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]We also do a lot of research but are willing to pay for things that will make an appreciable difference in our lives.

For example, we're living overseas right now and renting out our house.  We are paying for a well-researched property manager so we don't need to think about the house.  Does it hurt to see the 8% fee every month?  Yes.  But is it worth it when the hot water heater goes out just as it's getting cold and somebody else has to deal with it?  Absolutely.

In terms of material things, I buy quality clothing for myself  but choose things that aren't super trendy and will last forever.  Honestly can't remember the last time I bought clothes.  Maybe last year?  It's not a priority for me.  For my kids, I buy less expensive stuff because they stain it, rip holes in the knees and outgrow it.   We probably pay more than most people for things like pots and pans and knives because we love to cook and know we'll use them.

Like other posters, we'll stay at the Homewood Suites and then eat dinner at the fanciest restaurant in town because we care more about food than fancy hotels.[/quote]

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