Wisdom//

Americans Spend 22 Percent of Their Monthly Income Treating Themselves

Treat. Yo. Self.

 Toshiro Shimada/Getty Images

By Monica Torres

Treating ourselves to a nice dinner or a fun concert may help us feel good, but it can come at a high cost. A recent survey of 2,000 Americans by Eventbrite and research company OnePoll found that we spend about $199 a month, or 22% of our disposable income, on non-essential items for ourselves.

All those pedicures, massages, and nice fancy “treat yourself” moments quickly add up to $2,388 a year.

We would rather pay more for experiences

We feel less guilty about paying a premium for once-in-a-lifetime experiences than for luxury retail items. Participants said they felt twice as guilty for spending money on material goods than for experiences, which may explain why Americans spent a high average of $368 on special one-time experiences.

Lately, self-care has become a popular catchphrase that encompasses everything from self-esteem and self-improvement to material luxuries we use to self-soothe our weary, worried brains. The business of self-care — all those wellness institutes, motivational speakers and self-help books promising to heal us physically, mentally, financially or spiritually — are clearly convincing us, or at least, our wallet. Self-care is estimated to be a $9.9 billion dollar industry. It’s no wonder that we are tempted to spend more to attain a better self.

After a long day at work, it is good to wind down and treat yourself kindly. Just remember to not get played by the expensive temptation of self-care. It is possible to make a self-care routine that feels extravagant without the price tag of extravagance.

Sign up to receive daily news, inspiration, and advice on how to master work and life from Ladders

Originally published at www.theladders.com.

The Thrive Global Community welcomes voices from many spheres. We publish pieces written by outside contributors with a wide range of opinions, which don’t necessarily reflect our own. Learn more or join us as a community member!
Share your comments below. Please read our commenting guidelines before posting. If you have a concern about a comment, report it here.

Sign up for the Thrive Global newsletter

Will be used in accordance with our privacy policy.

Thrive Global
People look for retreats for themselves, in the country, by the coast, or in the hills . . . There is nowhere that a person can find a more peaceful and trouble-free retreat than in his own mind. . . . So constantly give yourself this retreat, and renew yourself.

- MARCUS AURELIUS

We use cookies on our site to give you the best experience possible. By continuing to browse the site, you agree to this use. For more information on how we use cookies, see our Privacy Policy.