Blimey, their definitions of what you need to live well are not mine! We’ve nearly finished decorating all the rooms in our house (after 11 years here) and I have no intention of decorating them again for many, many years. And we run a 10 year old car that we have no intention of replacing for a few more years yet. Our last one was 17 years old when it was replaced, and that was only because of the UK scrapage scheme at that time paid us to do so.
Our budget is much more slanted to fun - cinema, theatre, presents etc - than clothes or replacing perfectly functional kitchens…