I understand the moral basis for saying some purchases are ridiculous but as cold as this sounds, we are all here talking about saving money so that we can utilize it. What's the point in saving and being thrifty if there's no reward at the end. I agree that the reward can be in the form of helping your kids or even a charitable donation and I respect anyone who does that immensely, but I also don't think you can criticize someone for buying a luxury car or a nice watch to reward themselves for years of difficult savings.
My problem lies with the multi-millionaires who make tons of those purchases without doing anything good with their money. If you have that kind of scratch, do something nice for every five luxury items you buy and that can make a huge difference.
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