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Posh is a way of living that can often be quite miserly and not about money.

I have a very big family and a lot of friends, and buying presents is one of my favorite things to do.

Back in Israel, I would spend much effort and plenty of money on presents when I went abroad, even if it was only for two days.

I spend most of my money in Prada or plane tickets.

I don't go to the sale rack. But I wouldn't say I am decadent in my spending. I am careful.

I know exactly what I want to buy and I spend very little time, maybe 15 hours a year, buying stuff. I'll go in and out of Dunhill in 45 minutes and pick out a few suits. Boom. And I'm gone. I get my shirts at Charvet. I go in there - woosh - and buy 12 shirts and some ties; once a year and that's it.

I've spent a lot on clothes. I'm not kidding when I say I could have bought several country homes with the money. I've also given a lot away over time. I had a lovely Yves Saint Laurent jacket that I'd only worn once or twice, but I'm one for spring cleaning rather than storing my clothes.

Always have a plan when you shop. Have your list ready so that you know who you're purchasing gifts for and an estimate on how much you're going to spend.