“We have to pay for the next big UFC show?”
This is what one of my friends asked me during the last UFC special on Fox. This was a free show and my friend enjoyed the idea of watching a sporting event. He just couldn’t understand why you would spend $50 to watch the same kind of show in a few weeks.
I happen enjoy watching most MMA shows because I love the idea of putting two monsters in a cage to see what who prevails victorious. However, this isn’t an article about fighting, so don’t run away if you’re not a fan.
This is an article about spending money and how we all do things differently.
There’s one reality about our finances that we should all come to accept. It’s simple:
We are all hypocrites when it comes to spending money. No matter how smart we think we are with our finances, we all have holes in our budgets that others could laugh at.
- One guy will mock his buddy for eating out dinner, while he spends $50 to order a sporting event.
- You laugh at your friends for watching movies in theatres upon release, while you don’t bother to negotiate your car insurance.
I could go on with the examples. I spend money foolishly on a fairly regular basis. While I try not to order sporting events too often, I do my best to focus on increasing my income while I save money on the major expenses. I do make many mistakes when it comes to managing my money (despite the fact that I write about money every single damn day!).
What do you spend money on?
Do you keep track of where your money goes?
Most of us have the same general expense: rent, food, clothing, and utilities. We all have different tricks for saving money here. You could choose to stay at home longer to save money or you could make a conscious effort to save money on groceries. These are all fun topics to discuss, but there’s one important underlying question here…
Do you pay for anything that others wouldn’t? I have a group of friends that I gather with to order shows and pizza. Spending $50 on a show isn’t a great investment. Ordering pizza and wings isn’t good for the physique or the wallet. Yet we still do it.
What are your luxuries?
We all have our luxuries that we love to indulge in to reward ourselves.
This could be sipping on Johnny Walker Blue on the rocks or hitting the beach once a year.
I spent more money than I care to admit on taking my youngest brother and I to the first ever UFC show in Toronto. I probably could’ve have just had as much fun watching the show at home or at a restaurant. A fan of early retirement extreme and super frugality would slap me across the face immediately.
Sure, I could come up with excuses. I do try to work hard. I’ve increased my income over the years. Life is short. You know, the usual excuses.
Where could you save money?
I sometimes wonder if I could save money by cutting back on some of my fixed expenses. If I stayed at home forever, worked like a mad man, and never went out, I would likely be a very wealthy man. All of those trips and meals add up.
Below are examples of a few thoughts that could go through my mind:
- What if I cut back my cell phone data? I heard on the radio that they finally want to stop three-year cell phone contracts in Canada. It’s about time! I really need to look into my cell phone plan. Considering that there’s wifi everywhere, why pay for data these days?
- Do I need to attend a niche gym? I spend a little extra for my gym membership because it comes with the option to attend unlimited MMA or fitness-related classes. Some months I probably turn a profit on the amount of classes that I attend. Other months, it just isn’t worth it.
- Should I be going out? I enjoy going out with friends for dinner or for drinks. Should I go out less frequently? Should I try to stay in?
I’m curious to hear about where you spend your money.
Do you spend money in ways that others wouldn’t? Where’s your small fortune going?