Pretty new in my career, have been eyeing a luxury bag. technically speaking, i have the money to buy it. But how do i determine if i can “afford” it / if its ok to splurge?? I’m not a big spender so trying to figure out my mental boundaries

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For me if I have 6+ months emergency fund in place, maxing out all tax advantaged accounts, meeting my savings goal (this is incredibly personal), and have excess cash = 3x the purchase price then I can afford it.

Caveat I don’t have student loans or other debts so not sure how this should be factored in.

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Came here to say all of this!!!

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