I’m a Recovering Tightwad

Posted by Mrs Money on April 28th, 2012

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I’m starting to realize that before I had a baby, I was pretty much a tightwad.  Since my baby’s been born, I’ve loosened up a little.  For instance, I’ve purchased a few new outfits for her that didn’t come from a thrift store.  I’ve purchased new cloth diapers that I didn’t really need just because I wanted to try them or they are cute (I can also re-sell them if I don’t like them, or when I’m done with them).  We’ve used the dishwasher and dryer more times than I’d like.  We probably aren’t saving quite as much money as we could (but we’re still saving).

I’m happy.  Spending a little money on things that are important to me makes me happy.  Hoarding my money doesn’t do me any good if I’m miserable.  One of my 2012 financial goals was to find a nice balance, and I’m still working hard to achieve that.  It’s a constant struggle for me, because most of the time I think I should live as cheaply as possible in order to save the most amount of money that I can.

Sometimes it’s overwhelming thinking about all the things we need to save for: unexpected expenses, retirement, the baby’s college, new vehicles, etc.  I have to tell myself as long as we’re saving something, we’re doing okay. Life is about experiencing things and living life to its fullest.  Having a baby really makes you have a new take on life, and I never imagined it would be this good.

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11 Responses to “I’m a Recovering Tightwad”


  1. Good for you, Mrs. Money! If things are going good financially and you have extra money to spend, then I’m glad you are doing a little splurging. :-)

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  2. I look at is as having the money to spend BECAUSE we are tightwads. We can spend money on what means the most to us because we have made smart decisions. I’ve been feeling guilty about spending money on exercise lately but it is something that I enjoy and it makes me feel good. It will possibly also save me money for my health later.

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  3. Nunzio Bruno says:

    It’s funny because I feel like the opposite is happening to me. I don’t have a family to support but I can feel myself actually getting tighter with my spending – and I used to be a heavy spender. I think it has to do with the amount of uncertainty I’m carrying, for me anyways. I’ve recently increased the investment and pivoted my business a bit and since them I’ve been hypersensitive to spending. I think I have to find a balance too :) It’s interesting how different environments and risk aversions can have crazy affects on what motivates us.

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  4. Yay for you! It’s so easy to get carried away and end up living life as an extreme tightwad (or an extreme spender), but you’re right – life is also for living, so it’s fun to splurge once in a while. So long as you’re saving… you’re moving in the right direction.

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  5. Mike Collins says:

    Good for you! There’s nothing wrong with splurging once in awhile as long as it doesn’t get out of control. Enjoy your little one!

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  6. Great for you that you are loosening up. What is the point of the extra money if you can’t enjoy it a little bit!

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  7. Once you find the balance life becomes easier – just trust this.

    Balancing having the standard of living you want against the money you wish to spend is like a see-saw. Some months its up -others its down.

    And you are right -as long as you are saving something you are ahead of the game.

    So relax – go cuddle that baby.

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  8. Enjoy that baby – time passes so quickly and they don’t stay little long.

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  9. what good is money if you dont use it on the people you love. our expenses went dramactically up when our daughter came. i cant spend any money on myself, but when it comes to daddy’s little girl, its like a whole different person.

    so i can totally relate.

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  10. Deacon says:

    I know how you feel about feeling like you want to pinch every penny but still enjoy life. My wife and I have a monthly budget meeting and look over our progress. During one of those meetings we decided to have a FUN category and allow ourselves to enjoy life but know that it fits within our plan. Congrats on having a baby!

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  11. Marie says:

    A good read must say. If you have ample amount of savings with yourself and you are completely debt free, you can definitely spend an amount from your extra savings as per your choice. After all money is there to get spent for human need and comfort. It’s just you have to make sure so that no matter whatever happens, your expenditure never crosses your total income. Otherwise that’s going to be alarming.

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