don’t laugh, I have old friends that do this)
  • Possible a hybrid approach of Stock Dividends (Dividend Funds), and a Spending Budget.
  • Get a side hustle that could fund my “It’s all about Me! Fun Fund“, or just directly spend all of the side hustle money on me!

Of course, I will spend more money on the family too, but in an indirect way.  For instance, I’m trying to work out how we can all go to Hawaii within the next 2 years… 

I definitely won’t decrease the amount I spend on my family, to spend more on me.  Most likely, I’ll just increase the amount of money I spend on myself my a small amount, perhaps an addtional $100 to $200 a month.

This is a work in process, I’ll follow up with a later post about what I decided to do and how I’m going to go about it.


11 Responses to Spending More Money For a Better Life, Part 1 of 2

  1. I agree, you have to find ways to do the things you enjoy even if they cost money. We’re highly focused on our goals right now, but we also make sure to allocate some $$$ so we don’t have a frugal meltdown. On a monthly basis it mostly includes dining out, but in the summer we make room for our favorite hobby, wakeboarding. And I make sure we’re able to travel at least once a year otherwise I will go stir crazy.

  2. @Mrs. Frugal
    In the past, there has been years that we skipped on traveling for our vacation, and now I regret it.

    We are going better though, last year we went to both Hilton Head and Disney World. Both were a lot of fun, especially Disney (expensive but fun)!

    Thanks for stopping by 🙂

  3. Like you said, it’s all about balance. My husband and I weren’t spending much on ourselves, but then we realized we weren’t having too much fun, either. So a little splurge here and there doesn’t hurt, as long as you’ve put that money aside in some manner. I work a side gig that gives me some extra spending money while allowing me to put the rest into our savings. Good luck finding the balance that works for you!

  4. Sounds like you got a great balance!

    I won’t go into debt, but I am going to let a little lifestyle creep happen! At the very least, start to meeting with friends more often…

    I think I’m on the right track now! 🙂

    Thanks for stopping by!

  5. Well I would like add to this discussion which I believe has a lot of ME in it. 🙂

    Just cut extra curricular expenses like drinking or spending money with your friends. I am sure you can get away from branded clothing too.

    You look like a clever person. I am sure you will be able to take your family to Hawaii within 2 years. Stay motivated. We all our with you.

    Good Luck.

  6. @Ann Julie
    Hmm, actually I’m trying to spend more, so I want to visit with friends of old… Branded clothing, I don’t do that except for Levis jeans (when they are on sale).

    I hope I do make it to Hawaii in 2 years…

    Thanks for stopping by.

  7. […] hard and to give you a good idea on things to consider, you could read this article entitled “Spending More Money For a Better Life”, on It is a two parts article and you could get some hints to help you […]