7 Things You Will Never Regret Spending Money On (2024)

I think a lot of people equate being a minimalist to being frugal. While this may be the case for some people (after all, there is no one size fits all rule for minimalism), my own personal brand of minimalism is less about not spending and more about intentional spending.

For example, I may have kicked my mindless shopping habit, but I am not afraid to spend money on things that bring me joy or add value to my life. After all, minimalism is not about sitting in an empty house, counting your possessions and your pennies; it’s about finding time and money to do more of what you love.

Here are seven things I never regret spending money on; let me know in the comments if you agree or if not, what is on your list?!

7 Things You Will Never Regret Spending Money On (1)

GOOD QUALITY FOOD

For me, food is one of the great joys in life. There is nothing I love more than a truly amazing meal (be it eating the best noodles in the world on the streets of Chiang Mai or dining at Mamasan in Bali – hands down one of my favourite restaurants in the world.)

It’s about quality over quantity, whether you’re eating out or cooking at home. In my kitchen, I have a simple eating philosophy, which means I splurge on grass-fed beef or Tasmanian cheese (drool) but I forgo freezer meals or prepackaged snacks. (And if you can support small, local businesses at the same time, it’s a huge bonus!)

SERVICES THAT IMPROVE YOUR QUALITY OF LIFE

When you spend money on services, you are buying time (the one thing everyone says you can’t buy!). I don’t believe you have to ‘DIY’ everything; if you really hate housework, hire a cleaner. If you’re not getting results at the gym, hire a personal trainer. If you desperately need some time to yourself, hire a nanny.

I know that services are sometimes expensive, but it’s about looking at your values and prioritising your spending. You might be surprised at what you can afford.

QUALITY ITEMS THAT SERVE A PURPOSE

Comfortable shoes that you wear season after season. A handcrafted kitchen knife made to last. A leather tote you’ve been using since university (for me, that’s a long time now!).

I’m talking about well made, quality items that serve a distinct purpose in your life. I had a pair of denim Levis shorts that I lived in for twelve years and they only just fell apart. I mourned them (boo hoo) but it was also incredibly satisfying to actually wear something out and then replace them (and actually, I’m still holding out for the perfect pair).

In today’s disposable society, there is something deeply gratifying about knowing you’ve made a good, quality purchase!

LEARNING NEW THINGS

I love learning new things (it’s one of my core values and if I’m not learning, I’m not happy). While everyone’s values are different, I truly believe that investing in learning is investing in yourself.

I’ve done online courses (where I learned tons about blogging), adult education courses (I learned to sew and paint), and I’ve done single day programs (like learning traditional weaving in Guatemala!).

I’ve also spent money on books, travel, and conferences; all experiences that have helped expand my mind. When I learn new things, it’s not always about the skills I learn (although of course, they help), but it’s also about how I feel about myself. Learning makes me feel confident and proud of myself, something that money can’t buy.

A HOBBY THAT BRINGS YOU JOY

My husband is a ‘natural minimalist’; he had no problem moving to Australia with nothing more than a backpack and even after living here for several years has hardly any possession.

… Except he has a record collection. And he loves it. When we aren’t travelling, he’s always playing records, cleaning his records, reading about records or even just staring at his records. (He may kill me for sharing that, but it’s true!) It’s clear that his records bring him a lot of joy.

I may tease him, but I’ve never once looked at his collection and thought it was a waste of money because I see the smile it puts on his face.

TRAVEL + UNIQUE EXPERIENCES

If you’re a regular reader (or even if you’ve just had a quick look around) it’s probably pretty clear to you that travel is a huge priority in my life.

Travel is a great teacher; you learn about the world and also a lot about yourself. It’s also incredibly fun – and this leads to wonderful memories that, as time passes, only further enrich your life (unlike many material purchases, which weight us down with time).

Taking this one step further, when I’m travelling I always try and find room in my budget for special experiences, like hot air ballooning in Turkey (mind-blowing) or more recently trekking in Northern Thailand. Spending a little extra on quality operators can take your trip to a whole new level!

GIFTS + CHARITY

Last but certainly not least, I never regret being generous. Once I learned to give without expectation of anything in return, I found the true joy in giving.

I’m not a big holiday person, but I love to surprise friends and family just because I’m thinking of them or when they are not expecting it. (It’s easier to give meaningful gifts this way, because instead of feeling last-minute pressure to just ‘find something’, I buy things when I come across them.)

I also believe that giving to charity is important. Even when I’m travelling, I always make sure I’m donating on a monthly basis (after all, if I can afford to travel then surely I can afford to support a worthwhile cause).

Imagine what would happen if everyone helped out, even in a small way? Money donated to charity always feels like money well spent to me.

(I currently support the UNHCR Refugee Agency and World Vision, but everyone has their own causes, choose what speaks to your heart.)

What are your thoughts? What do you never regret spending money on? Let me know in the comments! x

7 Things You Will Never Regret Spending Money On (2024)

FAQs

What do you not regret spending money on? ›

Traveling. Never in my life have I regretted paying so much for traveling, even if it left me kind of broke afterward. The experience that I get and the memories that I make are always worth so much more than anything I could pay. This is the best investment out there.

What three things would you never spend your money on? ›

I'm a Financial Planner: Here are 5 Things You Should Never Spend Money On If You Want to be Rich
  • Luxury Items. This includes designer clothing, expensive watches, vintage cars and any other high-priced status symbol items. ...
  • Impulse Purchases. ...
  • Rent. ...
  • High-Interest Debt. ...
  • Overpriced Financial Products.
Jan 12, 2024

What purchases will you never regret? ›

25 Purchases You'll Never Regret
  • Houses. Home ownership is still a sound financial idea. ...
  • Four-Wheel Drive Pickup Truck. Not too long after my husband and I became homeowners, we bought a truck. ...
  • A Safe. ...
  • Fruit Trees. ...
  • Leather Furniture. ...
  • Gas Stove. ...
  • Outdoor Fire Pit. ...
  • Vacations.

How to limit spending money? ›

How to Stop Spending Money
  1. Know what you're spending money on. ...
  2. Make your budget work for you. ...
  3. Shop with a goal in mind. ...
  4. Stop spending money at restaurants. ...
  5. Resist sales. ...
  6. Swear off debt. ...
  7. Delay gratification. ...
  8. Challenge yourself to reach your new goals.
Apr 5, 2024

How to stop regretting spending money? ›

How to stop spending money you'll regret
  1. Understand what you're spending money on.
  2. Set a savings goal.
  3. Bring your goals to life.
  4. Automate your decisions.
  5. Picture the alternative.
  6. Pay off debts where possible.
  7. Set up alerts.

What most money is wasted on? ›

30 Things You're Probably Wasting Money On
  • 30 Things You're Probably Wasting Money On. It all adds up. ...
  • Bank fees. ...
  • Late fees. ...
  • Unclaimed 401(k) matches. ...
  • Tax deductions and credits you're not claiming. ...
  • Credit card interest. ...
  • Extended warranties. ...
  • Airline fees.

What shouldn't you spend money on? ›

The one thing you should absolutely, at all costs avoid spending money on is credit card interest. If you open a credit card and make purchases you can't afford to pay back, you're going to end up paying hundreds if not thousands of dollars worth of interest and getting nothing in return.

What is unnecessary waste of money? ›

Usually, wasting money includes things like subscriptions you don't use (or forget you even have), unnecessary late fees, and other expenditures that bring absolutely no value.

What's something you would never splurge on? ›

Things I Never Splurge My Money On
  • Room Service. There's just something about room service that isn't for me. ...
  • First Class Tickets. Okay, if I HAD the money, I would 100% splurge on this. ...
  • Expensive Shampoos And Conditioner. ...
  • The Expensive Restaurant. ...
  • Elite Designer Items. ...
  • White Tees.

What is the number 1 regret? ›

1) “I wish I'd had the courage to live a life true to myself, not the life others expected of me.” 2) “I wish I hadn't worked so hard.” 3) “I wish I'd had the courage to express my feelings.” 4) “I wish I had stayed in touch with my friends.” 5) “I wish I had let myself be happier” (p.

How do I not regret a big purchase? ›

One of the most effective ways of doing so would be to create a budget. Budgeting and financial planning prior to larger purchases help adequately combat making a purchase you may later regret.

What is the least regret option? ›

The "Principle of Least Regret" is an excellent way to make decisions, particularly binary ones: Given a choice between action X and action Y, and given all the facts and experience and self-knowledge currently at one's disposal, which option will you look back on in future with fewer/lesser regrets?

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings.

What is the root cause of overspending? ›

"Overspending is often more than just a lapse in financial judgment; it frequently signals underlying emotional or psychological triggers. For instance, some people may overspend as a form of escapism, temporarily distracting themselves from stress or emotional pain," Hathai says.

How to not spend money on useless things? ›

Here are some ideas to help you stop spending money and build healthier financial habits:
  1. Create a Budget. ...
  2. Visualize What You're Saving For.
  3. Always Shop with a List. ...
  4. Nix the Brand Names. ...
  5. Master Meal Prep.
  6. Consider Cash for In-store Shopping. ...
  7. Remove Temptation.
  8. Hit “Pause"
Jan 19, 2023

How not to feel guilty for spending money? ›

Identifying how each purchase will bring you satisfaction and joy might help you feel more at ease when you're spending money. Think about the memories that you'll make with each spend. You could even keep a diary to remind you of how you felt in that moment and take photographs to look back on.

How to stop regretting buying something? ›

Financial regret is a big part of buyer's remorse. Setting a budget and sticking to it makes you less likely to feel guilt or regret about overspending. Give yourself a "cooling-off" period, especially for more expensive items. If you still want the product after a day or two, it's likely a well-considered choice.

What is it called when you regret spending money? ›

Just about everyone. Buyer's remorse (or buyer's regret) defined is “the sense of regret after having made a purchase.

How not to spend money on unnecessary things? ›

How to Stop Spending Money
  • Meal plan to save money. Meal planning is a great way to save money. ...
  • Fun and frugal activities. ...
  • Educate yourself. ...
  • Cleaning saves money and sanity. ...
  • Accountability buddy. ...
  • Visualize your saving goals. ...
  • Price comparison. ...
  • Build good spending habits.

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