RE: Why Do We Overpay for Emotional Attachment?
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Well, extremes are always wrong. It is wrong to overspend for luxury when you can't really afford it as it is wrong to keep every penny aside until you take it all to the grave and not have enjoyed a bit of the wealth that you have managed to accumulate.
Surely the ability to learn to put aside some money for emergencies is something that should be taught to children as a basic. And so, along with this, they also learn that a part of their income can be dedicated specifically to indulge themselves and enjoy life a little every now and then.
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I understand that you tired to create a middle ground and that's very good. I think everyone in their own mind must understand where they need to spend or not spent or just do it moderately.