Announcement

Collapse
No announcement yet.

Feeling guilty about spending and saving money!

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Feeling guilty about spending and saving money!

    I feel guilty when i am spending money. I always have this thought in my mind that i should save up. Not sure for what though. Maybe for the future perhaps to spend on my kids inshallah and hubby. But then again i keep thinking that why should i save up? After all i have worked hard for this money. I know this sounds so so selfish that im having these kind of thoughts but nevertheless, i am always budgeting!

    I keep a track on whats going out and coming in. I havent got much saved up but i think its getting worse. There are people who spend what they earn. Im not like that. I have to keep atleast 70% of what i earn safe.

    Alhumdullilah i dont need to worry about bills etc as hubby takes care of that side. For example, i want to get my hair coloured...(pathetic example) and i know it will cost about 60-70 but then i think that i can do it myself for about 6 but not to the same effect.

    Do you think this is right? Should i be able to spend it on myself? On little things i do. Does anyone else do this?
    Now Scoot!

    #2
    Re: Feeling guilty about spending and saving money!

    the question i usually ask myself is: "why am i earning this money?" sure i save some of it for the house that i am going to buy, inshaAllah. Some for emergencies.. but really you work hard for the money you earn. Allah gives you the wealth to spend it on yourself and HIS way.

    I have a very simple system (at least i think its simple):
    60% of my pay (the whole month) goes into my savings
    10% for my own gadget buying craze (if the cost is not covered in one month i just wait till i end up saving that much)
    10% for my emergencies. such as some family member needs something etc...
    10% for my shopping (if needed, cloths, food etc..)
    10% goes to masjid donation

    so yeah i kept it simple.. works pretty good so far.. i hope to continue this even after shaadi, but i will probably change the 10% for family emergency to 10% for wife lol and scrap my gadget buying budget as well...

    we shall see.. nothing wrong with spending money on yourself as long as it is controllable habit
    mujh sey khushiaan ley gaya aur degya kagaz kay phoool
    abb meray ghar mein paray hain jabaja kagaz kay phoool

    Comment


      #3
      Wow...Ansoon...it does sound good. When you get married, priorities change. I mean before marriage, i used just save and save and Alhumdullilah i had managed quite well.

      When i got married, i realised that within a short amount of time, all that was saved up slowly disappeared. I paid for the photography, bridal makeup etc, presents for hubby and lil things for others. I didnt want to ask my parents as they were personal things to me so i was inclined to pay myself. i dont feel guilty at all. I would have if my parents had to foot even the smallest of bill.

      Yeah ur right. I can spend some money on myself - or treat myself as long as i know im not wasting it away as some ppl do.

      But still, i keep thinking maybe i shouldnt have bought this or that!
      Now Scoot!

      Comment


        #4
        Re: Feeling guilty about spending and saving money!

        Ansoon - Smart money management! You are on the right track! kudos to u!

        Comment


          #5
          Re: Feeling guilty about spending and saving money!

          i know how you feel Sunset... there are things i want to get done, like u said dyeing your hair or even a cut.. or maybe get a new pair of shoes... and i feel super guitly about it (Even though hubby reckons i dont.. but i do )

          Our thing is, we both work... all my money goes into savings or if we have saved a considerable amount, we can use a lil for holidays or buying things for our new house (which doesnt exist yet.. but will Inshallah in a few months)

          We use hubby's money to do everything else. Groceries, bills, rent, birtthday presents.. everything is from his pay.. and if we're not doing too bad, than we'll use watever is left over to splash on ourselves.. thats the way we do it. If we start spending my money, it means we're doing bad.. and going into "negative" (thats our term for not saving)

          also, hubby says... we work hard... we both work full-time and look after a lil nutter, so its completely A O K for us to look after ourselves once in awhile

          p.s the "my" and "his" money is to only point out the pays... its "our" money at the end of the day but to just to see how things are going we say "my" and "his"
          happy happy happy... happy happy happy

          Comment


            #6
            Re: Feeling guilty about spending and saving money!

            i honestly think any man who has wives like u two are incredibly fortunate.

            Question, was anyone here a crazy spendthrift before getting married and/or having children? did saving and not spending come automaticlaly or was it a difficult learning process?
            Last edited by Sara516; Dec 3, 2008, 08:05 PM.
            The grass ain't always greener on the other side, it's green where you water it.

            Comment


              #7
              Re: Feeling guilty about spending and saving money!

              I have a game plan.

              I'll walk away from whatever it is thats gotten my fancy and give it a few days.

              If after a week, it still holds my fancy than I'll spend money on it.

              Most of the time I realize after a week, i dont really want it.

              As for feeling guilty, nope, ive worked hard for the money and I dont feel guilty if i spend a bit on me.

              Comment


                #8
                Re: Feeling guilty about spending and saving money!

                I work to support the things that make me happy, so no i don't feel guilty for spending on myself or buying gifts etc.

                Comment


                  #9
                  Re: Feeling guilty about spending and saving money!

                  Sara, i never had savings prior to getting married. I used to spend like i was some queen.. honest. My mum was like "save ur money.. dont u want to get married!" and id be like... na im single and i can do watever... and now my mum says "uve changed so much" cus i budget everything... lol hahaha

                  Honestly, u should have seen how much id spend...

                  and yes, it was difficult. At least for me... Before i didnt have a reason to save.. but after i got married, it took my awhile to realise we have to work together to achieve something.. I had to prioritise everything, or learn (and i have to thank hubby for all that.. he used to grill me hehe). But now, i know exactly which way we're heading, so budgeting is not hard
                  Last edited by sadzzz; Dec 3, 2008, 08:43 PM.
                  happy happy happy... happy happy happy

                  Comment


                    #10
                    Re: Feeling guilty about spending and saving money!

                    i hope i start to feel guilty soon, couz at the rate that i'm buying shoes, its really sad. But this thread makes me wanna save my money..loll

                    Comment


                      #11
                      Re: Feeling guilty about spending and saving money!

                      ^ same here. but then I will end up at Victoria's Secret/Bed bath and beyond/sephora again and there goes my paycheck.

                      Comment


                        #12
                        Re: Feeling guilty about spending and saving money!

                        ^ if you set urself a goal its not that hard

                        it is very tempting to buy something, but as adrastia said, if u walk away and a week later u still want to get it, then get it.

                        I most of the time dont want it after 5 minutes. When i was single, it was a different story. Id prob go get something in 2-3 different colours cus i felt like it
                        happy happy happy... happy happy happy

                        Comment


                          #13
                          Re: Feeling guilty about spending and saving money!

                          When it comes to budgeting...Im horrible! However, when Im shopping and I see something that is a bit on the pricey side I wait a while before I make the move. I think about it, look for deals, see if there are alternatives and then I buy if its still on my mind.
                          Set your life on fire. Seek those who fan your flames. ~ Rumi

                          Comment


                            #14
                            Originally posted by strawberriesncreme View Post
                            I work to support the things that make me happy, so no i don't feel guilty for spending on myself or buying gifts etc.

                            Things or people :halo:

                            Comment


                              #15
                              Re: Feeling guilty about spending and saving money!

                              Gosh I wish I knew how to save. Once upon a time, I did. But now it just goes out the window. My father has been supporting me financially since like forever and now im working parttime but I still feel soooo guilty sometimes spending all that money of his. I try real hard to walk away from things that I like but I just cannot seem to stop myself from going back the very next day to get the things I put back on the rack.

                              I need to learn to stop shopping. But so many things are just necessities... makeup, makeup removers, facials, hand lotions, face creams, waxing, threading, mani-pedis, warm clothes, good shoes, heavy jackets, FOOD.... its hard to survive if you aint got the money.
                              it's the heart afraid of dying, that never learns to dance; It's the dream afraid of waking, that never takes the chance; It's the one who won't be taken, who cannot seem to give; And the soul afraid of dying, that never learns to live.

                              Comment

                              Working...
                              X