FloatingMochi
FloatingMochi

Confused by my Spending habit

Hello why do I want to buy less costly items? Whenever I try to buy anything I try to buy the cheapest items. When I try to travel then also even though I can easily purchase First Class tickets still I get a different thrill in booking other classes which cost significantly less. I have all my friends booking/ buying the most expensive but I am unable to do that. My colleagues are buying iPhone pro max but even though I also want to buy but I am not buying from past 2 3 years. Moreover if I spend some 200 or 250 on eating outside I feel guilty.

1mo ago
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Round 1 by Grapevine
SnoozyKoala
SnoozyKoala

Nothing wrong with it bro trust me. These stupid social media and all the people have fomo and buying things they don't need.

No worries, your behaviour is correct but understand sometimes it's ok to get something nice for you

FloatingMochi
FloatingMochi

Ya I can relate to you

MagicalMuffin
MagicalMuffin

True. For most items it's perfectly fine to be feugal and buy cheaper options, because the value gain va the price gain is there most times

SquishyMochi
SquishyMochi

I struggle with the same. Can't buy or afford business class tickets but yes for everything, I take forever to make up my mind to buy anything for me which is outside of utilities.

This comes from a scarcity mindset that I have. Lot of people suffer from it. But I'm not embarrassed by it. I call myself not cheap but extremely resourceful.

FloatingMochi
FloatingMochi

That's really great summation.

FloatingMochi
FloatingMochi

New way of thinking

GigglyPanda
GigglyPanda

Wanted to buy an iPhone 2 years ago, just because I never had one ever since it launched. Ended up buying iQOO 12 and converted iphone folks to iQOO 🤣. That is a crazy phone in all aspects. I have the bank balance today to buy one but probably will need millions in my bank to buy one.

FloatingMochi
FloatingMochi

You summed it all man😄

ZoomyMuffin
ZoomyMuffin

Iqoo has some of the best phones! Iqoo 12 and Neo series are worth every last rupee.

JazzyKoala
JazzyKoala

Join r/fugal India , you will find many like minded individuals .

You are not alone and neither weird.

In fact you are exceptionaly sensible.

Keep it up.

JazzyKoala
JazzyKoala

Read as Frugal

FloatingMochi
FloatingMochi

You won't believe, there are some fb groups where I see people selling items when they are relocating. I find myself scrolling those posts.😄

BubblyPotato
BubblyPotato

Kyuki ye dil hai ki manta nahi

PrancingPotato
PrancingPotato

+1

PerkyWaffle
PerkyWaffle
Gif
BouncyLlama
BouncyLlama

Your spending behaviour is perfect. Don't lose it by comparing with your friends.

FloatingMochi
FloatingMochi

Oh ok but they say that's why you don't have a girlfriend. They suggest getting an iPhone and some watches

DizzyKoala
DizzyKoala
IBM1mo

This is a very good habit I would say. You will see benefits in long term. I have 5cr in mutual funds, 3cr worth house and still do the same as you. No car, using 10k phone, no expensive buying. All the assets are fruit of it.

FloatingMochi
FloatingMochi

That's splendid

SillyMochi
SillyMochi

Gen Z problems 😆

FloatingMochi
FloatingMochi

You are true. I don't see my managers having iPhones who are millennials

JumpyRaccoon
JumpyRaccoon

I'm quite similar to you. I had a typical middle class upbringing. I may have the money to buy the things I want but I debate a lot inside on whether do I really need it or not at that point of time.

I've got my sudden urge to buy expensive stuff many times in the past. I do my full research on the product first and then I just forget about it for the next 2 weeks. If I still have the same level of interest and urge after those 2 weeks, then only I will take the next step. This has stopped me from buying a lot of unwanted stuff. My shopping carts are usually empty for the same reason.

Your friends and people around may have a lot of stuff which makes them "look" rich. But remember, being rich is different from being wealthy. Because trying to look rich seeking validation is where people end up in debt traps. And it's a never ending loop after that.

Need based more than want based. Rational more than emotional. That's how I prefer seeing money.

1.5L emergency fund in the bank is still better than an iPhone in hand (and literally everyone has an iPhone today, how is that even an achievement?)

It's okay to pamper yourself once in a while. But it shouldn't become a habit. Only you have the control on where you draw the line.

FloatingMochi
FloatingMochi

Ya that's true

PrancingBiscuit
PrancingBiscuit
TCS1mo

Totally agree with this and someone identify myself being frugal...don't know if it's middle class upbringing or too mature but whatever, this habit won't cost anything that's for sure

FloatingMochi
FloatingMochi

You are perfectly fine.

PrancingBiscuit
PrancingBiscuit
TCS1mo

Yeah found my people

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