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Spend Consciously, Live Richly

Written by Blake Teen on February 16, 2011.

Conscious spending is one of those buzz words you hear a lot lately in personal finance columns. I first read about the idea a few months ago in Kimberly Palmer’s book, Generation Earn. In case you haven’t heard about it, it’s the theory that money should be spent and enjoyed—just in a way that reflects your values and priorities. No need to spend less—just spend better!

That means with the cash you have left over after covering your essentials, you can get the $200 jeans, spend $2,000 on a Carribean trip with your buddies, or get a $100 hair cut. It all depends on your priorities. Here’s an example: if travel is your top priority, you may spend lots more on trips and live in a house with 3 housemates to save on rent. If you’re a foodie, you might drop a chunk of money on nice dinners out a few times a week, but not spend much on clothes. Brilliant, ri

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