BubblyBurrito
BubblyBurrito

I find it so hard to spend on myself

I come from a poor background, but somehow I worked extremely hard and now I earn decently well (above 60 LPA cash).

My problem is- I don’t mind spending on others. In fact I don’t even think twice before taking my card out and buying things for family or friends. I have also lent money to multiple people when they are in need of help (total close to about 2-3 lakhs). But it doesn’t bother me even a bit. I don’t even care about whether I’ll get it back or not.

But, when it comes to me, I find myself struggling so much and questioning my decision to buy things even as cheap as INR 200-300. And most of the times I find myself going extra miles to save a few bucks. In fact, I also recently downgraded from a bigger to smaller apartment, because I have been doing so much maths around saving 7-8K a month.

Maybe there is some part of me that feels that I don’t deserve any of this.

Anyone has any idea how to fix this?

11mo ago
SparklyBurrito
SparklyBurrito
Amazon11mo

Nothing wrong, do you have peer pressure from family/frirends to save more than they are doing or do you have a number in mind to target (1cr/2cr)

maybe start by spending on things that you find value or improves your health/quality of life

BubblyBurrito
BubblyBurrito

Actually no peer pressure. I save decently already. My portfolio has recently touched about 1.5 cr. I think I am trapped in this endless rabbit hole of wanting more. Few years ago, my target was to have 50 lakhs in bank, when i hit that, it changed to 1 cr. And now that i have surpassed it, I’m looking forward to more.
The thing is - I kind of feel embarrassed to call people at my home, because I literally have nothing. I don’t even have a work table/chair. And when I think of spending on them and on other things like furniture and all, I feel like they’re super unnecessary. I have even considered rentals, but then I end up computing the annual fee, and discard the plan.

BubblyBurrito
BubblyBurrito

In fact, I recently got a bed because someone was selling it at cheap rate. Before that, I just had a mattress.

SillyPretzel
SillyPretzel

Get a girlfriend

GoofyBurrito
GoofyBurrito

Lolol, Get a girlfriend and revisit this post after 6 months. Banda puchna start karega bc aur paisa kahase aayega suggest karo..

SillyPretzel
SillyPretzel

Yes, problem solved. A good partner would teach him to spend on himself and his lifestyle. Not extravagant spend per se.

GigglyRaccoon
GigglyRaccoon
UKG11mo

Do whatever good keeps you happy. I think there's nothing to worry, it would naturally come to you on how much you need to, how much to want to and how much you wish to spend on yourself.

Spend atleast to the level you can enjoy the kind of life you want to live given your current monetary income.

If spending a bit on yourself gives you substantially greater comfort, peace of mind and a sense of enjoying your time, given you can afford that expense, don't stop yourself. Spend it. It will help you gain a sense of fulfillment to an extent.

FluffyCupcake
FluffyCupcake
Amazon11mo
  1. Set certain % of earnings per month to yourself.
  2. Make sure you use that money only on you.
  3. Don’t live in regrets, few years down the line when you won’t have opportunity to spend.
SillyJellybean
SillyJellybean

Don't need to spend if you don't want to spend. Invest it and grow it so you can spend it on others and when you need to spend on yourself later.

There will be medical bills in the future, old age is a bitch. If you can grow that money well enough you can sponsor other old people in their retirement care too.

Sky is the limit with more money, it can be put to many good uses. I would say don't force yourself to spend on yourself if you don't actually need to.

Too many people get caught up in this habit of upgrading lifestyle even when not actually required. Those savings can be a lifesaver in times of need.

GoofyCupcake
GoofyCupcake

It's actually a blessing in disguise. Too many people have an overspending problem.

GoofyBoba
GoofyBoba

You deserve all of what you're getting! You've worked so hard for this I'm sure. Spend on what you love.. Don't let social media influence you with FOMO. If you like eating outside, go out frequently, if you like movies, watch new movies.. As long as you're debt-free or are able to save over 40%-50% of your income, you're doing fine. Even if you're not, that's fine too.

Live a life you can look forward to every day. And never let yourself feel that you don't deserve something. You've worked for all this! 🫰

DerpyUnicorn
DerpyUnicorn
Swiggy11mo

There is nothing wrong in saving, comes from our upbringing. And I say we because I am in a similar boat.
What helped me is to realise beyond a point saving money isn’t gonna drastically improve my life. That extra 10k I save in a month wouldn’t make a big impact on my bank balance. However if I spend that 10k on a massage, a good dinner or in your case a good chair, I will end up being more relaxed and cheerful. And that is important because your success in life, monetary or otherwise depends a lot on how relaxed and comfortable you are in life

DerpyUnicorn
DerpyUnicorn
Swiggy11mo

Ek hi life hai, if u are dead u are dead.

SnoozyPotato
SnoozyPotato

When you come from a background where financially it was tight and difficult growing up and you let go of all the small small things you wanted to own as a kid, during teenage and even college, sometimes the mind gets wired up sub’s consciously to start questioning on spending on oneself, ignore all these thoughts, I was in same boat till few years back, start appreciating what was life like and where you are now, indulge in spending a bit for yourself, all the savings is going to be use for family.

Spend some on yourself now, the age the time nothing will come back again, 20 years from now all what will left is - what if I had done this

PerkyWalrus
PerkyWalrus
CARS2411mo

It's okay, you really don't need to fix it now.

PerkyWalrus
PerkyWalrus
CARS2411mo

Also, Congratulations on the background change👏

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