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]Not weighing in on the specifics of the vacuum debate because I do not clean my own house.  But I think the way we handle things in our family is to prioritize certain things and agree with DH on what those priorities are.  We try not to waste money but do spend a lot on things we prioritize.  For us, for example, we love to travel and do big expensive trips (Japan with kids) sometimes but we are CHEAP on air fares.  Flew coach to Japan because we could not feel that there was value in paying so much for airline tickets.  Once in Japan, we spent tons on tour guides, food, hotels, etc.  That's just our priorities.  Neither one of us is a big spender on clothes, but we love art work so chose to drop thousands on a print we both loved but would never do that for a fancy purse or suit.  Other families are just the opposite.  We also both prioritize charitable giving so we choose to be major donors to various organizations and institutions rather than spending that money on something else.  For routine day to day things like the vacuum, we usually go midrange in price and do read reviews.  (Actually went more high end on some recent appliances and HATE my Viking oven and microwave so won't be likely to do that again soon).  We always keep tabs generally on what we are spending total and make sure that we are staying at a level we are comfortable with, but that is not hard to do and allows us a lot of flexibility on individual decisions.  [/quote]

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