Last week over at The Simple Dollar, Trent Hamm wrote a post called “The Danger of the Rich Act.” Trent is discussing what he calls the “rich act:” people who find themselves in a stable, healthy financial situation and make the decision that they can afford to do more. Go to nicer restaurants, more expensive vacations, etc. Because of this, many people lose touch with things they may truly enjoy (usually the cheap things).

In many ways, this makes sense. If you’ve paid off all your debt and have plenty in savings, why not spend a little more money for enjoyment? There really is nothing wrong with that if you do it the right way, which unfortunately many people don’t. Just because you can afford to go to a nicer restaurant, doesn’t mean you should when you love the local diner so much.

Also, don’t forget how you got to be financially stable. Whatever method or plan you used, we’re sure it didn’t involve going overboard with spending. If you feel you can afford to loosen up some with your enjoyment money, be sure you work that into your plan and have room to budget for it. Don’t just start spending because you feel like you can afford it. Otherwise, you may quickly find yourself on the opposite side of your financial situation.

As Trent discusses:

“Just because you make $100,000 a year doesn’t mean that the things that brought you pleasure when you made peanuts stop bringing you pleasure. Don’t walk away from the meals you loved, the old friends you’ve made, the dive restaurants you’ve enjoyed, or the simple pleasures that you could dive deeply into. “

There is nothing wrong with that local diner if it’s what you love, whether you make $10,000 or $100,000!

Next week’s post will be on Tuesday due to the observance of Memorial Day.

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