Is spending money a crazy thing to do? Why do people spend money? What do we get out of it?
In this article I will try to understand those questions.
Why do people spend money? Well for lots of reasons, first you have to spend money to live. Food and housing are not free, and some how healthcare isn't either, so to live in this country to must spend money.
There are however reasons to spend money beyond covering your subsistance. Many people I know, including myself will spend for pleasure. Whether it's to go out for a night with the guys or spending on some frivilous consumer item, we tend to spend money on all kinds of nonsense, but why? In the moment it is hard to resist the urge to spend, the urge to be like those near you, and to be able to partake in the activities they are partaking in. But do you need it? I think the answer is usually no. However we need to evaluate what you get out of spending to understand why you want to spend.
What do you get out of spending money? You get to participate, you get to be apart of whatever activity everyone else is doing. Spending money is also powerful, it gives you the ability to request something, and someone give it to you. People can also buy things to try and show status or success, (though a truy successful person will not feel so empty that they need to project it onto other people) they are seeking attention or approval, perhaps both.
GenY, I think you're talking bullshit mate, you buy stuff all the time. Right you are. It's a process, to migrate from the cult / religion of mass consumerism to the world of sanity and logic is not instant. But I am working on it, I've got a nice reserve of capital buit up that I am not wasting on an Xbox One (I've got a 5 year old 360), or a better car (same car since I was 18 - 5 years ago) so when it comes to big purchases (wastes) I am improving. However I still struggle to deny smaller items that are just as worthless (eating out / partying).
So if you're spending money, what should it be on? Well that is entirley up to you. However, I think it's logical to spend money on education and experiences (within the bounds of reason). Especially if you can mix the two :) .
All right, what's the summary here? Avoid buying nonense, don't buy worthless consumer junk, and try to find something more valuable than happyness via cheap trinkets. A smart man told me "happyness is a fleeting feeling, so I dont chase it, instead I chase peace".