In Discussions, Money, Wealth

It’s easy to spend money when it isn’t yours

All this talk about entitled brats, and the proliferation of shows like “Princess” (love!) got me thinking about how brats can feel perfectly fine with that kind of behaviour.

Mooching off their parents well into their 40s.

Feeling like an office job is ‘not their thing’, and they just don’t want to do it.

Frankly, it all boils down to the fact that it is easy to spend money when it isn’t yours.

Gold diggers have this mentality too (they sure work hard to get it though, with all that tweezing, buffing and squeezing into tight outfits), and if you don’t feel the pain of paying for something, you get used to having it.

rich-jewels-money-glitter

This goes along the lines with why people go into debt for consumer purchases.

It’s mostly because they don’t see that debt as THEIR money.

They see it as the bank’s money.

Being given to them to spend on whatever they want.


For free.

With only a small string of a 30% interest rate attached.

No big deal.

Listen, if they had money saved from blood, sweat and tears, and then were told to spend it frivolously,they’d think twice.

It’s probably also why they’re cheap, selfish and don’t want to be generous either — it’s too painful to give when they’re used to taking.

Does it feel easy to spend money when it isn’t yours?

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Sherry of Save. Spend. Splurge.

Millionaire at 36 after getting out of $60K of student debt in 18 months, a little over a decade earlier, using TheBudgetingTool.com. Since then, I have paid my $600K home in cash (my half was $300K), my $180K casr in cash, worked 50% of my career (taking 1-2 year breaks), and quadrupled my income within 2 years of graduating, going from $65K to $260K with an average lifetime savings rate of 50%. I could retire today if I wanted, but love my work-life balance as a freelancing consultant in STEM (Science, Technology, Engineering, Math). I am all about balance - between time and money, and also enjoying my money. I also post daily on Instagram @saverspender.

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10 Comments

  1. The Asian Pear @ Blogspot

    I’m the complete opposite. I hate hate spending money that isn’t mine. I rather not buy if that was the case. I feel like I owe that person and that’ll bother me forever til I feel the debt is repaid.

    Reply
    1. Mochi & Macarons

      You’re one of the rare few then 🙂

      Reply
  2. Cassie

    I absolutely get how spending free money is much easier than money you’ve earned, especially if you don’t have to pay it back, but I’m not sure I agree that people view credit cards and the like as “the bank’s money”. Personally, I never looked at my credit lines as someone else’s money. When I was at my worst, I looked at available credit as an extension of my income. It had my name on it, therefore it was my money (or so I thought). I think for me personally it may have actually helped to view my credit as someone else’s money, because then it would be more obvious to me that I’d have to pay it back again. That being said, I can definitely see where you’re coming from with this line of thought when watching people like those on Princess (love that show too!)

    Reply
    1. Mochi & Macarons

      Hmmm

      Maybe like free money the bank lent you to do whatever with?

      I thought that once with my line of credit in college and felt as though my line of credit was a pool of money to be used, but not necessarily ‘debt’.

      Reply
  3. B. (Below Her Means)

    I love spending money that’s not mine. It only happens when I get a per diem for work but it still feels incredible.

    Reply
    1. Mochi & Macarons

      True but the per down is to compensate or pay you while you are working. It really isn’t taking someone’s money outright for doing nothing.

      Reply
  4. Kandice

    This is why my grades went way up in law school. My parents paid for undergrad and I paid for law school. Same thing.

    Reply
    1. Mochi & Macarons

      Interestingly, my grades were lackluster during b-school and I paid for it entirely.
      Although when I say lackluster I mean not the top 10% but I was also working 2 jobs while in school.
      Maybe you really felt the $$ pain because you were established after undergrad and realized the true financial impact more than I did at the time of my undergrad.

      Reply
  5. Bridget

    Yes! This is why it’s so easy to treat yourself with “gift” money you get at birthdays. And I agree with B about per diems, I love spending those.

    Reply
    1. Mochi & Macarons

      Or when you go on dates ;)?

      Reply

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