High earner has household income of $850k, worries about 'lifestyle creep' after spending $3k on business class flights for annual vacation: 'This is setting a precedent and that's what I'm worried about'
Many rich people keep hold of their dollars by watching their cents. Stinginess can often be found among the ranks of the 1%, no matter how illogical it may seem to all of us poverty-stricken commoners. While budgeting is an essential tool no matter what your income bracket is, there can be points where it goes too far. Sometimes the benefits outweigh the costs.
This is something that became a topic of conversation when one high-earning individual turned to the internet for advice on an expense he recently paid for. He and his wife chose to fly business class instead of economy for the yearly long-haul vacation that they take, and he was worried that this would encourage him to spend more than they wanted to in the future. This was despite the fact the flights cost a little over $3k and their household income was $850k. People had their theories about this anxiety.
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