Reply to At what point are you comfortable with big, frivolous purchases?

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[quote=Anonymous][quote=Anonymous]All of last year I was in survival mode knowing that I would likely lose my job as a federal contractor and as the main breadwinner in my family. We cut back on a lot and saved as much as we could in case I lost my job and managed to get about 8 months of expenses into liquid savings. I found a new job in December which should be pretty stable (no longer tied to the federal sector) and although it was a pretty hefty paycut we're still able to save.

Last year was also the year I turned 40. I had really wanted to buy a piece of jewelry I've had my eye on for years (in the ~$5K range, but it's gone up because of the price of gold). I obviously didn't because of everything going on. I would like to buy it now but feel immense guilt doing so and I'm not sure why -- perhaps because it would be the most I've spent on just me (e.g., not a family trip or trip with my husband or a home improvement or heck something for my kid, just me).

I know we can afford it (I think?). I'm 40, partner is 44. We collectively have $1.25m in retirement, $225K in liquid and taxable investments. Kid has a fully funded 529 thanks to grandparents (they're 11 and have over $400K in there). No debt other than mortgage. So I can afford to just take the $5K out of savings and buy the bracelet, right? Argh, why do I feel so guilty!! 
[/quote]

Right now buying something like that is financially stupid.

You feel guility because you know it is dumb.

It is not about how much you have OP it is about being smart [/quote]

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