“The paradox of money is that when you have lots of it you can manage life quite cheaply. Nothing is so economical as being rich”

Robertson Davies


Spending to save?

I love the sound of that!

While it may strike you as totally counterintuitive there are actually situations where spending may save you money in the long run!


Ordering groceries online

This is my favourite one because I absolutely hate grocery shopping and not just because you end up buying way more than you initially planned, it detracts from my other more fun shopping.

While it may sound like a luxury it really is a great way to stick to a budget and even do some meal planning if you are able to get into the whole “being organised around your food thing”.

In addition you can price compare and make sure you are in fact getting the best deals.

Beware though a “special offer” is generally not that special as I’ve often found out so be extra vigilant before falling for these.


Meal delivery services


Now I have to say I’m a little sceptical of this one and haven’t tried it out myself but a blog from the recently financially independent “Monevator”  on how he used these services in his journey to financial independence got me thinking that maybe it’s worth a try.

The delivery boxes offer apparently easy “make at home” options that come with the exact ingredients and the recipe.

According to my google search on this, most proponents say it’s a great way to improve your cooking skills, cut down on waste as you can take any leftovers to work as your lunch meal, and stick to a budget.

Watch this space I’m getting enticed to try it, the unskilled and unmotivated chef that I am, and will give some “real” feedback as to my experience.


Buying higher quality items

It’s tempting when you are trying to stick to some sort of a spending plan to buy the cheapest especially when it comes to the big-ticket items such as appliances and even clothing.

But generally, the higher cost items do prove to be a little more robust, for example when I first moved to London, we “invested” in a cheap washer/dryer which cost around £150 or so and two years later ended up buying a more expensive separate washer dryer,  which cost around £800 in total and are still going some 12 years later. So basically, the cheap item cost us £75 per year for those 2 years and our more “extravagant” purchase has cost us around £67 and may still run for a few more years, hopefully!

When it comes to clothes, the same applies. Shop for the best quality you can afford, ignore fashion fads and consider previously loved to save yourself from clutter and the planet from cheap throw away clothes while you save money over time.


Buy healthy foods

Again, budgetary constraints may make it seem frugal to buy processed, less healthy items but over the long term this is going to have an impact on your health. Not to mention the temptation you may start to have to splurge on a takeaways to get away from the possibly less tasty cheaper food you are opting for.

When it comes to health, cutting corners is not an option and as we are thinking long term and looking to live a wealthy life both in the now and in the future, being in tip top physical shape is the way to do that!


Having insurance


Insurance is expensive and it’s often one of the items we consider cutting or not having when we are implementing our savings plan, but this is as counterintuitive as the spending to save story is.

A big emergency could prove hugely costly from both a monetary or quality of life perspective for any dependents should you have them.

Being smart about the insurances you do have could save you and your family a lot of money and financial hardship in the future.


Building fun spending into the budget


Being ambitious about your future financial goals and creating financial freedom is the way to approach money, but in reality, our time is the really scarce resource in our life equation and not enjoying every moment that we have is the biggest waste.

And money is ultimately merely a tool to enable us to make the most of our time.

So how do we go about reconciling building our nest egg and still living life?

By planning and directing our money accordingly. If we carve out a specific amount each month to do something that is meaningful to us, we get to keep going with our wealth accumulation plan while still having the best fun. And it will be the best fun because we have forced ourselves to be mindful about identifying what that is to us,  as well as delaying our gratification to attain it.


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Hey there!

Michelle here,

You want to become financially independent and grow your wealth?

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I help women build their financial intelligence. This means we talk money, earning it, saving it, investing it and growing it.


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