Comments on: Discerning Luxury from Necessity

By: Evan

Evan — Thu, 04 Mar 2010 15:17:19 +0000

Someone once told me an amazing saying that has truly stuck with me…
“Once a Luxury, now a Necessity”

By: HERevolution » Debt-free (very nearly)

HERevolution » Debt-free (very nearly) — Mon, 17 Aug 2009 02:28:09 +0000

[...] on takeaway food, alcohol and entertainment! Once we identified the imbalances and discerned luxury from necessity, it became possible to pare back, reallocate our money and define some [...]

By: Penelope Pince

Penelope Pince — Wed, 12 Aug 2009 11:57:18 +0000

Thanks, Joanna, that’s what I meant. I should have said “locally out of season” except when on sale.

By: Joanna

Joanna — Tue, 11 Aug 2009 17:14:24 +0000

This makes good sense, except one item: “seasonal fruits.” Eating fruit that is in season within one’s geographic region is far less costly than eating fruit that is out of season and trucked in. Of course, certain high-labor crops are expensive, but generally, sticking to seasonal staples like apples, pears, melons, peaches, and oranges when they are in season, is both healthful and inexpensive.

By: Susan Tiner

Susan Tiner — Wed, 22 Jul 2009 18:09:01 +0000

In working with clients on cash flows I find that the Quicken term ‘discretionary’ works better than ‘luxury’ because discretionary sounds like you’re making a choice, whereas luxury has a guilt connotation. A luxury sounds like something you probably shouldn’t have. Also, although I agree with your categories re: necessary expenses, most people can reduce what they spend on necessities.
.-= Susan Tiner´s last blog ..Bulk Shopping Pays Off =-.

By: 107 Things That Make Good Financial Cents | Good Financial Cents -Jeff Rose Certified Financial Planner and Investment Advisor, Carbondale, Illinois

Mon, 15 Jun 2009 09:36:27 +0000

[...] Luxury from Necessity. Learn to recognize wants versus needs. Do you need it….or do you REALLY want it? For a majority of the time, it is usually the [...]

By: mb

mb — Wed, 06 May 2009 04:20:17 +0000

good post. still surprises me how many people do not realize that prepacked food does not qualify as a requirement. or cable. then, ive been known to spend cash on vidio games instead of food…