Reply to Your income, HHI, and spending on “luxuries”

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Curious about how much folks spend on things like jewelry, designer clothing, bags, cars and the like. If you want throw in travel, too. Curious in relation to your own personal income as well as HHI.

Realize everyone’s priorities are different, but I’m very curious about how much folks who, say, spend $10K on a piece of non-engagement jewelry are making.

Personally I make $280K, with a HHI around $400 and I still feel anxious about a $1K purchase let alone more than that! [/quote]

Well, things like jewelry, designer clothing, bags, cars and the like are utter waste of money to impress others so your anxiety is absolutely justified.[/quote]

I do know some people that are savvy and treat the designer bag as really a large up-front charge, but they have a fairly active secondary market.  Sometimes they sell the bag for more
Than they paid…they are not out just collecting bags.  They don’t buy the next bag until they sold the first.

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