Spending more than you have or want is always about ego, no matter how people want to put it. But it's like running on a hamster wheel, it can never stop as you enter the competition game. Someone else is always going to have more.

Sometimes people defend themselves by saying that they're the owners of their money, and they can spend it how they see fit. But then it's just trying to mask for financially irresponsible they've been.

Sweet denial. Rarely would someone admit that they are in financial slum because of their own fault. Reaching top bottom can be an awakening experience though