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Insights on money, career and trading

3 Ways to Not Regret Spending Money Around the House

Posted on September 23, 2016 by Daniel at 3:07 pm

There are pretty much two kinds of people in the world: People who like spending money, and people who don’t. Within those categories you have different niches. Some people don’t mind spending money on one thing while they can’t bring themselves to spend a dime on something else. Perhaps it’s all relative.

In any case, everybody experiences buyer’s remorse. You know that moment when you make a purchase and you realize that it wasn’t a good idea or a wise investment? Hopefully you do. If you don’t, that might be a sign you need to evaluate yourself, your spending practices and your bank account.

Buyers remorse happens with anything, but often it’s when you spend a large chunk of change on something for yourself. Another place buyers remorse might happen is when you spend money for the house. You already have a roof over your head, why do you need more stuff? If this is you, here are 3 ways to not regret spending money around the house:

If It’s For the Good of the Whole

If you live in an area where it gets really hot for any number of months out of the year, you know how important it is to have air conditioning. This isn’t a cheap investment. You have to know the basics of buying an AC unit so that you can calculate whether the investment is worth the cost. In the case of your home, when you spend money, think about if it’s for the good of the whole. Working AC and heat are pretty crucial, as is running, clean water and electricity. Although you cannot compromise on these to save money, you can think of ways to avoid overspending. To reduce buying costs for cooling units, for example, you can always look to sellers who have AC units for sale at wholesale prices, which could be helpful for you. Even if it’s costly, don’t regret making improvements on the home that will be good for more people than just yourself.

If It Improves Your Health or State of Mind

Even though buying things for yourself can get out of hand, oftentimes, people fall on the opposite side of the spectrum and they don’t spend any money on themselves at all. In regards to spending money around the house, it’s important to take into consideration if this particular expense you’re thinking about acting on is something that is going to improve your health and state of mind.

Perhaps you want to remodel the master bath so that you can fit a jet tub. Perhaps you want to upgrade the kitchen so that you can get excited about cooking healthy homemade meals. If it improves your health and state of mind, there’s no reason to feel guilt. You deserve it.

If It’s Necessary

Lastly, if you don’t want to feel bad about spending money around the house, think about the necessity of the thing you’re spending money on. There are many things that come up maintenance wise that need to be fixed. There are also more practical things, as well. Maybe more storage is a necessity, and maybe a new coat of paint is a necessity because you’re selling your house. Whatever it is, if it has to be done, don’t waste your time or energy feeling bad about spending the money.

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Insights on money, career and trading