[lazypenguin]

I know someone from FSU (former Soviet Union). Their grandparents saved for decades, literally keeping their cash under their mattress. The grandmother wanted to buy a car but the grandfather said it’s better to save. One day they woke up in December of 1991 and that money was almost worthless. “We should have bought a car”, that grandmother never let her husband live it down.

Financial decisions are not so black and white. IMO only basic rules apply: live below your means, save more than you spend, avoid debt, etc. Any advice beyond that is a crapshoot.

[pascalxus]

There's two kinds of spending: assets and liabilities. assets make you richer, liabilities make you poorer. Car is the later.

It's okay to save every penny but you can't keep it in cash. You've got to buy some real asset: either real estate, gold, equities or bitcoin.