On Tue, Nov 29, 2016 at 9:38 AM, Amitha Singh <[email protected]> wrote: > On Tue, Nov 29, 2016 at 8:26 AM, Udhay Shankar N <[email protected]> wrote: > >> I saw a post by Ramit Sethi [1] that got me thinking. >> >> What, to you, are the things that are worth the extra that you might pay? >> >> My incomplete list: >> >> Shoes, computers, fragrance. >> >> Udhay >> >> >> [1] http://www.iwillteachyoutoberich.com/blog/5-things-that-are-worth- >> the-money >> >> -- >> ((Udhay Shankar N)) ((udhay @ pobox.com)) ((www.digeratus.com)) >> >> Coming out of the woodwork for this! :) > > I have been trying to follow the concept of simplistic living over the past > 7 years. Buy only what you need, buy only on cash and not credit, give away > things you haven't used for 9-12 months (barring sarees ;)) and so on... Of > course my 14-year old daughter hates it because according to her she is in > the "want" stage of life and doesn't like to be content with just "needs" > > Having said that, over these years that I have chosen this path, I've > realized there are three things I absolutely cannot resist splurging on - > books, travel and sports goods (Decathlon has been my Waterloo for years > now) > So I have made sure these three go in to my "need for the soul" list! (Note > how I've convinced myself these are still "needs" and not "wants"!)
I think this article is pertinent to this thread. I often found that I use this "mental accounting" both to spend and justify it as well. http://qz.com/825006/this-classic-thought-experiment-explains-the-weird-decisions-we-make-about-spending-money/ -- Vinayak
