We have an argument for rejecting an iterative but not an aggregative approach to the life-saving analogy. This means that, while Chs 7–9 show that certain forms of personal spending are morally defensible, the life-saving analogy still supplies us with grounds for thinking that other forms of personal spending are not. Some of the main practical implications of the resulting view are spelled out. The resulting view is not puritanical, but is still demanding in the constraints it places on living a morally good life.
Keywords: aggregation, good life, iteration, moral permission, moral requirement, personal spending, puritanism,