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manwnomelanin t1_jabhsuw wrote

Reply to comment by bpt3 in When does saving become unhealthy? by Narrow-Imagination96

Why would you hoard money with no purpose?

Its a tool, not a collectable

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mrdannyg21 t1_jackj3r wrote

This is really well said. Obviously saving is better than wasting but there’s definitely a grey area where you we are denying ourselves things we would enjoy when the additional savings have little marginal benefit. It’s important to have financial flexibility and emergency funds and all of that but also important to live your life. The balance of that is so very personal - depends on your priorities, health, kids, job, goals and a million other things.

For me, it took having someone in my life who was somewhat fiscally irresponsible for me to see how much I was hoarding, and how I was avoiding spending on things I’d actually enjoy a lot and had relatively minimal costs. So I’m glad OP asked this question because if you’re eating ramen because you’re paying down a 5-figure credit card that’s good, but if you’re eating ramen while having fully funded lifestyle, retirement savings, emergency fund, health insurance, outside investments, etc…well it’s worth taking a closer look at your priorities and financial targets. (Unless you just love ramen of course)

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bpt3 t1_jacabrx wrote

Because you might think of a specific purpose or have an unanticipated need later and you'll be glad you made saving a priority instead of a last resort.

I didn't say anything about hoarding.

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manwnomelanin t1_jace6bu wrote

> a specific purpose

This leads to the paradoxical line of thinking i mentioned before

> an unanticipated need

Isn’t that what an emergency fund is for?

You imply hoarding. You can spend thoughtfully while still enjoying the money that isn’t delegated to a specific savings bucket.

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bpt3 t1_jack858 wrote

I don't imply anything.

Additional savings never hurts, and it's always better to save than to spend frivolously. That's it.

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manwnomelanin t1_jackyi3 wrote

Whether you meant to or not, you did

Ultimately I agree if that’s the point you’re trying to make. Although I still think it’s poor advice in this context

Edit: I guess I don’t agree given my second sentence.

It may be better on paper, but that fails to consider emotional components which are important. You say it never hurts, but it is clearly hurting OP

We disagree on a philosophical level. I don’t think its healthy or worthwhile to avoid consumption like the plague. You should enjoy life a little.

To each their own

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RobfromHB t1_jae6zfu wrote

For what it's worth I didn't read that much into the comment. You both assumed too much of each other.

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bpt3 t1_jacsgl8 wrote

I wasn't aware I was talking to the sole arbiter of what someone meant by a statement, regardless of what the person making the statement actually said or meant.

You can continue this conversation with yourself as long as you like since you keep putting words in my mouth and completely ignoring what I (and the OP) actually said.

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manwnomelanin t1_jacteix wrote

> continue this conversation with yourself

You are right - this is much like talking to a wall

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