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Embracing Self-Indulgence: Should You Splurge Your Money in Your 30s or 40s?

tips to save money this year

I’m turning 40 this year and I’ve essentially come to peace with the fact that I might be single for a long time; I don’t know what the future holds, but saving money for some indiscriminate idea for the future no longer makes much sense to me, personally.

Instead, I’ve decided that this last year of my 30s will be all about splurging. I’m going to take the trip to Berlin I’ve put on hold for years.

Last minute trip to visit family in Texas? Sure, why not?!

A new luxury cookware set I don’t really need but sure does look pretty in my kitchen? Yep, let’s get it!

Spend thousands of dollars to upgrade my rental apartment, despite not knowing whether my landlord will eventually raise my rent, or worse, evict me? Yes! I need a picnic table and astroturf and a bunch of grilling accessories for my rooftop barbecues. And, yeah, let’s install window blinds, a new air-conditioner, and whatever else I want!

Why? Because it’s fun to spend!

I always kind of actually enjoyed saving my money. Watching my savings account balance slowly go up, and keeping that money separated from my regular budgeting and money goals—it felt comforting. Comforting to know that my money was going to eventually be used with a romantic partner, a way to support ourselves and some unknown future boyfriend’s needs and wants. I’ve always loved spoiling people in my relationships—part of my giving nature.

These days, I rarely ever spend on credit (though I do have quite a few credit cards—just with low or nonexistent balances). Through our 20s, we’re usually struggling financially just trying to make ends meet. Hopefully by the time turning 30, you’ve maybe hit some personal life goals, had a defining relationship, and with any luck, set out on a positive financial journey.

Turning 40 marks a significant milestone in many people’s lives. It’s a time of reflection, self-discovery, and often, a reevaluation of priorities. For some, it’s also a moment to embrace the present fully, letting go of conventional notions of saving for an uncertain future and instead indulging in the joys of the here and now.

That’s why I’ve decided to use this last year of my 30s as a year of financial splurge. I’m tired of saving my money for some fantasy—a fake boyfriend?, a down payment on a NYC real estate?, another career break gap year? Unlikely. Let’s just have some fun while I’ve got this flexibility financially.

4 Financial Goals to Help You Splurge Your Money on Self-Indulgence – it’s okay!

Let Go of Future Fears

As we approach milestones like turning 40, the pressure to have everything figured out can be overwhelming. However, there comes a point where we realize that life is inherently unpredictable. Embracing this uncertainty doesn’t mean abandoning all responsibility; rather, it’s about finding a balance between planning for the future and living in the moment.

Letting go of the constant worry about what lies ahead allows us to fully immerse ourselves in the present, savoring each experience without the burden of future anxieties. It’s a shift in mindset from scarcity to abundance, where we trust in our ability to adapt and thrive, no matter what the future holds.

Embrace the Joy of Spontaneity

In a world that often feels scripted and routine, spontaneity is like a breath of fresh air. There’s a certain thrill that comes with throwing caution to the wind and embracing the unknown.

Whether it’s deciding on a whim to explore a new city or treating ourselves to an impromptu shopping spree, spontaneity reminds us that life is meant to be lived in the moment. It’s about breaking free from the confines of our comfort zones and embracing the adventure that awaits us.

By allowing ourselves to be guided by our impulses and desires, we open ourselves up to a world of endless possibilities and experiences.

Invest in Experiences

They say that money can’t buy happiness, but it can certainly buy unforgettable experiences. In our 40s, we come to realize that true wealth lies not in material possessions, but in the memories we create and the relationships we cultivate.

Whether it’s traveling to far-flung destinations, attending concerts and events, or simply spending quality time with loved ones, investing in experiences enriches our lives in ways that money alone cannot.

These experiences become the fabric of our identity, shaping who we are and how we perceive the world around us. In prioritizing experiences over possessions, we discover the true value of living a rich and fulfilling life.

Redefine Your Personal Self-Care

Self-care is often misconstrued as indulging in fleeting pleasures or superficial luxuries. However, true self-care goes beyond surface-level gratification; it’s about nurturing our physical, emotional, and spiritual well-being.

In our 40s, we learn to redefine self-care as an act of self-love and empowerment. It’s about honoring our needs and desires, even if it means deviating from societal norms or expectations.

Whether it’s treating ourselves to a day of pampering or simply taking the time to rest and recharge, self-indulgence becomes a form of radical self-acceptance.

By prioritizing our own happiness and fulfillment, we set the foundation for a life that is authentically ours.

Embracing self-indulgence in your 40s is not about recklessness or irresponsibility; it’s about reclaiming agency over your own happiness. By letting go of societal expectations and embracing the joy of the present moment, individuals can cultivate a life filled with meaning, passion, and fulfillment.

So go ahead, splurge a little—after all, you deserve it.