Reply to If you have more than enough money, but are frugal-minded, how do you decide how much to spend?

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Reply to "If you have more than enough money, but are frugal-minded, how do you decide how much to spend?"

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[quote=Anonymous][quote=Anonymous]We are late 30's, aggressive savers, live beneath our means, etc. and as such have a healthy amount of money.

I'll give a real life example, but my question is more broad: If you are making a household purchase and you can afford "anything" (and I obviously don't mean truly ANYTHING) how do you decide a reasonable budget?

Example: I clean my own house. I would like some kind of stick vacuum to do quick cleans of the bathroom floors when I'm not wanting to get out my big vacuum with attachments, etc. In the stick vac world, there is a $400 Dyson, a $160 shark, and lots of other options under $100. I can easily afford any of these options, however I don't want to spend $400 on a Dyson when a $50 Bissel will do. But I'll also be annoyed if I buy a less expensive one, and I end up replacing it because it sucks.

How do you make this everyday decisions when you are frugal minded, but not actually on a strict budget?
[/quote]

#1- We dont have a budget. We have automatic deposit for retirement, investments, and cash savings. The rest gets spent however we want.
#2. I buy whichever has better reviews
#3 I'm not insane so I dont make a vacuum purchase a supreme court decision.[/quote]

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