Quote:
Originally Posted by Broken Arrow
Since this is brought up, I do think what is considered as "acceptable spending" will vary for each individual household. Perhaps it would be easier to look at it in terms of % rather than absolute dollar values, and whether or not it is within budget....
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I agree. That line of what is acceptable spending is going to move with income.
I may think spending 50K on a car is ridiculous, but if I earned $5 million/year, that would actually represent a far smaller portion of my income than if I currently went out and spent 20K on a car.