Lately a few people have been telling me that I should just buy these really expensive items as they were aware that finished a pretty big job. In many ways it’s kind of like people who tell others to go get an expensive dinner as a celebration. In this case though some people were nagging me to buy super expensive items such as a high end smartphone because in their mind I can afford it. In many ways it is kind of like peer pressure in the adult world where spending money seems to be what people want you to do in many ways to fit in.
Almost similar to school though, a lot of the things you are pressured to do to fit in are usually not very good for you. I always try to think how I would feel a few days after if I spent a ton of money. In scenarios like this I would most likely have buyer’s remorse and fortunately that is usually enough for me to say no to spending everything I earn so quickly. I just find having a good nest of savings to be more rewarding as the reduction of stress in your life seems like a better situation overall.
Even in a lottery example, if I was to win a million dollars and needed a house the idea of getting a house that pretty much is a million is not what I would be comfortable with. I would rather get say a $700,000 house and have that extra $300,000 for other needs. It just seems like spending everything will still put you in a situation where money would be an extreme concern despite the expensive things you may own. For me, if I spend a lot that usually means I should save a lot too.