Why waste money on sparkly baubles?

Owning fine jewellery and expensive toys is all very well – until they start to own you.

817-diamonds-634

Jewellery, cars, art the obsession with ownership

In the Daily Mail, Tom Utley recounts how, against his better judgement, he wound up paying £265 for a pair of shoes. Having left home in search of "a new pair of black Oxfords" for work, he found himself in a smart shop where prices for black Oxfords start at £195 for a pair, rising to £265 in the middle of the range and well over £300 at the top, according to the quality of the leather.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.