I have to agree with Steve and Snave. I've most certainly used this reasoning before, most recently when DBF and I went to Antarctica. Our trip was 4 weeks long and pretty pricey. It was, however worth every penny we spent on it. We chose that particular trip and tour operator because we knew we would "only do it once and were going to do it right." The difference is that the trip was saved for and paid for before we ever set foot on the ship. And it was saved for without sacrificing retirement savings or necessities.
We would like to redo our kitchen, but haven't yet because we don't have the money saved to do it right. I'm not interested in going through the stress and mess of a major remodel to end up with something that we cheaped out on. So we'll save money and wait to do the remodel until we have the money to do it once and do it right.
I don't buy this as a valid argument for willy nilly spending on every little thing, but for people who have saved for something that matters to them, I agree with the sentiment whole heartedly.
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