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[quote=Anonymous]Why and when (if ever) did you decide to start spending according to your income?

I have lived below my means since I started working 7 years ago.  When I was right out of school, I was making 150k+ but clipping coupons, taking Greyhound buses to visit home rather than Amtrak etc., online shopping for non-designer clothes etc.  None of these are so unique for where I grew up but unheard of amongst my professional colleagues, who think nothing of going out to walk around the mall at lunchtime and end up buying a $400 shirt or shoes.  I have since loosened up a lot but as my salary has gone up, my lifestyle hasn’t changed that much.  I have always done it because I’m in one of these careers where there is a lot of money when you’re young but it can go way down/become very unstable as you get older, if you don’t make your promotions - which is never a guarantee.  So I was always “financially planning” for that.  When can one stop doing that or slow down on that? I’m at the age where I’d love to splurge on a luxury car and/or a new condo but don’t know how long I should keep economizing as I don’t know if I will ever be “comfortable” with what I have and the career instability has only gotten worse with the economy. WWYD?[/quote]

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