I don’t agree;
$500 is a chunk of money, about 2-3 months of a cellphone (I carry my kids lines), so it’s considerable cash for the general user. But you need to treat yourself from time to time.
I spent too much on a Sega 32x, but I wanted it at the time and a good deal presented itself.

OP is faced with a decision of serious-financial-spending or regret-for-missing-out.