Each person has to judge for themselves what is right and wrong and what they want to be held accountable for when judged according to the things they've done in this life. The Bible is quite sober about how we spend our lives and our money and it is best to let ones heart be their guide if it is one after God's.
Proverbs 28:22 He that hasteth to be rich hath an evil eye, and considereth not that poverty shall come upon him.
Proverbs 22:16 He who oppresses the poor to get gain for himself, and he who gives to the rich will surely come to want.
Proverbs 21:20 There is treasure to be desired and oil in the dwelling of the wise; but a foolish man spendeth it up.
Each foolish expenditure is weighed in the balance, and one is held accountable. "Did you feed me when I was hungry or give me clothes when I was naked?", are the words of Jesus when He returns and I would hate to explain why I wasted more money on the things and frivolous pleasures of the world than I did on feeding Him and clothing Him.
MATT. 25:31-45 When the Son of Man comes in his glory....He will put the sheep on his right and the goats on his left.....Then he will say to those on his left,'Depart from me, you who are cursed, into the eternal fire prepared for the devil & his angels. FOR I WAS HUNGRY & YOU GAVE ME NOTHING TO EAT, I WAS THIRSTY & YOU GAVE ME NOTHING TO DRINK, I WAS A STRANGER & YOU DID NOT INVITE ME IN, I NEEDED CLOTHES AND YOU DID NOT CLOTHE ME, I WAS SICK AND IN PRISON, AND YOU DID-- NOT LOOK AFTER ME.". "Whatever you did not do for one of the least of these, you did not do for me."