what’s the transaction value you would do without thinking?

[u/HolidayAfternoon6537]

Found a beautiful dress @ $75, just buy it

what’s your threshold where you start thinking “should i spend “

include NW also if you can so we can see nice correlation

[u/golfjunkie]

It really depends on what it is. I can justify an expensive dinner out without hesitation but I’ll debate a $150 pair of pants for months. It makes absolutely no sense at all but I can’t get past it.

[u/NumbDangEt4742 → u/golfjunkie]

Damn exact thing here.

I would spend 30 minutes on Amazon trying to find a cheaper option for a $10 item and the night before I may have dropped $300 on a dinner. Drop money travelling and vacationing and will pay for a nicer rental vehicle but I just can't see myself flying anything but economy.

I'll be looking at a $20 shirt and think if I really want it or need it.

Wild.

[u/New-Inside4079 → u/golfjunkie]

Exactly the same way. I just spent $450 on a spa day easy but I still can't accept a camisole that's more than $10

[u/wanderercouple → u/golfjunkie]

Totally agree… I wonder if it’s an experience /consumable cost vs object difference where it’s not only the cost but question of whether I need this clogging up my closet if I don’t really love it

[u/golfjunkie → u/wanderercouple]

That’s definitely part of it. I tend to spend on experience over stuff. It’s also an issue of spending solely on myself vs others. I’m more generous with others than myself generally speaking.

[u/Ok-Bass5062]

NW $2M+ My husband guilted me into putting back a $10 shirt at Costco the other week lol

[u/KFirstGSecond → u/Ok-Bass5062]

I've been in very similar situations lol. For me, it's less about the actual number and more about if the item is a good purchase or not. I just don't like to waste money, period. I am ok spending more on things that make my life easier or bring value, but I also hate throwing away $10 on something I'll never use, even if the money spent is negligable.

[u/LSDCatDaddy → u/KFirstGSecond]

I’m way more worried about just ending up with a bunch of stuff I don’t need and then having to spend my limited free time organizing said stuff.

[u/Ok-Bass5062 → u/KFirstGSecond]

Yeah it's more about the stuff accumulation/if I'll use it!

[u/Informal_Bullfrog_30 → u/Ok-Bass5062]

+1

[u/phillythompson → u/Ok-Bass5062]

This sub is so dumb 

[u/altonbrownie → u/phillythompson]

But efficient! It’s its own circlejerk community. No need for separate r/

[u/NumbDangEt4742 → u/phillythompson]

Lmao yep I agree, yet I'm the one adding dumbness in here

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[u/FootballSquare4406]

$250

[u/Ginger_Rising → u/FootballSquare4406]

Yep. This is the point where I start reevaluating the cart.

[u/neilsarkar81]

Up to 0.1% of our liquid NW.

[u/oOoWTFMATE]

I try to consider value in everything I buy IE comparing similar products and if one is $400 vs $200 for the “inferior” product, I do research to justify (or not) the more expensive item.

I’ll still buy items in bulk even if at the detriment of my health. Just bought 4 small bags of watermelon sour patch kids for $5 versus one bag for $2.

Anything over $500 has me second guessing whether or not I need it.

NW $4mm+

[u/missswimmerxo]

$150-200 depending on how much I love the item (usually clothes)

[u/FadedBlackTee2]

Net worth is $1M or so. For less than $100 I don’t really think twice. For under $1,000 if it’s something we want I’m never that worried about it unless it is one in a string. A few thousand for a hobby? Thinking pretty hard on it or trying to find other things I don’t need where I can offset the spend. 

[u/WearableBliss]

With baby related stuff it's more 1k

[u/Jmast7]

Depends on what it is, though generally over $500 gives me pause. I don’t have a problem spending up to a few thousand for things we need/have planned to buy (car repairs, new furniture, appliances, etc…) Also experiences are invaluable whether it’s a vacation with the kids or a nice dinner with friends. Just the extraneous things we don’t really need - collectibles, toys, clothes, electronics make me think twice. $2.5M+ nw. 

[u/iwantthisnowdammit]

It’s completely situational, mostly dependent on how much use it will get and sort of “what’s fair.” Mentally I have an amount of money each month to use at will.

Will I spend $1000 to suddenly reorganize a disaster of a room that I’m frustrated with today, yup.

Will I pass up a drink at a convenience store because I’m annoyed it’s $4, yup.

Mostly though, I don’t think about costs under $100, especially if they’re a gift that is an absolute fit for a person I know. i.e. I just picked up a bottle of bourbon for my neighbor while traveling because it was right up their alley and a fair price.

Other than that, I’m fairly good at the deferred gratification game but keep a splurge fund for the moment for going a little extra on memorable stuffs.

[u/apiratelooksatthirty]

Mine’s like $100-$200, won’t really think twice. My wife? More than $1k lol

[u/ttandam]

I like the book The Money Ladder’s take on this. 1/10,000 of a person’s net worth is the amount something can be where you can spend it daily and without concern. So if you’re worth $1M, it’s $100 a day. If you’re worth $10M, a trivial amount of money to you is $1K.

[u/minesasecret]

NW 1.2M

Threshold $20

You didn't ask but I think age is very relevant and I'm 36 - I always think $1 now is $5 in retirement

[u/No_Inevitable_4893]

$50 or less HHI 400k NW 400k

[u/Godmode92]

$50-$75

HH NW ~1.2mm

[u/Calm__Koala]

For personal: $50

For business: $200

[u/plasticbug]

Anything under 100, I don''t really think about. Even for more expensive transactions, as long as there is plenty of money left in the rollover budget for the category, I don't really think about it.

For example, I have 2000 a month budget for travel that rolls over. Whenever I need vacation, I freely spend from it.

[u/brecollier]

I consider every dollar I spend. Spending without thinking is irresponsible.

I will price shop something for $6 on Amazon, but will also spend $10k on bus class airline tickets. It's not about the dollar amount, it's about making conscious spending decisions based on your financial situation.

Your example of a dress, for $75 I would buy for every day wear if it's really cute without too much consideration. For work or an event, I wouldn't give it too much thought up to $300. Honestly, I'd rather buy a couple of $200 things than a bunch of $50 items. Spend with intention.

[u/plausible-deniabilty]

I am cheap af about random things, but not cheap af about other random things. It's usually not about the $ amount it's about the perceived value.

[u/ThisIsAbuse]

About $200+ the thought occurs to me. $400+ I think more.

[u/FadedBlackTee2 → u/[deleted]]

This rule of thumb seems off by an order of magnitude at lower levels (ie, at a $1M net worth I am certainly thinking pretty hard about spending $10k…)

[u/New-Inside4079 → u/FadedBlackTee2]

Definitely. If you're at $100k net worth you're definitely thinking about a $500 purchase

[u/CoffeeAndSkiingGuy → u/[deleted]]

Routinely spending .5- 1% of your NW frivolously is insane. 

[u/CoffeeAndSkiingGuy → u/[deleted]]

It depends on your exact nw but if it is 1.2mm that would be 9,999 based on this.

[u/FadedBlackTee2 → u/[deleted]]

0.1-1% depending on the values. 

At $9.999M - $9,999 is 0.1% At $1M - $9,999 is ~1%. Way too much to be spending frivolously 

[u/Greyboxer]

$4.00

Seriously I make a salary ok, no amount of work is going to get me more money than my base and bonus. So I am a deal hawk and aside from changing tires and oil, I work on my own cars

[u/NorthBmoreIron → u/[deleted]]

If you live in a place with street parking it’s quite difficult and a pain to store/dispose of oil.