I haven’t lived in very many different places in my life, in fact I’ve only lived in three towns in my whole life. The first town I lived in from birth to age 13, so I didn’t really have a “budget” to stick to or spending to track at that point in my life.
Since then I’ve lived in two different towns, one from age 13 to 18 and 21 to present and the other is the town I lived while I went to college.
But nonetheless, I have noticed that where I live and work does have an effect on my spending habits. How location affects your spending can vary. Continue reading this post to find out more about how location affects your spending.
One way that location has affected my spending is the availability of shopping locations where I can spend money. The town where I went to college was decently sized with a shopping mall and lots of other chain stores. Since then, I’ve moved back to my hometown where there are very few options for shopping.
For the most part, having fewer options for shopping has helped me keep my spending in check. Now if only online shopping wasn’t so easy. 🙂
In my home town, there are not many options for weekend and evening entertainment. We have a bowling alley, a two screen movie theatre, and two bars. Other than that, we have to make our own fun.
This is the complete opposite of the town where I went to college. There the town had a 12 screen movie theatre, a whole bar district, a community bowling alley, a “fun center”, and of course the university’s student union was always an option too. Plus with so many different student groups and organizations there were entertainment events going on practically all day and night every day of the week.
Again, restaurant choices in my hometown are very limited and they get old after a while which means I either have to eat at home, or we have to travel to neighboring towns to get a little more variety for dining out. Just imagine what my dining out budget would be like if I had more restaurants to choose from!
My college town had numerous restaurants to choose from and since the community is actively growing there were new ones being built all the time. Having lots of restaurants to choose from makes eating out a fun adventure. My friends and I always liked to try out new restaurants, though it was sometimes difficult to decide where to eat since we had so many choices.
These are just a few ways that your location can affect your spending and I know there are many more. For the most part, moving back to a smaller town has been helpful for me to keep these discretionary spending areas of my budget under control. I still struggle with some of them from time to time, but just imagine how much harder it would be in a location with more choices!
How does your location affect your spending?