Quote:
Originally Posted by Jonrox
This. A lot of people would rather spend their money (or others' money) at an early age at a time when they feel they can really enjoy it, rather than miss out on a lot of experiences for 20 years until they can comfortably afford it. Example: the experiences someone can have going to Mexico and Vegas at 21 years old are much different than the experiences they'd have at 50 years old.
I'm about finding a balance somewhere between spending now and saving for later. A lot of enjoyment at the expense of a little uncomfort is often totally worth it.
For a lot of people, happiness is judged by the good times spent with friends and family, not on the amount of money they saved when they were young. So if it takes the accumulation of debt for a lifetime of memories, so be it. I wouldn't judge them.
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I agree, Vegas and Mexico are most often times better experienced at the age of 21 as oppossed to 51.
However, that same 21 year old that feels the need to go on 2 vacations a year at an expense of $5,000 per annum shouldnt complain if they have no money to devote to a personal residence and in later years, a decent retirement nest egg.