starting about 3 years ago we tried to institute a "spend money on experiences or assets philosophy". By assets meaning things that hold or go up in value over time. So for household items -- spend a little more on an antique or quality versions, rather than a consumable that will only last a few years and end up in a landfill -- and try to tend towards not spending much money at all on things that are inherently depreciating, making that as small a portion of our spending as possible.
The experiences part we've been successful with, the assets part not always so much.
The experiences part we've been successful with, the assets part not always so much.