> I find myself to be the direct opposite, always spending on exactly what I need and spending rather averagely even when I could actually afford more.

But this is the trick here only that it should come with balance from time to time.
> Most people own what they own to simply create an impression.

I find this a sad place to be. Having to live life for the validation of another that might truly not care.

> because it tends to unbalance their beliefs. 

Lol... I call it **a reality check**.

> The mindset behind the ownership is what proves to you if you have a minimalist tendency or not.

Truly, everything is birthed from the mind. Before I carry out reckless spending or splurge on a *'want'* item, I ask myself Why? It always helps me either swipe that card or put that card right back in my purse where it should be.

Beautifully articulated write-up @josediccus.