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Money and Finances
Reply to "Appropriate Allowance for Freshman in College"
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[quote=Anonymous][quote=Anonymous]$350/mo for entertainment is more than I allow myself to spend. But I'm early 40s with a net worth of $1.2M so I don't waste money.[/quote] It's definitely a virtue to spend less than you earn. But we've been teaching our kids to pay for things that bring value, and to not shy away from those types of expenditures. If you truly enjoy something, it brings you enjoyment that is worth it, and you can afford it, go ahead. The key to having high NW is only partly saving, the more important part is to have high income. [/quote]
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