There is this misconception that peeps with money aren't thrifty in many regards. I still remember how shocked I was when I saw the first wealthy man that I dated clipped coupons! It was SO FUNNY to see this dude with more money than God going through the Sunday paper (a weekly ritual) tearing out coupons.
It is all about spending your money on what YOU feel has value.
I dont know what I find more amusing: wealthy peeps who clip coupons and shop at the dollar store (I know MANY) or the middle class peeps that spend gobs of money on ridiculous items like T's and handbags or sunglasses to advertise to everyone else that they spent a lot of money on that particular thing while they can barely make rent!