Burning question: What is your purpose for money?

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This week I thought I’d chime in with one of Danielle LaPorte’s Burning Questions from a week or 2 ago:

What is your purpose for money?

This is such an important question to ask yourself if you have any desire to work for yourself, monetize your blog, or really do anything with your life other than go to work and pay your bills.

For me personally, in the last few years I’ve realized that my purpose for money is to buy back my time and pay for experiences.

Part of this comes from being married to my best friend – we’ve spent the last 8 or so years sharing the load of working versus going to school. Helping financially support each other to help reach goals. Jointly deciding on what to spend extra money on and saving towards our new house.

Right now – both working full-time – I am out of the house about 50 hours/week at work, and he is out of the house maybe 80+ hours/week at work. And all I can think about is if we had the money to pay our bills we could get our time back and spend it together instead of apart at work.

The second part of this comes from growing up in a family that made traveling a priority. My brother and I never had TVs in our bedroom or brand new cars when we turned 16 …. but we were able to go on family vacations basically every summer. To places like Yellowstone, Colorado, Washington DC and so many other places.

At this point in my life, I feel like I have all the THINGS I need. Between the books I already own, the library, the internet and Netflix, I can be entertained for the rest of my life without buying anything new. We have *enough* furniture (although I’m sure guests would prefer a real bed, versus an air mattress). Our cars work fine (for now).

It’s the flight to Europe that I need money for.

If I had the money to buy back my time and travel, I could do an 8 week language immersion school in Mexico.

If I had the money to buy back my time and fund experiences, Andrew and I could go on a full-United-States road trip.

As Andrew and I work out our budget – figuring out if he can go fulltime freelance, figuring out how much money I HAVE to make if I change jobs – we are constantly conscious of our purpose for money.

We want our time back….. and we want to use that time for experiences.

What is your purpose for money?

Read more answers from Danielle’s readers here

{ 4 comments… add one }

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  • Kam June 25, 2012 at 12:35 pm edit

    I was wondering what brought up this topic yesterday!

    I recently came to the conclusion that I’m okay working at a job I don’t particularly enjoy as long as it affords me to pay for experiences and traveling. I treasure my 9/80 working schedule because I get every other Friday off that I can use for three-day getaways or for a new class or to try a new recipe that I don’t have enough time to try during the week?

    This is such a great topic, I’m interested to read what others think

    Reply
  • Amy June 26, 2012 at 8:30 am edit

    We were actually talking about the book Danielle LaPorte wrote – I gave Justine this ? as an example of LaPorte’s writing

    I feel like I would be OK w/ a day job that pays the bills if it was like yours – closer to home (so less driving) and 9/80 …

    But, honestly if I was a trust-fund baby and didn’t NEED the money to pay the bills, an office day job is the farthest thing from what I would do with my time.

    Reply
  • Anna (sixtyfourcolorbox) June 28, 2012 at 9:49 pm edit

    All through high school and college (yes, I started solo road trips in high school) that I worked so I could travel. Fast forward a few years and a passport full of countries and now I am working on establishing a debt free life so later in life I’ll be able to travel once again. I guess it’s all about travelling for me.

    Reply
  • Nancy July 1, 2012 at 3:05 pm edit

    What a great question! My purpose for money is paying for experiences with family, friends and preferably with some travel involved. It has always been a struggle for me to make work a priority beyond the fact the we needed the money to pay bills so we weren’t living on the streets. I would much rather be spending my time with my husband, kids and friends and going on awesome adventures with them. If I had a huge amount of disposable income it would be all about finding cool places to go and bringing those that I love along to experience them with me.

    Reply
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