How to get out of cheap mindset?

[jclarke]

@amieeee Once before covid. Sonu Nigam. Had fun.

Yeah, should do more of that

 

[subhumn]

@pushkin OP bhai aisa kaunsa business kar rahe ho..yaha pe toh lagi padi hai loan nikalna mushkil ho rha hai

 

[jclarke]

@subhumn Bhai, web development ka kaam hai

 

[timfield47]

@jclarke think of cost of time. If taking a bus makes you save 5000rs per hour then totally worth it, if its below 500 bucks of savings then u r selling your 1hr worth of time for Rs. 500 which is underpriced. You could rather take a cab and spend time reading.

apart from that nothing wrong in saving money and living a frugal lifestyle. just dont confuse being a minimalist with being frugal. e.g. buying a quality chair which will add years to your backbone vs. a cheap chair, or a place to stay in city center which saves commute time vs. outskirts

other way is to explore FIRE and leanFire

 

[adamkaminski]

@timfield47 Nice answer.

 

[jordanfenwick]

@jclarke For me what helped was getting a budgeting app, I thought I was overspending and that middle class guilt was making me save more and more. Obsessively looking for investments that yeild 0.01% more than the other.

I got a budgeting app and set up budgets for each category and realised I do in fact save comfortably more than my targets for goal based investing and can easily spend a few thousand more.

Previously I used to feel guilty about eating fancy, now I have no guilt about eating the bougie food as long as I'm within that month's food budget and so on.

 

[jesustruegod]

@jordanfenwick Which app you talking about?