Quote:
Originally Posted by disneysteve
There is absolutely nothing wrong with spending money as long as it is done responsibly and within the bounds of a well-thought-out financial plan that takes into account all your needs and goals, both short-term and long-term.
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Ok. I agree. But think about this. Taking into consideration the effects of compounding, how much could you get if you just invest $5000 - $6000 (the amount spent on vacations) into some kind of mutual funds,
or you can buy some precious metal bars or coins, and all that you can someday inherit to your kids. Can you inherit impressions, vacations photos, postcards?
I, for example, try to save almost on everything. For example, I have a girlfriend and I like her so much, and I can easily afford to buy for her a digital camera for $1200. And I will feel myself fulfilled, satisfied, just happy to make such a gift, but deeply inside I understand that there is no sense collecting coins and on the same time throwing away $1200 as a gift.