Shades

This week's example of over spending comes in the form of a contrast.

I once bought used Oakley sunglasses for $35. I kept them two years before I sold them for $20. I easily afforded the modest purchase.

Last week a person paid $130 (retail, of course) for Under Armour shades. His household income is 10% below the national average and his consumption of luxury sunglasses is 700% higher than what it should be.

Lessons? Live within your means while expanding your means. Pay as you go. Be modest in expenses.

If you buy a $130 luxury good, but it used at 60-80% of retail. And make sure your income justifies such a purchase.