- Joined
- Apr 14, 2006
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- 23,059
True.
I'd add that think it's silly for people to criticize someone's spending when they can very easily afford it *and* it enhances their quality of life. We're not all wired to value the same things or to all find the same things "wasteful" and "frivolous."
To one person, eating out a few times a week may not add much enjoyment to life and to them, it therefore seems wasteful and spendthrift even if they could afford it. For some people it adds a lot to enjoyment of life. Beyond a certain level of thrift, refusing to spend on things you enjoy even though you can very easily afford it goes beyond frugal and begins to approach miserly.
One can live well below their means and still have discretionary spending that others would consider "wasteful." Still, I tend to follow the Dave Ramsey philosophy on this one -- there's nothing wrong with spending in and of itself; there's something wrong with spending you can't afford. And if someone can very easily afford a second home (even if vacant 85% of the time) and it improves their quality of life, more power to them. But yeah, it's not something I would call "thrifty" or "frugal."
Living below your means shouldn't have to mean "living as far as possible below your means," not unless that's what someone happens to value.
A good post Ziggy. I'm sure many here would find some of my spending wasteful (I recently posted on my costly wine habit), but I have been fortunate enough to have reached a position in life where I can afford it.
I have tried to live my life by the precept that "you shouldn't own anything that you don't either know to be useful or believe to be beautiful". Keeping that in mind has saved me from buying a lot of useless crap to clutter up the house.
I also extend the precept to experiences. I try to spend money only on activities, like vacations, that will relax me, educate me or otherwise benefit me in some way. I have seen way too many people doing things just because they thought they should, without seeming to derive any real enjoyment from their activity.
Obviously, some people may find that a second vacation home enhances their life enough to be worth spending money on it. The young wife and I haven't ever felt the need even for a first vacation home, but I fully support those who can afford it and think that having one will enrich their lives.