It’s Your Money…
It’s your money, and you can spend it on anything you want. You do however, need to decide if what you are spending it on is more important to you than other potential priorities, some you may not have even thought of.
Think of financial goals and priorities like a coin toss. In the same way a coin has two sides, your spending priorities do as well. On the one side is what you are spending money on now, and on the other side is what you want in the future – which is more important to you? Are you willing to give up one so you can have the other? For example restaurant lunches every day may not seem like, or be listed as one of your priorities , but when you choose that sort of short term discretionary spending above investing for the future, you are making it a priority. Will $2,000 or more a year spent on lunches bring you greater peace of mind, happiness, and long-term stability, than if you had used the money to pay off your debts, save for a house or your retirement, or start an emergency savings fund? Perhaps you love to travel – would you take your lunch to work or give up expensive coffee (or any other unnecessary expenditure), so you could take an exotic vacation every couple of years? Would you give up or cut back on travel, to save for a house? They are your priorities, so only you can choose what they are and their order of importance.
Is your list of goals and priorities financially realistic? Have you done the math?

Does your wish list include an expensive house or condo, nice car, travelling, entertaining, and retiring at 55? If you still have student loans or a lot of consumer debt (credit cards, in-store credit, auto-loans, etc), that may not be possible unless you have a high level of income, as well as the determination to get out of debt and curb your spending. You may have a long list of things you want, without giving much thought as to how you will pay for them all. Unless someone is born a trust fund baby with a silver spoon in their mouth, the reality is that we can’t afford everything we want. We all make compromises or trade-offs, and focus on only our top financial priorities. In other words:
I want, I want, I want, has to be balanced with I give, I give, I give…
For more on this subject, read the Goals and Priorities module at DNotesEDU.