I've heard this before. A couple of my friends believe in it. Money not spent isn't mine/yours. I don't have kids. Probably won't have kids. So I wouldn't need/want to leave the money for anyone. For folks who have kids, they know what they will do with money left over. Whereas for folks with no kids, the idea is typically to spend it all. Hopefully spend ALL on the day they die so that the money is not "wasted". Of course this sounds logical. The idea to spend ALL or almost all their money before they die. Cos if you/I don't spend the money, means we wasted our lives earning it. If we leave $100k behind, means we spent days, months of our time earning an excess $100k which we did not utilize. For me, I don't believe in this. I don't believe it's necessary to spend all my money before I die to have "used" it...