I talk lots about saving and getting out of debt. But, what about spending? Heck, what about splurging? Contrary to popular belief, I’m actually a fan of splurging.
For my family and me we don’t scrimp when it comes to groceries. I would guess we spend more than average on food a month. However, our “going out to eat” budget is quite small. We’re willing to eat really good, hearty, healthy food at home by sacrificing restaurants.
One thing I CERTAINLY don’t splurge on is my vehicle. My 1996 Honda Accord has become a bit of a joke. Many folks assume I drive a big expensive vehicle, but not the case. I bought my car over 10 years ago. It’s been paid off for years, gets 33 mpg, and costs me $27/month for insurance.
If driving a nice car is important to you and that’s your splurge…so be it! I’m not mad. That’s fine. But, the reality is we can’t splurge on EVERYTHING. Not splurging on a nice car for has allowed me to, in fact, splurge in other areas of my life.
Bottom line: splurging isn’t bad. I believe it’s a healthy part of a balanced financial life. But remember, you can’t splurge on everything. Pick your battles wisely!