Earlier this week, I told you about times when I didn’t spend money and it was good, times when I did spend money and it was good, and times when I spent money and it was bad. The fourth category of spending/non-spending that I’ve been thinking of lately is times when I should have spent money but didn’t.
And you know what? There’s no incident that comes to mind.
Of course, there have been times when I’ve regretted not buying something that I later wish I had bought. At this particular moment, I wish I had bought a pair of jeans that’s now out of stock and unlikely to be restocked. But it’s not such a strong sense of regret that I would call not buying the jeans a bad decision. After all, I know that eventually I will find another pair of jeans.
I can see this category coming into play for situations that involve passing up a once-in-a-lifetime experience – say, that Alaskan cruise I’ve wanted to go on for the last 10 years. If there comes a time when it seems like a good time to go but I decide against spending the money for whatever reason, I could see a decision like that falling in the “bad” category.
I could also see the failure to buy something like insurance falling into this category. For example, you could have paid $400 every six months for car insurance but you don’t, then you get into a bad car accident that results in tens of thousands of dollars in damage. That kind of decision would also fall into the “bad” category.
But generally, it would seem that in regular daily life, there is little to regret about not spending money.