My Money Weaknesses – What Are Yours?

Today’s post is by our regular Wednesday contributor, Catherine Alford!

We all have weaknesses. When it comes to personal finance, those weaknesses can definitely become more pronounced. I’ve come a long way in terms of my spending and saving habits. However, there are still some things in particular that make me weak when it comes to spending money.

Delicious Food

I would rather have a $100 meal at a super nice restaurant than buy a designer purse. The purse, you might argue, would definitely last longer, but I love the experience of eating out, and I feel like it’s always a special treat to get to spend quality time with my hubs.

There are some amazing restaurants where I now live in Louisiana, and I am just pacing myself so I don’t spend all of my money on food! Maybe it’s a terrible habit, but to me there’s nothing quite as nice as going on a date and really treating yourself to a lovely, three-course meal. Since we are having twins next spring, I feel like we need to really live it up before they get here!

First Class Travel

I’ve been lucky to fly first class a handful of times, and every time it has been glorious. I’m not saying that to act fancy because I’ve never spent a lot on this type of travel. Every opportunity has been because of pure luck or in the form of very inexpensive upgrades (no $4,000 tickets or anything like that!)

Still, once I can afford it, I can see how this can become a big money weakness for me. It’s just nice to arrive at your destination or back home and not be completely exhausted. For some reason, the nice meal and the legroom just add that nice extra bit of comfort.

High End Electronics

I have an embarrassing number of high-end electronics. I just love them and find that they are so durable and long lasting (so long as you can resist getting the latest and greatest one.) Although I write off my technology as a business expense, I have spent a considerable amount of money on it in the past year (and will continue to do so as long as my job relies on it!)

There are much cheaper products that I could buy, but I went down that route in college and had to constantly replace my computer and phone. I know that’s not everyone’s experience, but it’s just a personal (and expensive) preference.

Quality Clothes

There’s a part of me that loves to dig in bargain bins at the store and there’s another part of me that tends to splurge on really nice, quality clothes in small quantities.

Although getting clothes on sale is really fun, it’s only worthwhile if they are quality brands that won’t fall apart during the first wash. I’ve been trying to break the habit of buying clothes just because they are on sale and focusing on the ones that will really last.

So, those are my money weaknesses, and I promise I do have some strengths too! However, it’s time to chat about yours. What do you splurge on? What can’t you live without?

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About Catherine Alford

Catherine Alford is a personal finance freelance writer who received a B.A. from The College of William and Mary and an M.A. from Virginia Tech. She enjoys sharing her adventures on her blog,


  1. One of my money weakness is going to a spa and have a massage. A good massage will really help me to release stress, it will feel me much better and I think it will renew my energy. 🙂

  2. Mine is good coffee. If I forget to bring mine from home, I ALWAYS stop for some. I will pay $2.80 (or whatever) for some Starbucks brewed coffee rather than hitting up the gas station. It’s something I really enjoy and that starts my day off right so I don’t mind spending a little extra money on it. And even for our coffee at home I buy good coffee rather than whatever’s cheapest at the grocery.

  3. Delicious food is definitely our weakness. We can cook some of it at home but there are some things that we can only seem to get when we go out, like Thai food!

  4. I have several weaknesses that I actively control. I love designer purses but seldom purchase them and when I do, only with cash I’ve saved for that specific purpose. I love eating out but we restrict that to once a week unless on vacation. My biggest weakness is books. While I have an amount for them in our monthly budget, I frequently go over and that has to come out of my personal “stash”.

  5. For me it’s the quality food. I can live without most other stuff, but we do like to eat good food. Fortunately we’re cooking it at home, so at least we’re not spending on eating out.

  6. Beverages. =). Mr PoP likes fancy beer and espresso, and I like flavored waters and electrolyte drinks for running.

  7. Eating out is one of my absolute favorite things. The food in NYC is so varied and so delicious, I want to be at a restaurant ALL the time! I also adore lulu lemon. I always have to talk myself out of walking in the store.

  8. My biggest money weakness is going out to eat with friends. Whether it is to a nice restaurant or even a Taco Bell, I love the experience of enjoying a meal with new and close friends too much to give it up!

  9. Buying quality clothes is definitely my money weakness. However if you are spending a pretty penny on digs that will make you be taken more seriously at work, I say go for it! (In moderation, of course.)

  10. I’m really attached to my favorite foods whether they are on sale or not. I also love going to the movies, especially when all the oscar ish movies start coming out.

  11. Gyms! I travel a lot and don’t ‘skip the gym’, no matter where I am. I have paid up to $25 for a single entrance. I just work out really hard while I’m in there to make it worth it! If possible I’ll try out a class (or 2) wherever I am too!

  12. I am guilty of all of those weaknesses, however I do not succumb too often. I have my regular restaurants which are pretty inexpensive and I stick to my budget for how much I spend. My wife and I still travel first or business class overseas, but we use miles we earn from our credit cards. I still buy quality clothes and electronics, but at a discount.

  13. Guilty of all of the above except first class travel (but there’s always time to pick up another money weakness ;-)) We definitely spend more money on take-out than I’d like, but it’s just so convenient it’s hard to give up.

  14. For me, it’s coffee as well as convenience with eating. At one time I was into nice, expensive places – and I’d still like to do that! However, there isn’t the time for that anyway with kids and other responsibilities – so convenience it is. This means dining out more that we should.

  15. Emily @ Urban Departures says:

    Hello! I recently stumbled upon blog and enjoy your posts. My weakness is good food and good clothes. I do love chef tasting menus and a good pair of shoes. My husband has a thing for high end electronics.

  16. My money weaknesses include getting my hair professionally colored, my nails done, and buying nice clothes that I can live without. But, what’s really more important than outer beauty? Oh, that’s right…inner beauty. Haha!

  17. I agree with you Catherine! I also have a big problem with my fascination to clothes and electronic gadgets. This two things really affect my money distribution. It’s nice to hear that I’m not the only person who have been through this expense problem. lol

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