Comments on: Can you spend irresponsibly if you’re rich?

By: Jennifer @ Money Saver 101

Jennifer @ Money Saver 101 — Wed, 29 Apr 2009 02:22:31 +0000

This is a toughy. I really don’t know what to say about this. I really think that you should always think about your purchases before ever spending money. The bookstore analogy – I always remind people – hello, it’s called the LIBRARY! LOL I always go there first. I love the library.

I think I would be very careful with my money, even more careful if I were wealthy. I’d be too terrified that, wherever the money was coming from, would no longer be there, or we’d have another recession hit.

By: MoneyEnergy

MoneyEnergy — Wed, 04 Jun 2008 23:30:00 +0000

You can definitely spend irresponsibly if you're rich - we don't have to look further than many celebrity examples of this. It's easy to argue that driving more cars than you need is irresponsible due to pollution factors. Even having a private jet. Did you know that jets/planes are the one form of public transportation that ISN'T better for the environment? You could drive your car to NY and LA and back four times without even coming close to the amount of pollution that same trip in an airplane would cost.

But anyways...the point is, just look to certain celebrity spending habits (and I don't mean to pick on them: you can look to many CEO's and other political figures too).

Just because you CAN buy something doesn't mean you SHOULD.

just my two cents, though.

By: Mrs. Accountability

Mrs. Accountability — Sat, 31 May 2008 23:12:00 +0000

I read something recently about how poor people who win the lottery end up blowing through their winnings because they spend so frivolously. It is quite a trap that “It’s only 20″ here and there. For the longest time I had nothing to spend and I had to retrain myself that it’s okay to spend some money on a few little things here and there, but then I think I went to the other side of the pendulum and now I’m reminding myself “Only FIVE $20 here and there’s eats up $100″ and so quickly!!!

By: change is a good thing

change is a good thing — Thu, 29 May 2008 23:20:00 +0000

Interesting subject…I tend to look at my friends frivilous spending and think it’s foolish. I think that even if I were able to live differently, I would still choose the frugal route. It works for me and I never feel like I am wanting for more.

By: Carrie

Carrie — Thu, 29 May 2008 19:05:00 +0000

This is why I am both fascinated and appalled by celebrity spending. So many of celebrities seem to spend their money on so much unnecessary stuff (or unnecessarily huge houses) just because they can.