How to Buy Nice Things and Not Feel Guilty About it



We’re often asked why Stash Wealth only works with high earners in their 20s and 30s, AKA millennials.


Short answer: Because we want our clients to be able to buy nice things! And unfortunately, those who have waited until they’re older to get their financial sh*t together may not be able to do that. They’ll have to commit way more money to save for retirement and other goals because they’re playing catch up on all the potential growth their money has missed out on. Waiting even just a few years can cost you big.


This may sound harsh, but it’s true. Ever heard the saying “time is money”? Well, time MAKES money, too. The earlier you start, the more time your money has to grow. This means you won’t have to save as much overall, leaving more cash for you to enjoy today. Said another way, the sooner you start, the less you have to compromise – and no one wants to compromise.


Now that you’re preparing for the future (we recommend putting 20-30% of your income toward future goals and paying down debts), let’s talk about how to use the rest of your paycheck. Following these 4 tips you should be able to stop feeling guilty whenever you go shopping.



One of the ways to achieve everything you want today, tomorrow, and years from now is to consciously think about what you value and what you don’t. Then, stop spending as much on the things you don’t care about.


Whether it’s the best restaurants, designer golf clubs, or semi-annual spa retreats, life is more enjoyable when you are treating yourself to the things you value most. We’ve become a culture of unconscious spending because everything is accessible to us at all times. We don’t really have to pick and choose, but as soon as we do, our sense of satisfaction and gratification immediately elevates. Just try it. Before making a purchase, ask yourself: “Do I really care if I have this or not?”



The people you surround yourself with are likely the biggest influences on your spending. Dinners out, bachelor/bachelorette parties, summer house rentals, the latest gadgets—there’s a lot of pressure from friends and peers to spend. Unfortunately, they’re not always things you actually want to do or buy. It’s okay to say “no” to that wedding invite from a college acquaintance you haven’t spoken to in 5 years. You shouldn’t feel obligated to spend money on something you don’t really want to do, especially if it’s going to be a burden financially!


The same goes feeling pressure to buy things you don’t need. If your iPhone 7 is still working, do you really need the iPhone X just because your friends have one?


If having the latest tech is important to you, then by all means, upgrade. But be honest with yourself. If you’re just buying it to keep up appearances, it’s probably not worth it.



There’s a big difference between being frugal and being cheap.


Frugal spenders are conscious spenders. They know what they value and they are willing to spend on it. All purchases are not created equal; buying something you really want is way more satisfying than paying for something you’re not as psyched about.


Cheap spenders, on the other hand, nickel and dime everything. This is a surefire way to never get rich! Being cheap might save you a buck at the moment, but it rarely pays off long term. You may actually end up spending more money fixing or replacing a cheap purchase than if you’d just sprung for the higher quality version the first time around.


Next time you’re out shopping, don’t look at the price tag of items that catch your eye. Instead, think about how much you’d be willing to spend on each item. Once you’ve got that number in mind, you can check the price. If the item costs more than what you were willing to pay, walk away. If it’s the same price or less, treat yo’self!


We love a good shopping story. Share your experiences in the comments below.


For more financially savvy lifestyle articles like this, click here to read more.

SHOWHIDE Comments (3)
  1. Outside influence was a major problem for me when I got my first "big girl" job! Once I got my act together, I quit shopping and eating out with girlfriends and was able to aggressively pay off student loan debt. Everything’s great in moderation but it’s tough to say no when your peers spend money.

  2. Wow Taylor! Great work on sticking to your financial priorities. Very inspiring that you were able to stay focused on your end goal and pay off your loans. That’s no small feat. Hopefully that has freed up extra cash for you to enjoy now and/or put towards other goals. Congrats!

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