Retirement Quick Tips with Ashley

What You Should Stop Spending Money On After COVID - Ep. 592


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This week, I’m talking about re-evaluating your spending during COVID-19. 

Yesterday, I talked about what you’re desperate to spend money on.

Today, I’m talking about the opposite...what you don’t truly value that much and what you can and should let go of after COVID. We all engage in mindless spending, or spending that’s fueled not by what we actually value, but spending that we THINK is necessary to keep up with everyone else. 

When it comes to travel, or your coffee run, eating out on the weekends, or your shopping habit, you have, in fact, been living without it and you may now realize it’s not that important to you. Good! That’s something to pay attention to. 

Back in February, before Coronavirus posed any real threat to our daily lives, as an experiment I decided to stop wearing jewelry except for my wedding ring, and cut down my makeup & hair routine to just the essentials for about 6 weeks. 

What surprised me is that I found it to be very liberating to not be so concerned with wearing jewelry or more makeup than is necessary. I didn’t really have a strong desire to go back to my old routine after my 6 week fast was over. Now I often leave the house with no earrings and little more than mascara. For a really long time, like years,, I’ve wanted a pair of diamond stud earrings. But now I realize I actually prefer wearing little to no jewelry, and I’m like “meh”. Don’t really care that much. Probably lose them anyways. 

A greater understanding about what really matters, and what doesn’t matter can be liberating & help you spend your time and financial resources on those areas that do in fact matter the most to you and forget about the areas of waste that really should just go. 

That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip. 

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Tags: retirement, investing, money, finance, finances, financial planning, retirement planning, saving money, personal finance, wealth management, money tips, fee only financial advisor, financial planner, financial podcast, retirement podcast, financial independence podcast

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Retirement Quick Tips with AshleyBy Ashley Micciche

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