Just playing Devil's Advocate :devil:: what about people who finance their automobiles? Take out home mortgages?
Some may view those as lavish and unecessary items which are silly to go into debt over. Aren't these all just personal choices?
Well I'd say there is a difference between a need and a want.
Shelter + travel + food is normally a need.
Bags are luxury items that should come last after satisfying the needs. I think that is what most people are saying here.
I normally advise people to keep their mortages to below 30% of their household income and car expenses to below 20% of their household income. More than that kind of expense is luxury imo.
The rest of the 50% is a split between household expenses, food, savings+insurance, and play money will be right at the end. That's where the money for luxury should come by.