On the weekend I had the annual gun punters club catch-up meeting where a few mates of mine get together and spend the day at the pub betting on horses, followed up by a night at the local casino. Obviously this isn’t the best use of my money and despite coming home with more money than I started with, it is unlikely that I could do it regularly.
Life is meant to be enjoyed, and for me having drinks with friends while watching the horse racing is a great way to spend the day, and by proxy, a great way to spend my money. I find that many in the personal finance space focus so heavily on saving money that they forget about spending your money on things that you enjoy. If you enjoy material possessions, then fine, but I feel as if spending money on experiences is something that is more worthwhile as the memories that you will form will last a lifetime.
What do you guys think? Do you agree that you should aim to spend your money or is it better to save it for a rainy day?