So I have been getting the urge to buy this really expensive bracelet (~$5k) and I have mixed feelings about it. I would like to think I’m on the right track and I am financially doing ok for my age. Im 27 and I have a fully funded emergency fund (for 1 year) and about 35k savings aside from my EF. My car is fully paid off and I have funds in retirement. I don’t owe any debts / mortgage (I rent) and I pay my cc balances in full every month. I have a weekly and monthly budget that I strictly stick to and I audit my cash flows and cc/bank statements every 2-3 months to make sure im on track with my goals. However, I have never actually budgeted for nice “not necessity” things.. i feel so guilty even thinking about spending 5k for myself. I grew up very poor so I was use to not spending alot of money on things that weren’t necessities all throughout my childhood and adolescence.. so I dont know why I am feeling the need to buy expensive things. its like.. I do want to experience nice things and I’ve always wanted that bracelet but 5k is SO MUCH. Am i going through a phase? Should I just ignore these feelings? Is this how people get caught up in lifestyle inflation?
Any advice/ experience share is appreciated.
Submitted January 23, 2024 at 12:03AM by CuriousAly3 https://ift.tt/3nN1VvK
