By nature I am a rational person and that also goes for the way that I spend my money. I tend to think about my purchases a lot (many times too much) and I often put them “on hold” for a day or two, to analyze if I really need or want something.
That being said, even I (being a bit weird and all) have my moments where rationality is put out of the equation and I get something that is totally not thought through and I think that it is not necessarily a bad thing – as long as it doesn’t happen all the time! We don’t have to be in control all the time and letting go can be refreshing once in a while.
In Jason’s blog ForFundsSake he writes about 2 situations where he sees rational reasoning for irrational spending:
1) When the spending brings you (real) happiness (or added value) to your life
2) When the spending brings others happiness (or added value) to their lives
My most irrational purchase to date is called Susy. She is a 13 year old, not very beautiful and not especially nice cat that we took in in a moments weakness back in 2001 (I will not even post a photo as she might scare you off ;-))
At approximately NIS 100 (about US Dollar 30) a month for the last 13 years she has cost us about NIS 15,600 (US Dollars 4450) so far… Although the kids are not especially crazy about her, both Dear Husband and I have a certain attachment to her that you might call love and I would claim that she brings us a kind of happiness but maybe not added value 😉
So what are your examples of irrational spending?