I'm not a money expert at all, but I understand not having enough money to do the things that I need done.
I remember growing up my mom always talking about setting a budget before we did any shopping or spending. She would give us money pep talks. For example, for school shopping she would give us the amount of money we had a for clothes and for shoes. She would say you can spend all of your money on a few things or spread it out. I liked the fact of having more for less. Not lesser quality but spending less on items. We shopped at places like Ross, TJ Maxx, and Marshalls. I still go there. Lol! I enjoy getting name brand clothes for half the price.
Now when I became a mother, I continued to shop at these places because I refused to pay $100 for one item they would grow out of in a few months times. I didn't understand that concept at all. I spend a $100 to show people my baby has on Gucci shoes or some accessory! That's such a foreign concept to me. My husband lives by the rule my kids deserve the world so I buy them high fashion everything until he realized they are very expensive and they grow faster as they get older. Lol!
I think when you set a budget it keeps you living comfortably and more than within your pay grade or income. Don't go broke trying to impress folks. It's certainly not worth it.
If you budget your money, you'll be able to splurge when the time comes. Having what you need over what you want is most important. No matter how financially bless you become, maintain a budget lifestyle because there are some many famous athletes and celebrities that are broke because they spent their money based on the income they were making rather than saving for the less the successful lifestyle they live today. I'm not suggesting not enjoying your blessing, but don't blow it all just because it's rolling in. Keep that rainy day fund full and when life hits you won't be scrounging for money but you will be able to pay for whatever you need with ease.
I hope this helps someone.