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Money and Finances
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]OP - when you have plenty of money, one of your budget categories can be for screw-ups. You made a mistake. This can be an item you shouldn't have purchased or a money-sucking event, you dinged the car and to be fixed it costs money. You're no less careful but things happen. It's nice to have the luxury to make things right-again when life's inevitable screw-ups happen. This is what has changed the most for us. We haven't, so much, upgraded our lifestyle as we have been able to decrease some of life's stresses.[/quote] I think this is the gist of it for me now that I don't have to pinch pennies. I first read about this in the book, Paradox of Choice. People can be maximizers (look and analyze all options) or satisficers (stop when they find something good enough). You have the luxury now of being a satistficer because the wrong choice isn't catastrophic. [/quote]
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