Welcome to the third part in our mini series “the four spending habits of the financial apocalypse”, and we are talking about luxury spending today. Luxury spending is a very loose term that could define a heck of a lot of our spending in the first world, for example you could argue that anything that isn’t spent on basic food, water and shelter is a luxury.
Luxury spending is clearly linked closely to the other two spending habits we have already discussed, most of the time the things we buy when engaging in spending wars will also fall into the luxury spending habit category, and likewise when signalling to our social circles.
However there are so many aspects to luxury spending it definitely deserves a post of it’s own.
Let’s dig in and have a look at what different aspects of luxury spending there are and what you most probably want to avoid!