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Tag Archives | discretionary spending

Surprising Spending Patterns of High Earners

If you want to guess someone’s income level, look at what they buy. Obviously, the rich and the poor will spend their available funds on different things. Just what those things are, however, is less obvious. To illustrate, here is a pop quiz: Since 1992, what two products most consistently indicated that those using them […]

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Buy Happiness With Discretionary Income

Giving away money makes people happy. Spending money on others makes people happier than spending money on themselves. Spending money on experiences makes people happier than spending money on things. Does that mean it’s okay to max out your credit card to take all 37 members of your extended family on a cruise for Christmas? […]

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