If there’s one thing I’m going to do, it’s treat myself. But how do I splurge without feeling regret?
I enjoy my designer bags and shoes, and I love having my morning venti matcha latte from Starbucks periodically. Also, when it comes to fragrances, the niche the better. But don’t get me wrong, I’m not condoning spending what you don’t have, and I never would. I tend to shop on a budget, even for vacations and flights, including first-class flights. But there is a way you can splurge without regret.
Here are a few ways you can do so:
Save For What You Want
This may seem like common sense, but if you want to buy something that’s a little bit more on the expensive side, start saving up for it. This way, when you make the purchase, you won’t feel guilty because you know that you’ve saved up enough money to cover the cost.
Do Your Research
If you’re going to splurge on something, make sure you do your research first. This way, you can be sure that you’re getting the best quality product for your money. For example, if you’re looking to buy a designer handbag, read reviews and compare prices, and make sure that you’re getting what you want and need. There’s nothing worse than regretting a purchase because you didn’t do your homework.
Buy What You Need, Not What You Want
It’s easy to get caught up in buying things that we want but don’t necessarily need. But if you stick to buying what you need, you’ll save money in the long run and won’t have to worry about regretting your purchase later on.
Think About How Much Use You’ll Get Out of It
Before making any purchase, think about how much use you’ll actually get out of it. If you’re only going to use it once or twice, it’s probably not worth splurging on. But if you know you’ll get a lot of use out of it, then it might be worth the investment.
Don’t Splurge on Impulse
It can be tempting to splurge on something when we see it and think it’s too good to pass up. But more often than not, these impulse purchases are things we end up regretting later on. So before you buy something, ask yourself if you really need it or if you’re just buying it because it’s on sale.
Consider How It Will Fit Into Your Budget
Before making any purchase, consider how it will fit into your overall budget. If you can’t afford to splurge without putting yourself in debt, then it’s probably not worth it. But if you have the extra cash to spare, then go ahead and treat yourself!
Ask Yourself If You Really Need It
We’ve all been there before. We see something that we want and we just have to have it. But before you make the purchase, ask yourself if you really need it. Will it improve your life in some way? Or are you just buying it because it’s on sale? If you can’t answer yes to either of those questions, then put the item back and walk away.
Wait 24 Hours
This is a tip that I always use when I’m considering making a big purchase. If I’m still thinking about the item 24 hours later, then I know that I really want it and I’ll go ahead and buy it. But if I’m not thinking about it after a day, then I know that it wasn’t meant to be.
Whenever possible, use cash instead of credit, and cash can include your debit card if you’re good at budgeting. This way, you won’t be tempted to spend more money than you have. Credit card debt is not something that you want to deal with.
Buy Quality Over Quantity
It’s better to have one or two pieces that are high quality and will last long-term than to have a closet full of cheap clothes that fall apart after one wear. When you buy quality items, you’ll be able to keep them for years and years, which will save you money in the long run. It’s one of the reasons I try to avoid fast fashion as much as I can. While fast fashion may look cute, it generally only holds up for one to two wears, meaning you’re actually wasting money instead of saving it.
Wait for Sales
If you can wait to make a purchase, do it! There’s nothing wrong with being patient. More often than not, the item you want will go on sale eventually. And when it does, you’ll be glad you waited because you’ll be saving money.
Splurging doesn’t have to mean going into debt or spending money you don’t have. If you follow these tips, you’ll be able to treat yourself without feeling guilty or regretful. Go ahead and indulge in that designer handbag or luxurious vacation-you deserve it!