I like the earning potential argument, and I also consider the useful life of the products I purchase: A canoe bought now has a long lifespan, and provides seve

I like the earning potential argument, and I also consider the useful life of the products I purchase: A canoe bought now has a long lifespan, and provides several years of enjoyment that will be lost if I wait to purchase the same thing. This argument does not work quite as well for something that depreciates, or deteriorates quickly, but paying more for immediate use of something isn't always crazy.