Splurging on a Budget: A Savvy way to Curve Impulse Spending

All my frugal strength was zapped by the splurging bug the other day.   I helplessly broke down and bought a Panini Press (Grill) and I love it! I couldn’t be happier with my purchase and guess what?  It was within my budget.  Yes, I budget for everything right down to my splurges!

I’ve contemplated purchasing a Panini grill for quite some time so when I was in Wal-Mart the other day, I just took the plunge and didn’t look back.  It really wasn’t that expensive….about $50 bucks or so.

If you’ve been reading some of my other posts then you know that I’m pretty frugal and normally buy a lot of items second hand.  But some things should be purchased new especially if it involves food.   I don’t like germs. 🙂

Oh yeah, never buy under garments secondhand either….that’s just nasty…yuck.

I digress…but anyway….

I simply love splurging and religiously budget for it every month.  In fact I think that everyone should have some form of discretionary funds set aside for fun.  Dave Ramsey calls it “blow money”.  It’s what makes life fun.  Splurging within your budget is not putting yourself in a strait jacket, it’s being financially responsible.  It helps you stay on track….and I need it because I get weak…especially when it comes to purses and shoes!  I can testify that it’s a horrible feeling when you break your budget….you definitely can’t enjoy what you bought as much when you know that you’ve over spent.   Splurging on a budget practically eliminates impulse buying which keeps you from overspending and helps you not to feel guilty at the end of the day.

Below are some helpful tips for splurging on a budget:

  • Set aside a set amount every month within your budget and stick to it.   This will help you be more disciplined.
  •  If you don’t spend all of your splurge money within the month, let it roll over and combine it with the next month’s splurge amount.  This will allow you to make bigger purchases.
  • Using cash instead of a debit/credit card helps you stay within your set amount for the month and not overspend. Once the splurge money is spent, then the splurging stops

So there you have it.  You CAN have your cake and eat it too….just budget for it.  What are some splurges you’ve budgeted for lately?

3 thoughts on “Splurging on a Budget: A Savvy way to Curve Impulse Spending”

    1. That’s great to hear. I agree, it does make you feel a whole lot better when you know that you’ve actually set that money aside and that’s it’s okay to spend it on whatever you want to spend it on knowing that it won’t blow your budget. Thanks for stopping by.

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