Tuesday, April 21, 2015

Financial Fast Day 2

I have a hyper-aware on how I spend my money these past two days.

I was at a coffee place (Paris Baguette, H-Mart, to be exact) on Sunday. The financial fast has not started yet. It would begin the next day. A financial fast is a commitment to refrain from non-essential and non-emergency spending. This means giving up restaurants, desserts, coffee. Another criteria of the financial fast, crafted by Michelle Singletary, is to use CASH only. Research has shown that if one uses card, we tend to spend 12-18% more.

I didn't want to buy anything. My normal, typical behaviour. But because the financial fast would start on Monday, I thought I should spend first. I bought myself bubble tea. And that cost US$5.30. OUCH.

I realise that my non-essential spending includes spending when I go out with friends. I do not value the coffee/tea/dessert that I eat, but the relationships that come with the typical 'going out to have a coffee' talks. I realise that I am fine not spending the money and just catching up with friends.

On the other hand...I was craving frozen yogurt today. I told myself that I will go to Yogurtland to sample some yogurt to satisfy my craving. On my way there, I was thinking to myself: this is a non-essential spending. How many people can categorise having fro-yo as essential to living? I spend my money on satisfying my cravings, the food I like. The things I like to eat. I spend my money treating myself to something I like. I spend my money treating myself to the occasional restaurant meal just because I have the means to.

I realise now that having a meal at a restaurant is such a treat for those who don't get it regularly. It can be a form of blessing to them. I used to think that rich donors who treat children to a good restaurant meal per year are just wasting their money. Why don't they use the money to feed more people. But this can be a form of blessing. It is nice to be pampered. It is a moment these children will remember and hold closely to their hearts. It's showing the children that they are worth more than the simple meal that they eat everyday. 

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