Over my life, I've noticed that my expenses for living fall into one of three buckets:
- Exciting buys
- Wise purchases
- Necessary costs
But I'm mostly curious about that first one...
What is your favorite kind of exciting buy?
My exciting buy might be a new musical instrument even though I have plenty, a new video game, purchasing art, a vacation, a luxurious meal, etc.
And less on the fun side of things, my other categories would shake out like:
- A wise buy might be investing in a house or business, putting money away for savings, or spending a premium on a BuyItForLife kind of purchase to avoid buying a new one every year.
- A necessary buy is probably the same as most others: housing costs, utilities, clothing, household goods, food, transportation, etc.
By dollar amount this year, it would seem to be home repairs, medical care and entertaining.