8 Luxury Items Both Rich People and Frugal People Will Never Buy


Most of the time, we ordinary folk assume that rich people buy whatever their hearts desire. But this isn’t entirely true, as there are, in fact, certain things that rich people will never waste their money on.

Even rich people know that these things are just not worth the money and are too luxurious even for them.

Here’s a list of some of the things that most wealthy people will never buy into.

Mega Yachts

Close up detail of a modern charter or private superyacht, with a dramatic sky in the background.
Image Credit: Lucia.Pinto/Shutterstock.

Yes, mega yachts are synonymous with luxury and wealth, but not every rich person wants a piece of this pie. The docking, maintenance, and crew fees are astronomical, to begin with, and if they wanted a yacht, they would probably opt for a smaller one. Or better yet, rent one for the few occasions that they do decide to spend time at sea.

Excessive Jewelry

jewelry costume gemstone emerald opal crystal pearl vintage silver, gold rings earrings necklace bracelets on black background cosmetic case
Image Credit: PHOTOARTDESIGN/Shutterstock.

Top-notch jewelry is unquestionably popular for the rich, but of course, there are boundaries when it comes to how many pieces one needs. For the rich, overly expensive, or exceptionally elaborate, jewelry pieces that don’t offer any versatility are rarely something that they would buy into. Affluent folks usually prefer to go for timeless and versatile jewelry items that can be donned on different occasions.

Extravagant Gifts

closeup luxury automatic wristwatch for men with black dial and stainless steel bracelet.
Image Credit: Nor Gal/Shutterstock.

It may be tempting to buy someone an over-the-top gift, but wealthy individuals prefer to opt for more meaningful gifts. After all, it’s the thought that counts.

High-End Cars

Red luxury supercar Ferrari
Image Credit: BONDART PHOTOGRAPHY/Shutterstock.

Instead of buying luxury vehicles or flashy sports cars, most wealthy folks opt for practical vehicles that are reliable and render good gas mileage. Even rich people know that at the end of the day, it’s more important that your car is going to get you from point A to point B rather than how you will look whilst driving it.

Impulse Buys

shopping concept. Beautiful girls are having financial problems. Beautiful girl looking empty wallet
Image Credit: Sellwell/Shutterstock.

Have you ever purchased something impulsively, only to later realize that you didn’t need it? Wealthy people try to avoid such habits altogether. They know that any purchase outside of their basic needs requires planning if overall financial success is to be achieved.

High End Branded Clothing

A Ralph Lauren outlet, October 21, 2013, Geneva, Switzerland. Best known for the Polo Ralph Lauren clothing brand, Forbes estimated his wealth at .5 billion dollars in 2012.
Image Credit: Martin Good/Shutterstock.

Just as it may be pointless to spend exuberant amounts of money on luxury cars, the same goes for high-end clothes. Instead of splurging too much money on designer brands that cost a fortune, rich people prefer to opt for high-quality, understated garments that are going to serve them for an extended period.

Overpriced Homes

New million dollar homes in affluent neighborhood, sales are steady
Image Credit: Ernest R. Prim/Shutterstock.

Investing in a home that’s above one’s budget is not something that wealthy individuals do. They also don’t go for overly large mansions that have high up-keep fees. They know that it’s only going to cost them a lot of money when the time comes to renovate or update interiors, so instead, they stick to homes that are easy to maintain and well within their means.

High-End Collectibles


Numismatics. Old collectible coins made of silver on a wooden table.Coins in the album.Collection of old coins. Magnifying glass
Image Credit: Bukhta Yurii/Shutterstock.


It’s easy to assume that the wealthy may buy into collectibles that hold historical significance, but actually, this is not the case at all. Instead, the wealthy usually prioritize spending their money on investments that appreciate over time. Even though high-end collectibles may be pricey and may seem like a sound purchase, they typically don’t meet this criterion of value appreciation over time.

7 Frugal Habits of Millionaires

Stylish man sitting in sport car.
Image Credit: Rasstock/Shutterstock.


Most people think millionaires aren’t all frugal, but did they ever stop to wonder how millionaires got so rich in the first place?

Maybe, just maybe, they started out with modest, frugal lifestyles to get to their millionaire status. Here are some ways in which millionaires lead their lives to live up to their millionaire rankings.

7 Frugal Habits of Millionaires

I’m Frugal: Here Are My Top 30 Frugal Living Tips to Save Money

Funny child hugs the radiator. Kid in hat and warm clothes enjoying home heater. Heating of housing during the energy crisis in the winter cold season. Restrictions and savings of gas and electricity.
Image credit: Sharomka/Shutterstock.


I’m super frugal, and one of my passions is sharing my frugal living tips with everyone.

Here are some of my absolute favorite frugal tips to help you get started on your journey to frugal living.

I’m Frugal: Here Are My Top 30 Frugal Living Tips to Save Money

15 Things That Are No Longer Worth It Because of How Expensive They Have Become

Portrait of beautiful young blonde woman posing and giving a kiss to the camera.
Image Credit: PKpix/Shutterstock.


Everything comes with a hefty price tag these days. From indulgences to essentials, the cost of living keeps rising. We used to consider certain items affordable options, but now they’ve become so expensive that they’re no longer worth it. Here are 15 things that have lost their affordability and make us wonder if they are worth it!

15 Things That Are No Longer Worth It Because of How Expensive They Have Become

28 Practical Ways Frugal People Save Lots of Money

Young pretty woman traveller in baseball cap looks and smiles at camera at green nature forest background, portrait close up.
Image Credit: DedMityay/Shutterstock.


Saving money doesn’t have to mean saying goodbye to life’s little indulgences. With a few smart tweaks, you can stash away cash for that dream vacation, rainy day fund, or splurge-worthy purchase without feeling like you’re on a constant budget patrol.

Think of it as a side hustle that pays off without the extra hours. Whether you’re looking to conquer debt or simply boost your bank account, these tips are guaranteed to put more money in your pocket, painlessly.

28 Practical Ways Frugal People Save Lots of Money

14 Ridiculously Random Tips That Could Save You Lots Money

Photo of thought elder white hair man work laptop hand face sit wear spectacles yellow shirt at home alone.
Image Credit: Roman Samborskyi/Shutterstock,.


Want to save some money? There are so many ways to save money that are published in articles all day, every day.

It can be tiring to sort through them and find the ones that work for you, so we decided to scour the internet and find some of the best ones to share with you. But we couldn’t decide which ones to share with you, so we just decided to share the ones we liked, which means that these are pretty random!

14 Ridiculously Random Tips That Could Save You Lots Money



Leave a Comment