Reply to Anyone spend less money because they don’t want to “look rich”?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I was raised middle/lower class and am very uncomfortable with displays of wealth. We do very well now, in a way that is so different than how I grew up. However, our friends are mostly middle class (for DCUM, but still) and I feel very uncomfortable spending money in visible ways, even though I could and sometimes want to.

For example, we bought our house years ago and love our neighborhood. House is very in line with friends’ houses or maybe not even as nice. We have done some renovations but it would be amazing to build a custom home. I just feel so uncomfortable thinking about telling anyone that we are doing that or building a large home, even though I would love to live in something like that. It just feels out of sync with our social circle. And I don’t see myself making new friends or fitting in in a luxury home neighborhood or wealthy school district.

I similarly don’t feel comfortable buying luxury cars, because it looks flashy. I don’t care about that at all and run cars to the ground, but I know DH wants a certain car.

I’m ok with spending money on vacations (don’t brag on social media but talk about with friends) and on home furnishings. We save plenty, since our expenses are so far below what we earn. It’s important to me that our kids are not spoiled.

I know this sounds like the silliest problem to have. But anyone else in this boat? [/quote]

We are the same.  We spent our money helping nieces and nephews for their education, brother and sister in need of help, son and daughter need house purchase down payment, and charities. [/quote]

This is us. Are you by any chance an immigrant? We are Indian-Americans and live in a neighborhood with several Indian-American families that are certainly wealthy enough to live in a more expensive zipcode now.  But we are happy where we are.  We have our hobbies, charities and for our own self we spend on education, health, safety, good food and travel. Mainly we are helping family members with education so that they can become successful. And we also help siblings, extended family so that they can become surefooted in the future. We are actually not materialistic and got used to living on less because of our early years of financial struggle so now the  extra money does not go in expensive anything. DH drives a car that he likes, we eat out, go on vacations and spend on hobbies. [/quote]

Yes, we are.  First generation of immigrant.[/quote]

That tracks.

We are not in a profession where we have to have to entertain wealthy clients lavish or have a flashy lifestyle. We are IT folks who are somewhat nerdy. When our HHI increased, out SOL did not change drastically. What money gave to us was  flexibility of options, convenience, financial security and ability to help family and charities. Being aware how worthier people than us are making far less money makes us also save for the future and control mindless spending. [/quote]

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