Confused by my Spending habit

Nothing wrong with it bro trust me. These stupid social media and all the people have fomo and buying things they don't need.

No worries, your behaviour is correct but understand sometimes it's ok to get something nice for you

I struggle with the same. Can't buy or afford business class tickets but yes for everything, I take forever to make up my mind to buy anything for me which is outside of utilities.

This comes from a scarcity mindset that I have. Lot of people suffer from it. But I'm not embarrassed by it. I call myself not cheap but extremely resourceful.

Wanted to buy an iPhone 2 years ago, just because I never had one ever since it launched. Ended up buying iQOO 12 and converted iphone folks to iQOO 🤣. That is a crazy phone in all aspects. I have the bank balance today to buy one but probably will need millions in my bank to buy one.

Join r/fugal India , you will find many like minded individuals .

You are not alone and neither weird.

In fact you are exceptionaly sensible.

Keep it up.

Kyuki ye dil hai ki manta nahi

Your spending behaviour is perfect. Don't lose it by comparing with your friends.

This is a very good habit I would say. You will see benefits in long term. I have 5cr in mutual funds, 3cr worth house and still do the same as you. No car, using 10k phone, no expensive buying. All the assets are fruit of it.

Gen Z problems 😆

I'm quite similar to you. I had a typical middle class upbringing. I may have the money to buy the things I want but I debate a lot inside on whether do I really need it or not at that point of time.

I've got my sudden urge to buy expensive stuff many times in the past. I do my full research on the product first and then I just forget about it for the next 2 weeks. If I still have the same level of interest and urge after those 2 weeks, then only I will take the next step. This has stopped me from buying a lot of unwanted stuff. My shopping carts are usually empty for the same reason.

Your friends and people around may have a lot of stuff which makes them "look" rich. But remember, being rich is different from being wealthy. Because trying to look rich seeking validation is where people end up in debt traps. And it's a never ending loop after that.

Need based more than want based. Rational more than emotional. That's how I prefer seeing money.

1.5L emergency fund in the bank is still better than an iPhone in hand (and literally everyone has an iPhone today, how is that even an achievement?)

It's okay to pamper yourself once in a while. But it shouldn't become a habit. Only you have the control on where you draw the line.

Totally agree with this and someone identify myself being frugal...don't know if it's middle class upbringing or too mature but whatever, this habit won't cost anything that's for sure