TOUCH to CALL NOW!
CALL 1-800-2-ASK-NOW

Career & Finance Articles

Worth The Splurge?

Worth The Splurge?

If you are anything like most people, you have to keep careful track of your personal budget, accounting for each dollar (or penny) that flows in and out of your bank account. While budgeting comes naturally to some people, it can be a real struggle for many others.

And no wonder many people balk at the very idea of a financial budget with its visions of “trimming the fat” and “scraping by” with little to no indulgences. What you need to know is that a carefully considered budget can be the foundation of your financial health, which in turn may lead you to greater levels of happiness and satisfaction.

That’s the thing about a budget; it’s entirely personal—you get to set your priorities, and you get to decide if an item or experience is worth the splurge, or not. When facing a budget-busting choice, it’s important to ask yourself the following questions:

Is This A Want or Need

Almost all budgetary questions start by asking yourself if the purchase in question is a want or need. This question helps set the baseline for your response. If something is an actual need, then it’s time for you to play around with the budget to find the funds from another area or sacrifice the little luxuries. If however, the purchase in question is a want, it’s time to do some more soul-searching on whether or not you want to give into your desire.

Is This “My Thing”?

We all have different budgets that reflect our personal interests and priorities. How does the splurge in question align with your interests and priorities? If it’s something that’s barely on your radar or is more consumer trend, rather than a personal priority, it’s probably a good idea to skip the indulgence. However, if it is something that you will use or value, it may be a good idea to splurge and get exactly what you want in one purchase.

What Are The Alternatives?

Some splurges have budget-friendly options that give you the style and functionality you want at an affordable price. Do your research to figure out if there is a more cost-effective way to get what you want. Don't forget that sometimes it’s better to spend more money up front and end up with a better quality piece than to buy multiple of a cheaper version.

While it’s relatively straightforward to comparison shop for items, you can also comparison shop travel destinations and other experiences. It may take some creative thinking, but take the time to think about what you want out of a vacation and alternate locations that can provide the perfect mix of scenery, relaxation or adventure for you.

It doesn't pay to ignore the financial red flags that your budget is sinking under the weight of unwise spending and unnecessary debt. Face your fears and your bank account to build a future of financial security.

Career & Finance Advisors

LOVE SPECIALIST DANA
Master
Unlocks your love key to allow it to flow
EXT. 895514
Available
$13.00 Per Min.
5 Min. Free*
PSYCHIC CRISTINA
Master
Invites you to welcome romance into your heart.
EXT. 886268
Available
$13.00 Per Min.
5 Min. Free*
*With the purchase of an introductory package. For new customers only. Introductory offers, gift and club minutes for Top Rated advisors may not be used with Elite or Master advisors. Elite packages may not be used with Top Rated advisors.