Hi all,
Dont get me wrong, we should save and avoid unnecessary expenses as much as possible, but with double digit inflation, is there any point in the ascetic monk-like life Ive been living? E.g. I wanted to buy a kitchenaid last year, but I didnt because its not REALLY necessary and I have two functioning hands. But now the price has gone up, and the value of the money that I had saved by not buying it last year have reduced (Its in a 4% interest-guving account, still Ive lost about 6-8% value).
so, whats the point of not buying stuff? Is there an optimum point (% spending vs saving) which will give the most regret-free existence?
Dont get me wrong, we should save and avoid unnecessary expenses as much as possible, but with double digit inflation, is there any point in the ascetic monk-like life Ive been living? E.g. I wanted to buy a kitchenaid last year, but I didnt because its not REALLY necessary and I have two functioning hands. But now the price has gone up, and the value of the money that I had saved by not buying it last year have reduced (Its in a 4% interest-guving account, still Ive lost about 6-8% value).
so, whats the point of not buying stuff? Is there an optimum point (% spending vs saving) which will give the most regret-free existence?