How to create your own list of what's 'acceptable' to splurge on.
While saving is usually the focus of early retirement discussions, saving exists only in relation to spending. Everyone spends something, no matter how frugal your habits.
Depending on which blogs you read and podcasts you listen to, you’ll get a pretty clear sense of what “we” have deemed acceptable, and what we haven’t: • Physical things that help you do activities are acceptable, but physical things that you merely enjoy owning are not. What I value that’s not on ‘The List’ I often use our many pairs of skis are proxies for all of our spending, to demonstrate that we’re willing to spend real money on things that we truly value and that let us live our best lives. But we’re not minimalists living in an empty shell of a house with a garage full of gear.
If I listened to the conventional wisdom about what types of expenses are acceptable and which aren’t, I’d feel guilty about buying makeup, because it’s not a necessity by any definition, nor is it on the fairly male-centric “approved list.” But it’s fun and I’m enjoying learning how to apply it, and that’s what matters, not whether you would choose to spend your money the same way, or whether the FI subreddit would approve.
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