Thoughts on how I am spending my money

Confessions form a normal person spending money

I was reading an article on Bloomberg opinion the other day (link here), and I have some confessions to make. I love spending money. I don’t save enough (you never can save enough). I love consuming things.   But I want to be financially free – and work on the things I love.   This led me to this post: I want to confess my money sins and thoughts around what I am spending money on. I feel the need to come clean about justifying my behaviour: 

Here are my top wasteful money confessions

I bought my wife something that was not in my budget

My wife looks at beautiful earrings that are on special… It’s only R 100 for 5 pairs! We don’t need it, but it’s Christmas in a few months and we can splurge a bit on ourselves.


I think this is the sad reality of today: we don’t think about what we buy. It just seems so convenient that the pretty things are there right in front of our noses – and we fall into the so-called temptation.

Action Plan:

When spending money, it needs to add value to your life. Don’t spend money on things that’s not valuable and doesn’t have a long lasting effect. The important thought here is mindfulness – be mindful about where your money is going – as I need to be. 

When spending money, it needs to make me happy – or why do it?

I am lazy

You come home from work and can’t be bothered to cook – as you almost got fired because you took the live system offline – so let’s go out for dinner. At least we are saving some money as it’s a Monday night burger special at Spur.


We’re trying to eat healthily, but cooking or preparing a meal after a hard day at work is just that – hard. Sometimes it does add value though – an example is I am sitting in a coffee shop right now typing blog posts – yet this is still costing me money.

Action Plan:

How about an envelope with money for eating out – if the money is finished, it’s finished. It’s a cool way of making sure we spend only a little bit of money on this, and not my whole retirement fund.

I drive 65km to spend time with my family

My family lives about 65 kilometres away. Every Saturday morning (04:00 am – yes I am insane) I drive through to meet them close by at the farmer’s market which is close by them. And then I buy veggies and farmer’s market things while I’m there.


Well, this is for family. And blood is thicker than water. So I am not sure if skipping the farmer’s market is the issue here. I think that some things add value to a person. And if something truly adds value to you, then it’s okay to spend some money on it.

Action Plan:

How about making the family more important than money, and not feeling guilty for spending a bit extra on something irreplaceable?

My bank is overcharging me

I checked out my bank fees and this idea of a cheque account for ‘only’ R 107 from Nedbank – well, let’s just say it seems they find ways to milk us for more than this ‘all-inclusive deal’.


Well, I didn’t know how bad this was until I checked out my budgeting app that pulls through info from my credit cards and cheque account. I thought it
was so much less!

Action Plan:

It’s worth getting other quotes from competitors – just remember to mount the cost. You will be required to move all the automated debit orders and other accounts over to the new bank account.

Make sure that the schlep now justifies the outcome later.

I want a Macbook Pro

I want it because my current laptop – which costs about the same is just not a Mac. Because then I can be stylish and look important.


Well, I could probably sell my personal laptop. But I am more interested in why I want this Mac so badly. I could justify it by saying I need it for creating iOS apps, but not that I have any apps outside of work that’s currently on the app store. I think the main thing is I want something a bit smaller. 

My current laptop is HUGE and hugely powerful. I am just not yet convinced that a mac would add more value to my life than my current laptop.

Action Plan:



Here you go, my confessions for wasteful money week. 

I think the take home from this post is this: we all have a few things that we waste money on. The important thing is if it adds value to your life. 

If it does, keep it. If it doesn’t, get something that does.

Remember, some things in life you can never get back – if your family is gone, they’re gone forever.

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