Is extravagance wrong?
It is hard to put your finger on extravagance. To one man it is one thing, but to another man it is entirely different. I believe the key is to live humbly within your means. If your earnings afford you some of the finer things of life, then so be it. Don't let envy enter your heart. However, extravagance is usually coupled with compulsion and a need to prove something. I believe you should strive to show extravagance in two areas. Giving and hospitality.