Quote:
Originally Posted by flames_fan_down_under
Yep. This is true for a lot of myself and my friends. None of us are rich by any means, but most of us just all value things differently. I know a couple that loves dining out, they love checking out new restaurants, and hosting events, they also share a 10+ year old Nissan Altima and live in a modest place and are very happy. Myself and my partner like to travel, we dine out rarely and share a crappy car, so we put our budget towards what we value. However this is coming from a place of privilege I suppose, as I don't have children, I make more than the median household income, my job affords me a lot of time off, and I don't have any student debt.
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I actually live a similar way - being 39 and not having children....which may change shortly - and spend more on food/booze and travel than I should. I drive an old Toyota, and prefer to spend on "experience".
That being said, financial planning goes a lot further than cutting back on minor discretionary spending. You can torture yourself by denying yourself all the small things in life, but that gets you nowhere if you make the larger decisions poorly.