Q&A Tuesday*: Is It OK to Love Some of Your Money More Than The Rest of Your Money

Money

Today on Q&A Tuesday, we address a very important question about money:  

Question: “Is it OK to love some of your money more than the rest of your money?”

Answer: 

Yes, it is OK to love some of your money more than the rest of  your money.  In fact, not only is it OK, but it is totally understandable and perhaps even desirable.

But first, anybody who says they love all their money equally is simply not to be believed.  Indeed, isn’t it the case the most folks love $100 bills more than $1 bills?  I know I do.

But the issue is actually much more complex.

Let’s say you bet $5 in an important game of checkers with your BFF.  You win.  In such circumstances, I think it might be easy for you to love this $5 more than a lot of $10 bills, particularly if the 10 bills are really old.

And what about a new, crisp, and sturdy $10 vs. an old, in tatters, and ratty $20 bill.  I find those new, crisp, unmarked, and non-sequential bills loveable in a way that old, crinkled  $20s just can’t hope to match.

Take the three bills in the picture above.  The bottom $10 bill is new, in pretty good shape, and has a lovely curvy shape.  In other words, it’s really pretty.  In contrast, the $10 in the middle is old, faded, and has a nasty bend in the middle.  Stated differently, this bill is ugly.  So I love the $10 bill at the bottom so much more than the $10 bill in the middle.  I’m not saying the $10 in the middle isn’t lovable, but might we say it is an acquired taste.

Now, check out the $5 bill with its hot purple “5” in the lower, right-hand corner.  That $5 is sexy.  Taking all the variables into account, I love this $5 more more than the $10 bill in the middle but less than the $10 bill at the bottom.

Before closing, one quick story that I think will illustrate the practical applications of these concepts.

I was in a store, and the check came to $14.99.  I went to pay with one of my least favorite $20 bills.  The storekeeper picked up immediately on what I was trying to do.

He said, “Don’t you dare try to foist that $20 on me.”

Unfortunately, he caught a glance at one of my favorite $10 bills.  Pointing to this bill he gesticulated, “Give me that $10 bill, and we’ll call it even.”

“No way,” I said.

Eventually, I paid an even $16.00 in a mix of likeable, but mostly unlikable $5 and $1 bills.  And we were both happy.

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* If you would like to submit a question for consideration, you can do so in the comment section below or here.*  Please note: We cannot commit to answering any or all submitted questions.