Lisa and our good friend, Sharon Greenthal, who blogs at Empty House, Full Mind, asked the question “What is worth spending money on?” Money is a private and often touchy subject, yet the respondents were candid and their answers, revealing. Here is the post appearing today on both blogs.
In the weeks between tossing out the turkey carcass and dragging the Christmas tree to the curb, the average American family is expected to spend $740 on gifts in this brief, intense shopping period. As the year winds down we will also give generously, writing checks for $79 billion in charitable donations or a quarter of our annual giving.
How we spend our money speaks to who we are and what we value. For each of us it is a trial and error process. We spend impulsively, and we live to regret the purchase. We save up carefully, and the object of our desire become obsolete or out of fashion. We buy things or experiences, we invest in education, and charity and with each step learn more about our personal relationships to money and more about ourselves.
How we spend our money is a sticky, complicated question that is burdened by the behavior of our family of origin and says something about the example we hope to set for our own children.