One of my favorite things I’ve been able to do with money was something I did after finishing school, moving, and getting my first full-time job. I was out on my own, and I wanted to do something extra once I was independent.
I did the math, and while it may have been technically cheaper for me to stay on my parents’ family plan and they were not trying to kick me off, I wanted my own cell phone and plan. To me, having my own phone and being responsible for it was a symbol of my independence from the parental purse-strings.
It was nothing fancy; a black flip phone and the cheapest plan the company had, but to me it was a daily reminder that I could indeed support myself. I had done all the research, and gained a sense of satisfaction from having enough money in my small budget to provide for the necessities of life plus a little extra responsibility.
December, 2011 features several money mavens answering this question.