UnThreaded | Threaded | Whole Thread (42) | Ignore Thread Prev | Next
Author: EditorialWe Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 807563  
Subject: Re: Latte and Life Date: 3/28/2001 3:12 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 23
I have always taken the view that there's really nothing wrong with little luxuries - the problem is when you (a) don't pick and choose the 'little luxuries' that you really enjoy and value or (b) indulge in little luxuries while neglecting to tend to little economies.

Some people really enjoy latte, and let's face it, making it yourself can be a pain in the butt - it also requires special equipment. On the other hand, if you are just drinking coffee for the caffeine, opting for the regular coffee - or using your office's free coffee instead - or even (shudder) drinking instant - are all valid options and should be examined, depending on your personal tastes.

I think one should acknowledge and choose the 'unneccessary' expenses that you indulge in - just try to be mindful and not indulge in them out of habit, or conformity, or laziness.

There are plenty of unneccessary expenses that most people just let slide, not because they get any particular pleasure or value out of them, but because denial and habit are powerful forces. The standard personal-finance advice about "give up your two lattes" should be taken a little less literally, I think. The definition of "what I can afford" is very elastic and depends on my personal values. I can afford a lot of things; what matters is what I *choose* to afford.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (42) | Ignore Thread Prev | Next


Post of the Day:
Saul's Investing Discussions

Skyworks Mid-Quarter Review
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.