Truth be told, I spent too much on jewelry this year. I am an impulsive shopper, and am surrounded by estate opportunities which I can never seem to pass up. I would like to clarify that I do not go into debt for my purchases, and I have a healthy savings account, pension, home, etc. I travel, have fun, enjoy dinners out. IOW, most of my disposable income goes toward these impulsive purchases. I rationalize that since I am getting deals, I am not wasting my money. I used to spend a lot on designer clothing and handbags, but now I tend to gravitate to jewelry instead. YET Suze Ormann would probably scoff at me for my purchases because according to her, there is no such thing as too much in a savings account. I guess what I want to know from others:
Do you think that purchasing jewelry is a better investment than purchasing other luxurious items or just saving the money in the bank?
What percentage of your disposable income do you consider excessive to spend on jewelry?
Please do not limit your responses to these questions.
Do you think that purchasing jewelry is a better investment than purchasing other luxurious items or just saving the money in the bank?
What percentage of your disposable income do you consider excessive to spend on jewelry?
Please do not limit your responses to these questions.