The value of an item is how you perceive it. I am always fascinated how so many people purchase items well over their value. We can have the tendency to overspend.
If you really put your mind to it you can live with very little expense. We tend to go overboard be it with food or clothing without to mention auxiliary things.
I am doing an experiment at the moment and limiting myself to purchasing only necessity items. I have become disciplined with food shopping and watching specials and making sensible purchases. A year ago I could easily walk into a supermarket and purchase with my emotions and end up spending around 70% too much than needed. Very often I am throwing away a lot of on the spot buying.
Before I set out to do my shopping I make a list of what I need. This list can include impulse purchases provided they are making a saving for me. When I head off to the shops I follow my list. I first compare prices with the various products and most importantly check the use by date. With this combination I make a choice. While I do this I keep an eye out for specials of products which can be used later. The need to impulse buy is very difficult to hold back but I think I am getting better at it. I have now been able to purchase only what I need but it has taken a long time to come to this point. I have found I am throwing out less waste but more importantly I have extra cash to help pay the bills when they come. This is a win/win situation.
I think everyone is guilty of having unnecessary expenses but if we put our minds to it we can make a difference in our spending habits.