Trust me, early marriage/career/kid portion of my life was super tight moneywise. Electricity was shut off for nonpayment, the mailbox was full of “reminder” notices, and every day was stressful. Payday would come . . . and the money would all go. It felt like I was working ridiculously hard with no personal benefit!
But then careers flourished, businesses started doing well, and the kids grew up and moved out. Money! We could go out to dinner if we felt like it. We could go on vacation and enjoy it! I could (and did!) travel the world.
My husband is very concerned about retirement. I am not planning to retire and seem to be doing my damnedest to spend it all now. Yes, I realize that’s really dumb, and I’m trying to be better.
One thing that we are enjoying doing and are doing well is gifting our money away. Want to know how and why it’s making my life better? Here are some of the things we do:
- When my children were little we had a tradition of having “child’s name” Day. On that day, I would take the day off work, take them out of school (not every year, but sometimes), and spend the entire day doing whatever they wanted to do. For my son, it was Spring Training games with the Chicago Cubs! For my daughter, it was movies and shopping. I do the “days” with my local grandchildren now, but on weekends. They like to go to Dave and Buster’s and have lunch and play games for (insert sarcasm here) amazing prizes.
- As the grandchildren have turned 13, I started the tradition of taking a pair of them (opposite families are close in age) to Disneyland for a few days. The oldest two kind of got screwed because I learned a lot about getting the most out of Disneyland after their trip, but it is an experience they all will remember for a long time even after I’m gone.
- This year saw a new tradition as my oldest granddaughter graduated from high school. She was offered a piece of jewelry or a trip. She chose a trip to Sedona and we had a great time together. Selfish? Yep, but how else do you have several days of quality time with an adult grandchild?
- For our son’s 40th birthday this year, we sent him and his wife on a bucket list trip to Wrigley Field and to see two Cubs games there. My son had a quadruple bypass at 32, so 40 is kind of a big deal around here. Of course, now we’ll have to do the same for his sister when she turns 40. My daughter-in-law posted this picture on Facebook during that trip:
Immediately upon seeing the picture, with eyes tearing, my comment on Facebook was “I see an 8-year-old boy in a 40-year-old man’s body looking over a baseball field that he has been waiting to touch since spring training games introduced him to a baseball team that became part of his heart (even the rebuilt one!)” This one moment was so worth it!
So what do I get out of spending the money I work so hard for in a manner that some people would say is “frivolous”? Joy, satisfaction, the opportunity to show my love with experiences, memories, encouragement, and all the feels, ALL of them. All of that instead of more “stuff” that could be bought with that money filling an already full house and leaving the sorting of all the “stuff” to our kids when we’re gone.
Experiences are always preferable to the things on the Amazon wish list. And, of course, you will enjoy it even more if the experience includes you! Extra memories! Amazon wish lists are easy. Experiences are harder but worth so much more. If you ask one of my grandkids what they got for Christmas the year they turned 13, I guarantee they won’t remember. But if you ask them what they did when they turned 12/13, I do know what they will say . . . DISNEYLAND!
And experiences aren’t always costly. Experiences include traditions. Traditions like holiday dinners, “Santa footprints,” Christmas Eve pajamas, Christmas in July with $20 limit on gifts to exchange, just getting together with people you love to celebrate holidays, birthdays, or life.
Honestly, I may regret it when I get old and have spent all of my money, but I’ll have great memories and I’m pretty sure one of my kids or grandkids will take me in. You can’t take it with you. While I’m trying hard not to be dumb and spend every penny (trying REALLY hard), I am going to spend as much as I can as long as I can making great memories for me and my family.