After all, we work hard trying to stay on track financially. So an occasion splurging can help reward us as we pursue these goals. The key is to know when to indulge or when to abstain and this takes a little preparation.

• Always have a plan. Prioritize splurges you and incorporate them into your budget.
• Start cutting corners where you can, and start saving money earmarked for excess purchases.
• It is okay to splurge on luxuries if you have the cash. It is not okay to finance them with debt. If you can’t pay with cash, save up until you can.

Now that you have your luxury items on a list awaiting the cash, it’s a great time to research these items. When you research and plan you ensure that you are getting exactly what you want and for a good deal.  Planning ahead eliminates impulse spending, and promotes delayed gratification.

Keep in mind that most splurge purchases feel great at the time,  but the pleasure  wears off quickly, especially when debt is incurred. To make a long-lasting splurge think in terms of memories that will last a lifetime. An exotic destination or family reunion can be a good indulgence that may give you a long-lasting good feeling.

You can make your splurges count big with just a small amount of thought and preparation.

Answers from AZ