When to spend more money, when to spend less money?

To save money for the sake of saving money or refusing always to use money and resources is foolish and scrooge-like. What we gotta determine and figure out is this:

In which *contexts* is saving money good and in which contexts is *spending* more money better?

Some thoughts:

  1. If you’re an internet entrepreneur, spending more money on a faster home wifi connection is wise. For example I’m sooooo much happier and more productive having insanely fast wifi at home (Verizon gigabit fiber optic internet speeds at home) for far faster upload speeds, which means I can produce and share more with less delay, less lag and less frustration! Morale: don’t cheap out when it comes to your home wifi connection.
  2. I have zero qualms on spending a bunch of money on (cheap) cuts of meat. For example I can buy pork for only 99 cents a pound. So I’ll buy a shitload of meat for home, and eat as much as I desire when I break my fast for dinner!
  3. If you’re cold at home during the winter, fuck it — just crank up the heat! And if you’re cold outdoors, wise to spend a lot of money on very good warm winter clothes (especially if you plan on spending a lot of time outdoors). Get a good down jacket, good merino wool socks, a good goretex jacket or good goretex boots.

What’s a poor use of money? My thoughts:

  1. Expensive smartphones are a horrible life decision. Same goes with expensive cars.
  2. Don’t waste money on expensive designer clothes which aren’t functional or warm. Best to think of clothing more as battle armor.
  3. Don’t waste money on expensive sneakers. Best to just buy some very good Goretex shoes (Asolo, Salomon) instead.