Buy things you need, use them till its unusable. Be frugal and less ...
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We in this modern age are constantly being exposed to "things we need to have". A need to change our phone, a need to upgrade our car, a need to live a lavish lifestyle, a need for a status etc. These "needs" are perpetuated on all forms of media(TV, movies, internet, magazine), in very creative and subtle ways.
These of course are not "needs", but wants. 'We have to buy this because it is trendy and new', a very common train of thought for an excessive consumer. I see this as something bad, as chronic excessive spenders usually go into debt, feel overly stressful and fall sick. All these drains more money. You may appear rich on the outside, but on actuality, you are in debt with no more money left. What is the point of that?