We spend most of our healthy adulthood trying to earn money but few stop to think what is the true motivation behind that. Even the few who think about it don’t get the required help to answer the question. Morgan Housel’s book aims to do just that. It will put you on the right path. There is so much wisdom and “thought initiators” in the book that can keep you hooked and you will find many times pondering about yourself as you read the book. The earlier you are in your adulthood, the better it is to read the book.. rather imbibe the book. It will give you a lot of food for thought, lay down the framework how to live your life, what to prioritize, figure out the “whys” of your motivation, know what to spend your time on and know what to spend your money on. Value your independence over the money you earn and more importantly, take it slow. It is the kind of book you wish never ends and you can go on reading. Keep this in your kindle, keep a hard copy in your shelf and keep reading it as often as possible.

A strong 3.5! I really enjoyed this book. It was an engaging nonfiction with lots of great tidbits of wisdom. I feel like I can now move forward with some financial insights in mind. I shouldn’t let money have power over me and it shouldn’t become my identity! I LOVED his correlation of reading and money. So interesting! I also highlighted so many lines in the book.

My only two complaints are: quite a few references to evolution and some swearing. There is both major and minor swearing. See content warnings below. I didn’t enjoy the evolution references and that’s because of my own personal faith/spiritual reasons. However, the author is a good writer with excellent insights. I will consider reading his other books! Also, please note that the swearing isn’t heavy.

Thank you to NetGalley and the publisher for an ARC copy of this book in exchange for a review. All thoughts are my own.


Content warnings:

Use of B*lls***

Use of the f word twice but it is bleeped out

Some minor swearing

“The Art of Spending Money” by Morgan Housel is a fascinating look at how we think about our finances. We are all (I hope) taught how to earn money and how to save it, but nowhere in my background were there lessons on how to spend it. Housel’s point is that money is like any other asset: you have it to use it. How each of us chooses to use what we have is up to us. He urges us to spend wisely without attaching emotional value to the decision or the item/service. Housel weaves anecdotes into what could otherwise be a very dry topic, making it practical, interesting, and easy to digest.

Thanks to NetGalley and the publisher for the ARC.

I’ve followed Morgan Housel’s work for years, having read both The Psychology of Money and Same as Ever. Housel is a skilled writer with a rapid-fire ability to weave quotes, anecdotes, and facts into sharp, digestible insights. His talent lies in making complex ideas feel simple, which has always given his books a wide appeal — especially for readers who prefer lessons delivered in quick, memorable bursts.

The Art of Spending Money continues in this vein, but with a more fragmented style. I can see Housel working through something like meditations on money. The book contains a series of counterintuitive thought experiments and koans about money, each offering moments of clarity but lacking the cohesion of Housel’s earlier work. There is value here, particularly for longtime fans, but the whole feels more scattershot than his past efforts.

For those already familiar with Housel, it’s worth exploring; for new readers, his earlier books remain the better place to begin.

A compelling sequel to The Psychology of Money, shifting focus from wealth-building to the art of spending. Through anecdotes like a LASIK patient’s unmet expectations and a $21,000 armchair purchase, Morgan explores how psychology, envy, and identity shape spending more than numbers. The book rejects universal financial rules, emphasizing that happiness from money varies individually. With chapters like “Utility vs. Status” and “How to Be Miserable Spending Your Money,” it offers insightful, relatable reflections. Though the uncorrected proof (220 pages, 11 provided) limits full evaluation, its accessible style and personal dedication to “Kellie, the unicorn” shine. It’s a thought-provoking guide for aligning spending with personal values, ideal for readers seeking a richer life beyond spreadsheets.

Morgan Housel is back with another book on personal finance, and this one is the best since The Psychology of Money , IMO. This is one of those books you wish you could have read XX years ago (depending on your age and situation in life) to help you understand the importance of spending wisely and where possible, unemotionally.

As with previous books and much like his podcast, Housel tells stories related to spending in easy to digest chunks. Chapters are relatively short and each one offers one or more pearls of wisdom. Some are anecdotal that you have probably heard before like ""if you don't control your money your money will control you" but the purpose is illustration, not trite writing.

I found quite a bit to relate to, and again, would have benefitted from such wisdom years ago. As a retiree, one of the toughest things to face is how to spend money you have worked your life to save. I'm conservative, but also want to enjoy life and have fun with things like travel and dining out. Still, there is a voice inside my head at times that says I'm spending needlessly and should avoid such behavior. Housel tells the reader this is a common issue for retirees, and it is better to enjoy the money you have worked your life for rather than fret about losing it with poor spending decisions.

Regardless where you are at in life this book can be very helpful. I highly recommend it.

My thanks to the author, publisher and NetGalley for the opportunity to review this book in exchange for a fair and objective review.

"Spending money is more art than science."

"What brings one person joy may leave another feeling empty."

This book was an interesting follow up to "The Psychology of Money". One of the main perspectives it seems to focus on is that most peoples financial decisions seem to be linked to their obsession with using it for attention and respect. This seems to coincide with the world of social media that we see now. While this thought process has always existed, it seems to be more blown out of proportion now that social media is something that is so wide spread. While the social media part wasn't exactly mentioned in the book per say, it was a modern day correlation that I made, there are numerous other examples and stories shared within these pages by the author.

While not everything in this book personally resonated with me, I did find quite a bit of helpful information. One of the things that made me pause and really think, was something called the "reverse obituary", which really speaks to the theme of this book in general. Keep in mind that it is called "The Art of Spending Money", not the definitive end all be all of how to spend your money. Morgan Housel's suggestions within this book are definitely going to be relevant to a broad range of readers. The passages about FOMO and small expenses and their ability to wind up being profound over time are something I wish I would've read about when I was just starting out financially. Thank you to Portfolio and NetGalley for giving me the chance to read and review this ARC. My opinions on this piece are my own.

This book made me feel less guilty about spending on things that bring me joy. It’s not about being reckless, but about being human. A compassionate guide for mindful living.

4.5 stars rounded upto 5

If The Psychology of Money was about how to earn and grow your wealth, The Art of Spending Money is about what to do once you have it. But this isn’t a book that tells you what to spend on, no list of “smart” purchases or budget hacks. Instead, Morgan Housel gives you the tools and mental models to decide for yourself what makes a meaningful life.

Key takeaways for me:

1. People who enjoy their work don’t need to overspend to feel rewarded. The urge to “treat yourself” fades when the day-to-day feels fulfilling.
2. Happiness isn’t tied to abundance, it’s the feeling that nothing is missing.
3. Social media turns envy into an Olympic sport. J.P. Morgan’s insight about watching your neighbor get rich holds more weight today than ever, because now, everyone online is your neighbor.

There’s also a brilliant 12-level framework on financial dependence vs. independence that reshapes how you think about freedom.

This was one of my most anticipated reads of 2025, and it didn’t disappoint. A reflective, quietly subversive and deeply human read that nudges you to define wealth on your own terms.

Only point of improvement is cutting out some of the repetition and the slightly preachy section at the end.

Actual: 4.5 stars ✨

I was really excited when I got the chance to read the advanced readers copy from the publisher, and it definitely did not disappoint!I found myself highlighting some many parts of this book, that I could fill a whole page with them. Like Morgan Housel’s first book “The Psychology of Money”, this offers a unique mixture of personal finance, economics, psychology, and history. And yet, it all works really, really well! I will definitely be buying my own physical copy when this comes out in October.

Thank you to Netgalley and the publisher “Portfolio” for this Advanced Readers Copy.

#Netgalley #MorganHousel #TheArtofSpendingMoney

Interestingly, he does not give advice but suggest aspects to decide for yourself if your current habits are working or not. Additionally, Housel writes about some paradoxes of finances and wealth. One example: paying attention to the bigger expenses will help you save money and you should ignore smaller expenses; yet, paying attention to the small things can lead to big savings over time. While he highlights some of the super-wealthy and their mistakes and regrets, he also illustrates principles with ordinary, everyday middle income examples. In every case, spend with purpose. This book will help you determine what that purpose is (or purposes are) and how content you are with that goal.
If you’re struggling to maintain a budget, this book will be helpful. If you have financial peace, this book might help you redirect some spending to areas that do provide pleasure. Or satisfaction.

The Art of Spending Money offers a clever and insightful look at the social psychology behind how we spend what we earn. As a follow-up to The Psychology of Money (probably one of the only books I quote regularly), Housel does an excellent job examining both sides of the coin, never judging a single approach to spending—because with enough information, every decision makes sense.

The book is practical and easily digestible. While much of the subject matter isn’t necessarily groundbreaking or new, it does a great job of reframing familiar ideas and reinforcing themes and recommendations through stories and anecdotes that make this a—dare I say—fun finance read.

For anyone struggling with money choices or simply wanting to assess their decisions more thoughtfully, The Art of Spending Money is an enjoyable and reflective read.

Thank you to NetGalley and the publisher for providing me with a digital ARC for review.

This book is a insightful follow-up to "The Psychology of Money," diving deeper into the often-overlooked human aspects of personal finance. It explores why we make the financial decisions we do, emphasizing that our money habits are deeply rooted in our individual life experiences. It challenges the conventional view of wealth, suggesting that true financial well-being comes from understanding our motivations and seeking independence rather than just accumulating possessions.

What I like about the Book
> Focus on Personal Perspective: It powerfully highlights that "personal finance is more personal than it is finance," encouraging empathy and understanding towards different spending habits, acknowledging they are learned from life experiences.
> Challenging the Pursuit of Status: The book wisely points out that we often desire expensive things not for their utility, but for the "respect, attention and admiration" they might bring, pushing readers to consider deeper sources of fulfillment like intelligence, humor, and empathy.
> Redefining Wealth as Independence: It brilliantly reframes saving and financial goals around gaining independence. The idea that "saving for the future creates independence today" and that "wealth without independence is a unique form of poverty" is a truly transformative perspective.
> Practical Wisdom on Debt and Savings: The analogy of savings being a "claim check on the future" and debt being "a piece of your future that someone else controls" is incredibly clear and motivating.
> Insightful Observations on Money Habits: From explaining why "quick money tends to be spent quickly" to highlighting the inverse relationship between a problem's attention and its importance, the book is full of concise, thought-provoking insights that resonate long after reading.
> Relatable Examples: The use of real-world examples, like the Vanderbilt family and Anderson Cooper, makes complex ideas accessible and demonstrates the concepts in a compelling way.

What I don’t like about Book
> Repetitive Concepts: A number of concepts and even some examples from "The Psychology of Money" are repeated here without adding significant new value for readers who have already consumed the first book.
> Shift in Tone: Towards the end, the book takes on a more preachy tone, which feels like a departure from the conversational and analytical approach adopted in the majority of the book.

Should You Read The Book?
Absolutely, yes! If you've read and enjoyed "The Psychology of Money," or if you're looking for a refreshing, human-centered perspective on money and happiness, this book is an essential read. It will challenge your assumptions and provide clear, actionable insights into building a truly "pretty nice life."

Morgan Housel's The Art of Spending Money provides context for the read how to think how they can spend money in a way that fosters happiness. Many of spend money on the wrong things for the wrong reasons. All of us judge other people's money decisions. Most of the actions we take don't make us happier.

What I love most about this book is that many of the examples are not about money. This is not a financial planning book. The goal is not to make more money or save more money. The goal is to help readers understand how to make their money work for them instead of working for money.

The non-money examples make the book more accessible. Housel has a wide funnel for the books he reads, but he's also okay with not finishing a book. Maybe he got everything needed out of the introduction or maybe it wasn't what he expected. Trying lots of things gives us exposure to new things, some of which might be unexpected sources of happiness, finishing books we don't like can make reading tedious and reduce the amount we read.

Happy Money by Elizabeth Dunn is a similar book.

Thanks to NetGalley and the publisher for the advance copy in exchange for an honest review.

I didn't have to know what this book was all about. Just the name of the author, Morgan Housel gave me a surety that I would be learning something new that I did not know before. As a continuation of the author's earlier books and especially 'The Psychology of Money' which without question is one of the best financial books that anyone shall ever read, this book is about the 'art' of spending money. As the title itself suggests, spending money is not a science with well established rules, formulae and equations. It is an art like cooking with customizations based on one's tastes, available resources and personal priorities.. More importantly, this book tells us what not to do with money and/or in the pursuit of money and also helps us obtain insights from the lives of other people and learn from their mistakes instead of reinventing the wheel for ourselves. Definitely 5 stars.

Interesting anecdotes and straightforward advice on how to spend well. Focus on the important things and less of the keep up with the Jones. It might appeal to those who haven’t thought about the topic too much. Long form narrative style. Thank you to the author. Thank you to #netgalley and the publisher for an ARC.

Morgan Housel has quietly become one of the most important voices in personal finance—not because he teaches you how to get rich, but because he helps you understand why you even want to.

In The Psychology of Money, Housel reframed wealth as a behavior, not a 47-tab excel tracker. In his second book, Same As Ever, he made the case that while the world changes, human nature doesn’t. And now, in The Art of Spending Money, he takes on the most underexplored part of personal finance: not how we make money, but how we use it.

This isn’t a how-to guide or a budgeting manual. Rather, it’s a mirror. Instead of shaming you about buying expensive lattes, Housel asks better questions: Why do you spend money the way you do? Is it about freedom or fear? Status or security? Validation or revenge? The result is part therapy session, part philosophy class, wrapped in bite-sized stories and anecdotes that land with a lasting impact.

The best part is that he doesn’t preach. He just lays out the human side of money—flaws, contradictions, and all—and lets you decide if your current habits are actually getting you where you want to go.

It made me think twice about how I spend, and even more importantly, how I judge others for how they spend. Because, as he says: “All behavior makes sense with enough information.”

Thanks to @netgalley and the publisher for the advance copy in exchange for an honest review.

Rating: 4.4 / 5 ⭐️⭐️⭐️⭐️

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This is one of the best books about money I’ve ever read, no exaggeration. I haven’t read any of Housel’s other books, but I definitely will be after how much this book has affected me. It throws out the cliched advice of countless other finance books that sing the praises of saving for the future while avoiding jumping to the opposite end of the spectrum of living only for today (because YOLO!). I’ve always struggled with my relationship to money, due to having grown up poor. This book has given me so much food for thought and has covered a philosophy I never thought to consider. I will immediately be purchasing and reading the authors other books and will happily add this one to my physical library upon publication as well. This is a book that everyone can benefit from, rich or poor, to make you reflect on how you think about money.

This is Morgan Housel’s best book yet! I went in thinking it might repeat ideas from his earlier work, but it didn’t at all. The Art of Spending Money brings a fresh and powerful perspective on how we think about money and what we choose to spend it on.

I not only learned a lot, but also found myself reflecting on my own spending habits. I'm also less inclined to judge the way other people spend their money after reading this book, after all, "all behavior makers sense with enough information" (Housel, 2025). It’s the kind of book that sticks with you long after you finish it.

I’ll definitely be buying a physical copy when it comes out. I can see myself coming back to it again and again. Highly recommend for anyone interested in making more intentional, thoughtful financial choices.

Thank you to NetGalley and the publisher for the ARC of The Art of Spending Money in exchange for an honest review.

Everyone who has ever been tempted to “keep up with the Joneses” should read this book. Housel first describes why it’s titled “the art” and not the science because the best way to spend money may be different for everyone. Some need to buy the Ferrari and some shouldn’t because they would only do it for the wrong reasons. But it’s not just Ferraris, mansions, yachts and so on, we can be careful about how we spend on the little things as well.

The author starts with a distinction between rich (easily measured income and assets/net worth) and wealthy which is wisely using riches for your goals and purposes and not being “owned” by your wealth and things. So the main advice is to ask why you’re spending the money the way you are: to gain admiration, seek approval, garner influence and power, satisfy an appetite or itch, overcome some past hurt or snubbing, succumb to the familial or peer expectations, and so on. For example, he writes about the Vanderbilts, once one of the richest if not the richest families in the world. Within a few generations, the family was bankrupt because grandchildren and great-grandchildren followed an expressed dictum of “spending no matter the pleasure” whereas other socialites were seeking pleasure no matter the expense. So we need to be aware of some hidden social, emotional and expectation costs to how we spend our money. What are we telling others about us by how we decide to buy or not buy?

It’s not a new idea but it’s valuable that Housel puts here. Don’t look up at others and figure out what you don’t have; be content. In another research study, silver Olympic medal winners are more unhappy than bronze medal winners. Silver medal achievers seem to only look at how close they were to gold while bronze winners are delighted they weren’t fourth or fifth. Similarly, people (especially CEOs) can get trapped into believing their and their organization’s successes are due to their own efforts, without acknowledging that “luck” may have had a part in it, while poor results or disasters (loss of job, e.g.) are caused by others and so people often end up with victim mentality. People can often fail to recognize when a behavior or decision has stopped providing positive results because something has changed. And vice versa, something has changed and what was giving you less than satisfactory results now starts working. Housel counsels against this hubris of believing you’re the champion or the victim.

Interestingly, he does not give advice but suggest aspects to decide for yourself if your current habits are working or not. Additionally, Housel writes about some paradoxes of finances and wealth. One example: paying attention to the bigger expenses will help you save money and you should ignore smaller expenses; yet, paying attention to the small things can lead to big savings over time. While he highlights some of the super-wealthy and their mistakes and regrets, he also illustrates principles with ordinary, everyday middle income examples. In every case, spend with purpose. This book will help you determine what that purpose is (or purposes are) and how content you are with that goal.

The book reminded me of Thorstein Veblen’s hundred year classic, “The Theory of the Leisure Class” and its corollary that the upper socioeconomic caste is obsessed with “conspicuous consumption.” Some of Housel’s ideas are not new but he has pulled a lot of financial threads together.. Also, I found the author’s perspective helpful in reminding me of some past experiences. I had a friend, an executive, who continued to drive a 20-year-old, rusty Corolla because “it still gets me to work, no worse than a new car.” Meanwhile, as a fellow executive, I was advised to upgrade my vehicle—not to any ostentatious or excessively luxurious model—to show my staff that desiring to be in my position was capable of providing the means for improving their lifestyle. Again, there can be hidden social, emotional and expectation costs to our decisions.

If you’re struggling to maintain a budget, this book will be helpful. If you have financial peace, this book might help you redirect some spending to areas that do provide pleasure. Or satisfaction.

I’m appreciative of the publisher providing an advanced copy.