For most of us, exerting greater control over our finances primarily means one thing: cutting back on the amount that we spend. Even with the best budgeting skills in the world or the greatest investment plans, the amount of money that is spent will always be the single most significant influence on financial health.

If you have recently cut back on your spending, your finances will likely be transformed – but you may find that you personally undergo a transformation also. Many people find that cutting back on spending is rather thrilling; there’s a joy in finding a deal or using their imagination to find ways to entertain themselves while spending as little money as possible.

There’s no denying that finding joy in reducing your spending is genuinely good news – but it is possible for a desire to cut back to go a little too far. There are times in life when expenditure is justifiable even within the most trimmed of budgets, with the three situations below the most justifiable of all…

Spending on medical care

As reported on, a quarter of American families forgo medical care due to cost concerns. This choice often seems reasonable, and in some scenarios it may well be – but there is a potential downside that needs to be noted.

That downside is a simple matter of medical truth: for the most part, illnesses and injuries respond best to treatment if it is received as quickly as possible. By resisting the urge to seek medical help, you may save money in the moment, but you could actually end up paying more long-term if complications develop.

Spending to further your knowledge

Spending on any educational activity is justified for one simple reason: you’ll almost certainly earn more as a result of spending the money to bolster your knowledge. If you were to obtain a higher degree, sharpen your SEO skills with an online course, or learn to sell items on Amazon via the course provided by, then you’re not really spending – you’re investing in your ability to earn more in the future.

Spending on a once-in-a-lifetime event

If, for example, your favorite band from your teenage years reunite for a one-off performance, spending money on a ticket is justifiable. Provided the event is genuinely a once-in-a-lifetime opportunity, never to be repeated, it’s worth doing.

There is one, small caveat to be aware of, though: if you would need to go into debt to be able to afford the trip, that’s a different consideration, and one you should be cautious of acting on. If you have the funds available, however, a once-in-a-lifetime event is a justifiable expense.

In conclusion

Controlling your finances is all about balance; you can cut back elsewhere in order to have more money to spend on in areas where it may be beneficial. In the above cases, spending is not only justified but outright preferable, so it’s more than reasonable to allow yourself to spend in such circumstances. This balanced approach is likely to be the best choice, helping you to formulate a healthy approach to spending that will continue to benefit you for many years to come.

Greg Kononenko
Greg Kononenko

My name is Greg Kononenko and I am a full-time online blogger and owner of Dad's Hustle. I'm a dad, and my passion is to help other mums and dads to start their own "hustle" and improve the financial future of their families.

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