We Tend Discount the Future AND the PAST

We hear a lot of people say that they wish that had spent less in the past so that they have more now we less often hear people say that they should have spent more in the past.   We live in the present and so it is hard to compare the enjoyment now with past OR future enjoyment.  Cheapskates like us tend to over estimate the joy that we will get from having more money in the future.  This is a major reason why we over save.

We also tend to over estimate the security that money will bring.

My grandmother once told my father "If you would enjoy it get a new car now while you can enjoy it.  When you are old you will not be able to enjoy it so much."

This Blog

This blog is to help compulsive savers spend.  It seems that most Americans spend too but believe it or not their are so Americans who spend too little.

One of the goals of this blog will be to get cheapskates to spend at least 2/3 of their income or the median income in their country which even is less on consumption in most years.  Now if buy a home or own a home you are only consuming the depreciation not he full price, same with cars or other long term assets.