There are always expenses that are deemed more intellectual and better than others, examples:
- Higher Education (MBA)
What’s funny is I buy/bought in every category, and while people are okay with me spending $$$$$ on traveling for a year, or having spent to the tune of $60,000 in debt for education, they aren’t so cool with my also admitting that I like wearing nice clothes and having lots of electronics.
I don’t see the difference.
Spending $30,000 on shoes or $30,000 on traveling is the same to me — it’s still $30,000, and it was the choice of the person to do it.
They obviously get the same pleasure out of either task — traveling or shoes, and what do you care? It’s their money, not yours.
Where I do judge, is if you spend $30,000 when you didn’t have it to spare, or you go into major debt for something that was not an essential expense (medical expenses = essential, shopping = non-essential).
Even paying for higher education (an MBA) or buying a home is not necessarily considered an essential for me, but it’s a choice that people make, and so long as you can dig yourself out of that hole and are able to make more money to get a good return on investment, then why not?
However if you spend $100,000 on shopping and trips, you will have to still dig yourself out of that hole but you have NO HOPE of recuperating that “investment”.
Think before you buy.