[Tim Walsh]

Some words of advice I once received on this subject made sense to me: Keep your life simple and before you buy something think: In 6 months will I remember that I have bought, or not bought this item and will that something still mean something to me.

ie food: You'll remember if you starved or you might think you spent too much at that restaurant, or you splurged and it was worth it.

or going to the Kart track on a regular basis: I won't remember what lap times I ran or anything special about that week. Therefor I only go with friends on a rare occasion and those days I do remember and I consider money well spent.

This mentality has helped me spend money on things that are important to me and keep frivolous spending down.