Maybe it’s my impostor syndrome talking, but I’ve always been paranoid about losing my job, so I’ve tried to avoid lifestyle inflation like the plague. I’ll still splurge on things here and there, but they are one time payments, and don’t lock me into anything years or decades of monthly payments that would be a problem for in this kind of scenario. I’m always trying to mitigate risk.
I think that most people, especially above the age of say, 30, should be aiming to spend a percentage of their income, lowering over time.
At the end of the day, the cars get you where you want to go, the roof gives you a safe space, the hiking trip to the local park/reserve gets you relaxation. Over that, it’s novel but you’re always chasing.
RestlessMind•8mo ago