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You can't really "waste" money because it's yours to do what you want with it.
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But you do see what I mean: if itemx costs $5, and it's not the cheapest item on the market, and you buy it, it was considered wasteful. Bad for yourself, bad for the market. But that's what you gotta do when you didn't make all that much. Of course, nowadays everybody wants the latest trend/fashion. The higher the cost, the better.