My next door neighbor is the perfect example of frugal, saves money on things that doesn’t matter to them and spends money on things that do.

My next door neighbor is a specialist doctor who makes over $600K/yr (I know because he asked for help with TurboTax and had me take a look) and drives a 92 Corolla. His wife drives a 94 4Runner as the family car. They obviously don’t care about what they drive but their house is over 6,000 sq ft and they take about 4 overseas vacations every year. They stay in 5 star exclusive resorts and easily spend $10,000 for each vacation. They also don’t care about expensive brand name clothes (wife shops at Walmart) but they have the latest and greatest TVs, iPhones, iPads, kitchen gadgets, landscaping help, weekly maid service, etc. He’s also generous with donations and gift giving.

I understand his mentality, spend money on fun, comfort, and convenience, save money elsewhere.