In my life I’ve treated myself to four designer handbags and one pair of boots. None of this put me into debt and neither did it prevent me from doing things like nights out, buying a house, travel etc.
I wore one bag out for dinner recently and friend made a comment about how she would never spend so much money on just a bag. Absolutely fine. It holds no appeal to some people.
My issue is that she buys fake designer bags, so she clearly buys into the “status” of perceived wealth.