> after I've covered everything I need (including housing, clothing, food and taxes) that I could set on fire and not change my current condition. Housing and

> after I've covered everything I need (including housing, clothing, food and taxes) that I could set on fire and not change my current condition. Housing and taxes make sense because they're generally inflexible costs, but how does clothing fit into this? Unless you're sewing smocks out of burlap, the majority of most people's clothing expenses is fully discretionary in every sense of the word (even including work clothes, for those unfortunate enough to have their employer force them to dress a certain way). That isn't to say it's a waste of money, but it's discretionary in the same way that eating at nice restaurants or going to concerts is: something you spend not to survive, but to improve your quality of life in some way.