The other day, I was picking up my morning coffee before class. It was an expensive affair, from one of those Melbourne speciality cafes that manages to produce miracles out of the simple combination of coffee and milk. As I tipped out my purse to salvage the last few coins that I had left, I got to thinking: Am I spending too much money on ‘treating myself?’. And more broadly, where is that line between ‘living your best life’ and living beyond your means.
The Bigger picture
My generation spends more money on treating themselves than any other generation has before us. This was first highlighted in the news a couple of years ago when Australian millionaire, Tim Gurner, advised Millenials that if they want to get a house, they need to stop wasting money on ‘$22 a pop toast’ and put the money towards a mortgage instead.
Now, I am in no denial as to where my money goes. I only need to log on to my Commonwealth bank account to see that my wages have been spent on numerous transactions for daily coffees, brunches out and a few too many fancy cocktails at the weekend. My bank app even puts my spending into handy categories for me, telling me that I spent $100 more dollars this month than the last on eating out. Whoops.
In defence of brunch
So, I’ve established where my money is going. Now, what should I do? Work more, pay the rent, say no to Friday night drinks out and save the money instead? Well I know that’s the sensible thing to do- and as an accountants daughter, maybe that should be instinctive. The thing is, what’s life without those little luxuries? What’s the point of living in Melbourne, a city famed for some of the best food and coffee in the world, if I’m making pasta pesto for dinner every night instead. Life’s a balance and if it’s a weighing game between living beyond your means and living your best life, If you’re going do it, do it while you’re young.
I say, Get Smashed, Avo good time and don’t worry about it
So as I go into another week, I can safely assure you that I’ll be picking up another one of those fancy coffees tomorrow morning- and I’ll be meeting my friend for a bite to eat after that. Of course, life is about balance, and I don’t advise brunching out daily if you can’t afford to pay the bills. However, with that extra little bit of leftover cash, why not treat yourself?
Soon you’ll be so busy in that full-time job, fixing up that house you just bought and paying for the extras that you’ll only dream about the days you had time to eat avo toast in a grungy Melbourne laneway cafe.
What’s your favourite way to treat yourself? Share your thoughts in the comments.