I completely agree with you. Purchasing a new expensive car is probably one of the worst financial decisions as it loses its value considerably right after you leave the dealer shop. I am also a pretty frugal person with many of my purchasing decisions but sometimes, when I talk to friends who prefer to enjoy their life spending what they earn it makes me reflect.
It is a bad or a good decision to enjoy your life spending most of your money on weekends, vacations, or even daily activities leaving almost nothing to invest is it better to keep your wealth to have a better life after retirement?
I guess it all depends on how one is, how comfortable is with his own life, and probably how many experiences have had purchasing expensive stuff which at the end of the day does the same job as a regular one.
This is used, and they still have to pay on it! :D That is how big the difference was.
I think it is good to enjoy life, but what does that mean in terms of consuming goods ? Is having an above average car enjoying life?