I remember, someone gave me Rs. 10,000 (=$100) for food charity (food distribution to the poor, I run with my friends). Some 300 poor people satisfied their hunger for one time, with that much money. Imagine, how many had their meals with Rs. 26,000 (=$260) and so on. But the point is, we can easily spend Rs.10,000 in a group of 8 people, for one meal at any buffet (eg iftaar, lunch or dinner), so compare that with a meal for 300 people.
Extravagance – is to exceed the limits of what is required or what is customary. We should not spend wastefully in the manner of the spendthrift. Eat and drink but not waste by extravagance. As you know, extravagants are considered the brother of evil. And we should also not be miser, in fact when we spend, we should neither be extravagant nor niggardly (scrimy), but hold a just (balance) between those (extremes). It does not relate to food or eating, instead we should avoid being extravagant in all matters, eg in drinking, clothing, conversation, spending, sleeping, hygiene, laughing, joking, praising, criticism, prayers (ibadat), in fact we should choose the path of moderation in virtually every part of our life. The method of determining whether or not an action is extravagant is to consider whether it exceeds what is needed or exceeds what is customarily regarded by the people to be within acceptable limits or common in the society or people with your same stature.
If we (blessed to be rich) observe these practices in our life, there would not be this much of a poverty in our neighbourhood, cities, countries and planet earth, that we see today, the extreme economic disparity in our society. If everyone abstains from excesses or lavish lifestyle and instead share extra money to the less privileged and thus does his/her part in charity, according to his/her capacity, we would have removed poverty and hunger from the world and it would be a lot happier place. Bless you all!
Some quotes on this:
In everything the middle course is best: All things in excess bring trouble to men.
Titus Maccius Plautus
The passion of acquiring riches in order to support a vain expense, corrupts the purest souls.
Francis De S.Fenelon
A bedroom requires a bed. Everything else was extravagance. Well, he had a bed all right.
If extravagance were a fault, it would not have a place in the festivals of the gods.
An extravagance is something that your spirit thinks is a necessity.
He who buys what he needs not, sells what he needs.
Prodigality is indeed the vice of a weak nature, as avarice is of a strong one; it comes of a weak craving for those blandishments of the world which are easily to be had for money.
Sir Henry Taylor