Ask the Readers: What Do You Splurge On? Print
Friday, 11th April 2008 (by J.D.)This article is about Ask the Readers, Choices
I write a lot about frugality, about saving for the future. But what about enjoying life today? My friend Matt recently asked, “Amid all the saving and sacrifices you make to keep your financial life in order, what is your one extravagance that you deem worth spending money on? I know with you it’s that Filson clothing stuff, right? Maybe Apple products?”
He’s right. I love both Filson and Apple. I don’t often splurge on Filson — I’m just too cheap — but I always spend more for Apple computers because they’re worth it to me. I don’t really consider that a splurge, though, because it helps to increase my productivity. My food spending? Now, that is a splurge! Kris and I love fine food, and we’re not afraid to pay for it. On our recent trip to San Francisco, I spent more on food than I spent on clothing during all of 2007.
But Matt wanted to know more. “I’d love to hear these personal finance bloggers who try and one-up each other on how hard they clip coupons or how much they devote to their 401k, I’d love to hear they get a massage every so often or bought a new fancy car and why they chose to spend their money on that one thing.”
Armed with Matt’s suggestion, I approached some of my colleagues. Here are the things personal finance bloggers splurge on:
NCN from No Credit Needed wrote:
I like saving money but I don’t mind splurging on a few things. Included among these are gymnastics lessons for my daughter. She’s eight, and she is a competitive gymnast. Her training sessions are expensive but important to her. So, we gladly pay for them. I’m not sure that this is an extravagance, but it certainly isn’t necessary.
FMF from Free Money Finance wrote:
Cycling is my one extravagance. I bought a new road bike last year for a few thousand dollars. Add in other purchases like a bike rack for my SUV, specialized bike clothes, hydration packs, nutritional bars, maintenance equipment and on and on — and it comes out to be a sizable amount. Then again, cycling keeps me in shape and has helped my cholesterol drop like a rock, so I’m sure it’s actually saving me money in the long run. That’s my story, at least, and I’m sticking to it.
Will from Wise Bread wrote:
I’m willing to pay a high premium to avoid LA traffic. I’ve never lived more than a ten-minute drive away from any of my jobs. This usually means paying an extra $300 a month for the convenience. But I think it is worth it because I get an extra two hours a day in my life. That works out to be $5 per hour — a price I’ll gladly pay for spending more time on my blog (um, I mean my family).
Pinyo from Moolanomy wrote:
While my wife and I try to save as much money as possible, we tend to splurge on things that bring the family together and improve our quality of life. For instance, we like to eat out on the weekends and don’t mind spending more money at a good restaurant. We also don’t mind spending money on trips and vacations. Lastly, we like to spend more money on higher quality items if we know we will be using them for a long time.
Jim from Blueprint for Financial Prosperity wrote:
I’m all about spend as little as possible for “stuff” and the splurging on experiences. For example, I’ll try to pay as little as possible for the computer I’ll need (almost the opposite of J.D. and his Apple fetish), or haggle my way to the cheapest cell phone plan, but I’ll go gangbusters when I’m on vacation. For example, on our honeymoon, we took a helicopter tour of Kauai, Hawaii that ran $240 a piece. While pricey, I value the experience of touring Kauai on a helicopter with my wife — and not feeling guilty over spending the money — more than accumulating “stuff.”
Plonkee from Plonkee Money wrote:
I’m not the most frugal person in the world, but I do tend to stick to a pretty middle of the road existence, not splashing out on much. My main extravagance is haircuts — I get my regular cut and blow dry in probably the nicest and most expensive salon in the city. Given the unexciting hairstyles I normally sport, I could probably spend about half the amount and get the same cut, but I trust my hairdresser, and I feel like I’m spending for quality. I also love pretending that I’m fashionable and sophisticated, and can afford the high life.
Trent from The Simple Dollar wrote:
I tend to splurge on anything Nintendo. I own a Wii and a DS and have a grand old time with both of them.
The GLBL Guy from Gather Little By Little wrote:
Dress shoes. I wear my dress shoes all day long, 5-6 days a week. I want shoes that are durable, comfortable and easy to maintain. I started wearing Doc Martens ten years ago, and I still have and wear that first pair. I’m willing to put out the extra money in the short-term to wear them in the long-term.
Nina from Queercents wrote:
My partner and I prefer to buy experiences rather than things. We’ll spend money on a nice piece of fish and an above average bottle of Sauvignon Blanc. That’s a typical Tuesday night for us. Most people concentrate their disposable dollars on things reserved for special occasions rather than on what we do or use everyday. Alexandra Stoddard writes of the 5-percent Rule. This translates into: “a tendency to save up for a few outstanding events each year — for a particular party, anniversary or birthday celebration, a vacation. Such events comprise at the most 5 percent of our living time, and the remaining 95 percent is often merely walked through in wistful anticipation of some later joy.” We pay attention to the smaller, day-to-day occurrences and are willing to splurge on these experiences.
Flexo from Consumerism Commentary wrote:
My biggest splurge, which I would consider to be a series of small splurges, is my habit to eat lunch with my coworkers out of the office. I do this because I don’t like cooking for myself at home, the office’s cafeteria is as expensive as going out (and I can get better food out of the office), and I prefer the company of my co-workers. I’ve tried brown-bagging it, but after many years, I can’t get that to work for me.
SVB from The Digerati Life wrote:
I am a frugalist at heart and practice a lot of discipline and self-control when it comes to spending. I don’t buy stuff very often and don’t buy on impulse. However, I do have a few things I may splurge on without regrets. I usually don’t hold back when I purchase things for my house that I think will beautify it or make it more comfortable to live in. In particular, I have a weakness for fabric and linen (e.g. pretty curtains and bed accessories), as well as garden plants. Not only do they add to my family’s personal comfort and enjoyment but I also feel that they add to the value of our surroundings. I view curb appeal as an investment! Or it could just be my “nesting instinct” kicking in.
Cap from Stop Buying Crap wrote:
When I’m traveling or on vacation, I would splurge as if there’s no depths to my bankroll. My internal calculator will turn off, and everything will suddenly become affordable in my eyes. Expensive dinner? No problem. Overpriced souvenirs that’ll most likely collect dust soon after? Two please. The spend attitude, of course, quickly wears itself out after the vacation is over — especially when the bill arrives. Having said that, I generally won’t revisit these places again, so the price of a fun experience for myself and loved ones is well worth the splurge.
Lily from The Honest Dollar wrote:
My boyfriend and I are fairly serious about saving. Being young and living in New York, we have a lot of opportunities for spending money, but we tend to be conservative in daily spending. Our main splurge is food. We save up to go to Michelin-rated restaurants. We drop the big bucks on organic chicken and beef because my boyfriend swears they taste better (I’m skeptical, but I humor him). We invest in quality cookware. After all, you are what you eat.
Mrs. Micah wrote:
When I asked my husband about my one splurge, he said exactly what I was thinking: “chocolate!” I buy a bag of Nestle semi-sweet chips every week and by the end it’s all gone. If I want a little pick-me-up, I’ll have a dozen chips straight. Or I’ll mix them up with peanuts as a trail mix to stave off blood sugar drops. If it affected my weight I’d stop, but since it doesn’t I count it as a regular grocery expense like rice and milk.
Jeremy from Gen X Finance wrote:
As Elaine described George in an episode of Seinfeld, I’m very careful with money. Most purchases are planned out well in advance, and I almost always buy something when it is on sale. The one exception is food. Now, I’m not talking about fancy restaurant food, but fresh food for cooking at home. I absolutely love to cook. So if I feel like cooking steak, I’ll go buy steak. I’m talking NY Strip, Ribeye, etc. I’ll buy 20 dollar a pound fresh sea scallops, imported cheese, or whatever is needed to create the meal I desire. To me, great food is one of the best things to experience in life, so it is worth every penny.
Nickel from Five Cent Nickel worte:
Over the past couple of years, our spending patterns have been increasingly shaped by a desire to create wonderful memories as opposed to accumulating more stuff. I think this is largely driven by the realization that our kids won’t be young forever, and we need to enjoy this time in our life as much as possible. So our biggest splurges now run toward travel — either trips to see extended family, or family vacations.
I think that even the most frugal person has one or two indulgences she allows herself. And that’s not wrong. In fact, it’s good. It’s these things that keep us going as we save for the future. What do you splurge on and why?

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April 11th, 2008 at 5:07 am
Travel. That’s an easy one. Nothing makes me feel like traveling does. The escapism, the adventure, going into the unknown—it’s all so much fun and so moving that I don’t pay too much attention to what I’m spending. This is the main reason why I’m cheap (yeah, I’m cheap) in most other facets of my life. Take away traveling and I’ll probably throw my money at a whole bunch of unnecessary stuff (for me at least).
April 11th, 2008 at 5:17 am
I splurge on things for my kids. I pony up the dough for kindermusik classes for them (they are toddlers) and on name brand yogurt and mac and cheese. I do save money not buying name brand diapers though-store brand diapers work just fine. I also find it hard to resist when my son asks me SO politely if he can please have a toy car-especially since he has NEVER thrown a fit when I tell him “not today”. If a shopping trip takes an especially long time and he is being very patient and well behaved I don’t see anything wrong with a $2-$3 splurge on a toy car. It just feels good to me to be able to provide more than the minimum “roof over their heads, meal on the table”.
April 11th, 2008 at 5:20 am
Organic and otherwise healthy foods. But is it a splurge if I haven’t been to the doctor in five years?
I splurged on my iMac 3.5 years ago. And I bought a used PowerBook from 2000 as a writing machine and backup. They last in a workable manner for quite some time if maintained and updated.
I splurge on quality. I don’t mind paying extra now to get more time and quality on the back end.
April 11th, 2008 at 5:28 am
I splurge on alcohol. I appreciate how iffy that sounds, but I’m not talking about going on a massive binge every weekend here. What I mean is that I’ll gladly shell out $100 for a really good bottle of bourbon, which will last months and be an experience more than a drink. Likewise if I’m going to put a dozen beers in my fridge I’ll probably get something imported which I really love, rather than just grab whatever brand is on offer in the supermarket that week. I have a bottle of vodka in my freezer that I’ve been nursing for over a year - it was a sizeable purchase when you consider what else that money could have gone on, but being able to dip into something of such high quality now and then has been a worthwhile splurge in my eyes.
It’s actually a good job that I drink in such moderation, otherwise an expensive taste like this would quickly bankrupt me =/
April 11th, 2008 at 5:32 am
I splurge on good ingredients for my cooking. It really doesn’t cost that much more, especially since I don’t eat out much (I probably end up saving money in the end by cooking at home so much). The one “eating out” splurge I have is sushi once a month. I haven’t managed to make that at home with any success.
My other splurge is fine, luxurious silk scarves. I wear one every day and it always makes me feel like a million bucks. I actually walk taller when I have these pieces of wearable art on. I pay cash for them with savings I’ve allocated for this particular purchase. There have been some seasons where I didn’t find anything I liked, so that allocated money went to my investments instead. It’s good to be a choosy shopper!
Oh yes, count me in on being willing to spend a little more for quality. I LOATHE shopping (a good trait for staying frugal, I guess), and if spending a little more one time for quality means I can avoid going to the store anytime soon, I’ll do it.
April 11th, 2008 at 5:36 am
The things that feel like splurges are food and drink, more than anything else. We could go without wine with dinner most nights, and switch more to boxed and canned foods if we wanted to save money that badly, but having good food and drink goes a long way toward maintaining a high level of satisfaction with frugality in every other aspect of our lives.
The things that look like splurges aren’t really: I’ve been to Ireland 3x for a total of 6 months in the last two years, but that was for dissertation research, and counts as necessary; also a new MacBook and software. I spent $100 on running shoes for the first time two months ago, but being an overpronater with low arches and a tendency to knee problems (all of which have been alleviated by the more expensive shoes) makes that necessary as well.
It’s all about perspective, baby.
April 11th, 2008 at 5:36 am
Moleskine Notebooks. I am cheapskate for everything but these, and I figure splurging on the cheapest possible ‘luxury item’ makes more sense than splurging on a new luxury car.
April 11th, 2008 at 5:45 am
The most common denominator among pf bloggers seems to be food! I don’t think that’s my splurge though. My wife and I tend to be very frugal, but we like to spend money on travel and experiences.
We took a Mediterranean cruise for our honeymoon last fall and must have spend around 7-8 grand. To be honest, I never bothered to figure out the exact amount we spent. We searched for deals on the cruise line and airline tickets and did well on those. But once we were there, we ate well and went on every excursion we could. This was a once and a lifetime event and it was worth every penny.
April 11th, 2008 at 5:52 am
Without a doubt it’s clothes. I prefer to buy high-quality, relatively expensive clothes (no Prada or Gucci or anything like that, but a lot of Jacob and Guess) which last me a while and look a lot nicer than the generic, low quality stuff found in most places.
I’m not much of a food splurger though! When my fiancee and I went shopping once for chili I made him buy no-name beans because they were 75 cents cheaper… he teases me about it to this day!
April 11th, 2008 at 5:54 am
I am the same as Cap, in that I spend on travel without a thought. When I am on vacation I’m like another person, the nicest hotel, the finest restaraunts, and if I want to spend $150 to go whale watching then so be it, I live in the midwest so when is the next time I get to do that?
I do however budget for vacations (over budget)I know when I’m out and about I will do the whole thing in cash and I alot an obsene amount of money.
I’m nothing like that in the rest of my life. I guess that it’s because in everyday living I have to be aware of my goals and objectives (which includes going on vacation).
April 11th, 2008 at 5:57 am
We love travel, but we prefer “roughing it” so a trip itself isn’t the money-sucker. The culprit is my (expensive) hobby: landscape photography. The lenses and filters I bought for our last vacation cost more than the vacation itself…and it was a month long!
April 11th, 2008 at 6:02 am
Sushi. If you have to ask why, I afraid you wouldn’t understand.
April 11th, 2008 at 6:05 am
Daily-wear disposable contact lenses. I max out my 401(k), I fully fund my IRA, I throw a chunk of change in my emergency fund each month, I stick to a budget, and my spare-change milk bottle is a mighty tower of small-time thrift. With all the “big stuff” financial machinery humming along, I have no difficulty shelling out the dough to avoid wearing glasses and not burning time and patience each night cleaning extended-wear lenses. (Plus I can apply the cost against my §125 plan funds at work, allowing me to shelter more money from Uncle Sam.)
April 11th, 2008 at 6:10 am
I agree with the food. Good quality food is important to me. The other thing I splurge on… An odd one: Gas. I drive around way more than I have to. I love driving.
April 11th, 2008 at 6:13 am
I’m with the rest of the travelers. I will pinch every penny and clip a thousand coupons for the grocery store. I’ll meticulously budget every other portion of our lives, but I must must have the weekend in the mountains, the short trip to the beach, and the occasional trip “back home”. I love to travel and want to see the world.
This afternoon, we’re heading to the North Georgia mountains… haven’t seen Wes in a week. It’s going to just be us and the kids. No cell phone coverage. No internet. Bring on the splurge!
April 11th, 2008 at 6:17 am
Musical instruments and singing lessons.
April 11th, 2008 at 6:19 am
Vacations. I like to enjoy a nice vacation with my family to the Smoky Mountains once a year. We created a sinking fund a couple years ago for the cabin rental and related expenses, and we cash flow food/gas, etc. It’s expensive, but we have made some great memories the last couple years and plan to make it an annual event. I offset the expense by paying cash instead of running up credit (which we did in year’s past). No sense bringing bills back home with me at the end of vacation!
April 11th, 2008 at 6:21 am
@JD - Thank you for including me in this survey.
To answer this more precisely:
“I’d love to hear they get a massage every so often or bought a new fancy car and why they chose to spend their money on that one thing.”
I don’t spend money on massages while in the US due to the expense (I did once and regretted it). But when my wife and I visit Thailand, we get Thai massages almost daily. It cost about $20 per hour, and the work done is excellent.
April 11th, 2008 at 6:22 am
My wife would give you a very long list of my vices. Fortunately, most of them do not cost much. The exceptions are a fettish for overpriced wine (which I occasionally pretend is an investment.
In terms of budgeting, I give myself a “no questions asked” fixed amount to splurge each year. My wife does likewise with a portion of her annual bonus.
April 11th, 2008 at 6:29 am
My main splurges revolve around work. I purchased a new car about a year ago when I realized my job was my career and I would be here for quite some time. I spend 6 hours most days in my car on the road, and average 100-250 miles every work day, and I only live 3 miles from my office! I have never owned a new car, but rather have always paid cash for a cheaper reliable car. After driving a 2001 accent for a year, I came to realize the value and comfort, along with gas mileage, warrantly, free roadside assitance, and piece of mind that I have made every oil change and necessary service, was well worth the cost of my Mazda 3. My 24 month loan will be paid off in about 6 months, and I have not regretted it one bit!
My only other splurge: quality shoes. When you can wear a pair of 3 to 4 inch heals all day and NOT slip them off the moment you get home because they are so darn comfortable, that is well worth $75 to $100!!!!
April 11th, 2008 at 6:37 am
I’m not all that frugal yet - I’m trying to learn, though - but one thing I’ll probably always spend the extra money on is books. I don’t buy a lot of them (compared to what I COULD buy, anyway) but I prefer new books to used, in part because they’re in better shape but also because I like to support authors. I like hardback books because I reread books I enjoy over and over again, and paperbacks don’t hold up to that treatment.
I buy books at B&N instead of ordering online from Amazon or something, which might be cheaper, because I like to read part or all of a book before I get it, to see if it’s something I think I’ll reread (I generally don’t by a book if I don’t think I’ll reread it, though there are exceptions).
April 11th, 2008 at 6:40 am
My wife and I really splurged last month…we went out to eat at Qudoba once. Really! The budget is THAT tight. All the opulence you people are describing here is remarkable! Vacations, computers, massages…how would it be!?!?
April 11th, 2008 at 6:43 am
Travel, travel, travel. Nothing but 5 star hotels for me when I’m traveling and I generally take 3 trips a year (1 with the girls and 2 with my hubby). I save up for my trips, putting money aside each month so I can enjoy my travel without guilt.
I also generally prefer to buy quality products over quantity but I don’t really count that as a splurge.
April 11th, 2008 at 6:45 am
Food is a big one for my husband and me - we just bought a one-year membership in a cheese of the month club (~$350).
For me on a personal level, it’s bath and body products. I love to smell and feel good. The only problem is making sure I don’t end up with more than I’ll ever use.
April 11th, 2008 at 6:46 am
Organic food, good restaurants, and vacations.
I agree that while it’s important to save, we only live once; life is unbearably short and it’s important to enjoy it, even if it means spending a little more than usual once in a while.
April 11th, 2008 at 6:48 am
I’m not too surprised that a common denominator is food. Food is just tasty and it’s experiential. Thanks for including me, JD.
April 11th, 2008 at 6:52 am
JD, this is an interesting qutestion that could spin off dozzens of postings!
When we first started out, our splurges were infrequent. When we did splurge, we did so in a frugal manner-cooking at home vs. eating out (one weakness); buying tools used that needed a little TLC (my poison, I love tools); finding a good value wine and buying by the case (another love);heavy usage of the library (another love).
One day I looked up and a funny thing had happened. Though we still lived within our means, we lived a rich lifestyle. Some of that is because our means has increased faster than our spending. Some because we have gotten really good at finding values. Some because we have learned that it is better to have a few fantastic things we love than a house of junk.
April 11th, 2008 at 6:53 am
Art tools & supplies. My suppliers are a 5-hour drive from where I live, so I plan 3-day weekends 3 or 4 times a year to go & shop for pottery & stained glass supplies. Many of the pottery tools are small wooden hand tools that cost less than $5 or $10, but rummaging through the store’s entire box of a particular modeling tool to find the one that feels just right in my hand is such a wonderfully tactile experience. I can & do shop for much of my stock glass online, but when designing a special piece that requires more expensive, multi-colored glass, there is enough variation that it is essential I pick exactly which sheet of glass I need. Seeing all of that glass in one place is major eye candy! I stay with an artist friend who lives much closer & we make multiple day trips, eat lunch at our favorite restaurants & share costs & ideas. These weekends are my sensory overload weekends that completely energize & motivate me to create more!
April 11th, 2008 at 6:57 am
Definitely travel. We travel A LOT (probably 7 vacations last year). Memories of those experiences will always stay with you vs things.
April 11th, 2008 at 7:00 am
Thinking about this made me feel like I splurge all the time! I get hundred-dollar plus haircuts. I get massages a few times a year, and i’d like to up that to monthly. My husband, son and I go on expensive vacation (Kauai, Italy) and that’s one of my favorite things to do. I buy pricey art if I love it. I just bought a $2500 couch. I guess to make up for that I don’t get the AC or heat fixed in my 18 year old car.
April 11th, 2008 at 7:01 am
Backpacking gear. I love to get out of the city to go backpacking and play with my outdoor toys. I’m not afraid to spend a lot of money on something I know I’ll like and will last a long time. The memories are unforgettable.
April 11th, 2008 at 7:05 am
The most recent thing I splurged on was the Canon EOS Digital Rebel XTi camera. I saw it and immediately wanted it, shopped around for about 2 weeks, then broke down and bought it. Though I waited until I found the best price, it was still a splurge nearing $1,000.
However, I’m noticing that my typical “splurges” are all related my freelance graphic design business.
April 11th, 2008 at 7:15 am
For me it’s musical equipment - guitars, synthesizers, etc.
April 11th, 2008 at 7:19 am
When I was younger, I used to buy comics. Every Saturday I would go to my local comics store in the West End and buy one or two graphic novels or two or three single issues and be happy all afternooon. Eventually I stopped buying the singles and waited for the big volumes to come out. I had no idea how expensive my habit was, as I got the money I needed from my parents and I wasn’t interested in clothes, makeup or shoes. Looking back I probably have more than 200 graphic novels, with thousands of single comics wrapped in elastic. They dwarf my book collection and I still have to keep half of them at my parents house. I remember the novels being about £12 each, and the singles about £2-3 so we are talking a huge amount on one hobby. I’m not sorry though
April 11th, 2008 at 7:20 am
Nice bedding (I don’t believe in cheap sheets or thin pillows), comfortable yet supportive undergarments (ladies, are you with me on this one?), candles (make the switch and you will agree), and like most people–high quality cookware and good food ingredients. I also am a sucker for high quality yarn and other craft materials at a decent price, which quickly becomes indecent when I buy gargantuan loads of it. I also spend a lot of money turning my home from a place where I live to a place where I love to live.
April 11th, 2008 at 7:22 am
I will from time to time splurge on eating out. I have also splurged on rock concert tickets (average once a year over the past 5 years). Whenn I was younger I would splurge on baseball cards and video games.
April 11th, 2008 at 7:26 am
My big splurges are travel and most recently, golf. Until late, I played golf every now and again but I recently decided I wanted to play a lot more, both to get better and just because I really enjoy it. The only downfall is it’s a bit pricey. I just spent a decent amount on a good set of clubs that I plan on using for at least a few years as well as a round of lessons. I try to be frugal when possible which means choosing times and places that are a bit cheaper (most places offer discounts if your tee time is later in the day, after 2pm, after 5pm, etc).
I am going to try and incorporate both in the future. There are some really beautiful courses all over the world!
April 11th, 2008 at 7:26 am
Food and travel. Food and travel. I think it’s interesting that many of us have the same splurges. I’ve actually been considering travel as something I might want to do more of. If that happened, I’d have to cut back on food, and I know it.
April 11th, 2008 at 7:27 am
For me its “travelish”. I don’t need a 5 star hotel or first class airline tickets, but I like to travel and do things when i get where I’m going. that means backpacking, fishing, dining, photographing, skiing, and all those other things. Doing all those things requires gear, so I would say my big splurge is “travel equipment”. I just bought a camera that cost more than my last vacation. Beyond that my everyday splurge is wine. Life is too short to drink bad wine.
April 11th, 2008 at 7:28 am
Diet Mountain Dew. My habit with sales tax costs $511.00 per year here in Chicago. I only buy it when it is on sale and then stock pile it in my apartment.
I don’t drink alcohol, coffee, or tea, so I use that as my excuse. Dew is a Pepsi product and I am a stockholder, so I get back some of the money I spend back in the form of a dividend.
April 11th, 2008 at 7:30 am
Traveling for me as well. About twice a year I like to go Mexico to visit my family and friends. It takes me back to a simpler time in my life that I just love to have back. By the time I come back home to the US, I’m stress free and ready to get to work so I can save up for the next vacation.
April 11th, 2008 at 7:35 am
Right now my splurging is on cable TV- digital cable with DVR. It’s completely unnecessary because I hardly watch any shows, but being able to watch the shows I really like when I want to watch them (and skipping the commercials) is a nice luxury in my mind.
Once my credit cards are paid off- I will be splurging on a fancy new TV.
April 11th, 2008 at 7:42 am
Name brand, leather shoes — by which I mean brands like Kenneth Cole Reaction and Nine West for about $12.99-$25 at Ross. I price checked my last $12.99 Ross pair on Zappos and they were selling there for $93, so they are quite a bargain. They’re a splurge, though, because I have over 40 pairs of shoes — and that’s not counting the ones that have been given to Goodwill over the years. I also have quite a few bags. I love accessories, though. Most of my wardrobe is in solid colors, so great shoes really makes the outfit for me and I love being the gal with the cute shoes.
The other splurge would be Dagoba chocolate. It’s not uncommon for me to have a $15 weekly grocery bill but for almost $9 of that to be 3 bars of Dagoba chocolate!
April 11th, 2008 at 7:44 am
My spouse and I periodically indulge ourselves with a fancy dinner out. It’ll usually be after a particularly stressful week, or for a special occasion. We’ll do everything above board: dressing up, ordering wine and the most decadent entrees, and lingering over dessert and coffee.
We try not to let it get out of hand. It can really take a chunk out of the budget!
Lisa
April 11th, 2008 at 7:47 am
All the post and now nearly 50 comments and not a single mention of sport (apart from Plonkee’s haircuts)!
I couldn’t give up live sport. I love the live experience, although I’ve cut back in recent years. Cost of petrol and football tickets in the UK are ridiculous now unfortunately. I try to counter this by putting away money each month towards future costs that I will incur.
And then there is the stuff that goes with it. I remember a visit to Atlanta (proud Braves fan here) where I didn’t really want to explain to my now wife (then fiancee) that I’d just spent $52 on two baseball caps.
April 11th, 2008 at 7:49 am
We go out to eat once a week and we buy Jimmy Buffett tickets whenever we can.
I also buy high quality computers and electronics. I don’t mind spending $400 for an iPhone if I get a lot of use out of it.
April 11th, 2008 at 7:49 am
Per proportion of our budget, definitely food (which includes beer) and going out to eat at restaurants.
I’m not sure if this would count, but up until a year ago almost our disposable income went towards our house but most of that was necessary repairs and improvements.
If I start thinking about it it doesn’t seem like we are very frugal at all. Basically when my husband and I had little spare money we would simply forgo buying things. We are now at the point we save up and then buy outright usually a more expensive item but one we are hoping brings us the most value over the long term (almost new Honda, high efficiency washer and dryer, energy efficient windows, etc).
Oh yeah, I like gemstones and jewelry, with a self-imposed budget of about 1K a year. No utilitarian purpose, for fun and enjoyment. Sadly or maybe not (in part because of the weak dollar) there are less great deals in gemstones than there used to be, so I am not as tempted to buy gemstones as I used to be.
April 11th, 2008 at 7:50 am
Electronics. I limit to one cool purchase every 6 months. It was a Wii last year. I don’t have any indulgences for the first 6 months this year. I’m already saved up for a 3G iPhone (due summer 08) and a tiny laptop, Asus EeePC 8.9 inch. I’ll get the Eee in the fall.
I’ll speak for my girlfriend too, purses and stuff for her dog. Soon we’ll start the travel thing too.
April 11th, 2008 at 7:57 am
organic food, travel, and good booze. These, in my opinion are some of the things that make life worth living. Really, what are we all working for anyway? There is no point in saving if you aren’t able to enjoy your life.
April 11th, 2008 at 7:59 am
For me and my wife… World of Warcraft.
Totally unnecessary, but we enjoy the time spent playing there as it’s a total getaway from our real world responsibilities.
April 11th, 2008 at 7:59 am
Tony wrote: All the post and now nearly 50 comments and not a single mention of sport (apart from Plonkee’s haircuts)!
Tony, if I lived in the U.K., I’d be all over the football tickets. I was disappointed to have visited in July last year. Next time, I’m going over in September. Or April. I’ll head up to Liverpool so I can catch some action at Goodison Park!
April 11th, 2008 at 8:02 am
I lead a very stressful schedule (full-time work and full-time MBA school), so traveling for me is liberating. Besides, I don’t want to wait until I retire to enjoy life. Here are my upcoming vacations:
Year 2008
May - a week in Orlando, FL
June - 4 days in Las Vegas
November - a week Carribean cruise
Year 2009
A week in Hawaii
A week Carribean cruise
A week European cruise
I’m currently debt free (no car loans, no credit cards, no school loans or any other loans), which is why I’m able to save 30% of my income towards long-term investments for retirement. I’ve also built up on my emergency fund and regular savings. I limit my daily expenses in terms of eating out less and avoiding buying unecessary items. However, I do spend money on buying quality business suits for work and I love photography, so I’m in the process of buying additional lenses for my Nikon SLR D70 camera.
April 11th, 2008 at 8:02 am
My one splurge is the $150 I spend each month for private Cornet lessons. I am sure to practice every day for an hour or more. To me, the relaxation and sense of accomplishment and general enjoyment I take away from this hobby his priceless. I don’t think about work, family problems, or anything, just the music and technique.
April 11th, 2008 at 8:04 am
Camera lenses. OK so this is not a weekly item, but a good Canon L lens is worth saving for and splurging on.
And clothes. Beautiful clothes for work, and comfy clothes for backpacking.
Forgive me father for I have sinned - there ya go, these are my top two splurging areas.
April 11th, 2008 at 8:11 am
Yeah, food — hard to know if organic is a splurge or just the correct rational choice… and yeah, travel-connected: we stay at good, small hotels. I know we won’t spend a lot of time in the room, but I still want a good experience, if not a luxury experience, and my DH likes to stay at places that offer an in-hotel exercise room/area/spa whatever. We almost always do an inexpensive breakfast and lunch but always a great dinner while travelling.
And we do splurge on what we for gifts for our family and friends — somehow spending money on others doesn’t feels good in a way that spending it on ourselves might not… (which spills over into what we buy for each other — we’re likely to give as a gift the purchase the other person won’t buy for him/her self because it would be “too extravagant”)
April 11th, 2008 at 8:16 am
Photography Equipment.
When people meet me and ask: “What do you do?” I tend to reply: “I’m a photographer with a real job.” My real job allows me to afford my existence (all the boring stuff: mortgage, bills, etc.) and my life (all the fun stuff: photography, travel, friends).
Just this week I ordered a new camera backpack for the workshops I attend and the trips out of town to visit friends and interesting places. I’ve needed a backpack for over a year, but I never had the spare cash to spend nor had I done enough research to find the right one.
My motto for camera equipment is “Don’t half-ass anything”. I could have bought a new backpack for $80, but the one that looked like it had all the right features (for me) was $170. I had the money, I knew I wanted it, it would make my photo experiences easier and more enjoyable, so I made the purchase.
Next up: Graduated Neutral Density filters.
April 11th, 2008 at 8:17 am
I splurge on what I would call self-care. I’m a therapist, and although I love my job, it gets rough, sometimes, listening to accounts of incredibly tough experiences. When I’m getting overwhelmed, I don’t mind splurging on a massage, a weekend trip to visit a friend or a fun night out. I consider it a career investment.
April 11th, 2008 at 8:17 am
I agree with all of the above about travel and good food and I do my fair share of that, but my splurge is a really big one.
I am on my third year of buying complete season tickets to my favorite baseball team. Initial cost, about $4600 per year (this is my third year). I buy all 81 games, because it is difficult to get decent tickets in a town where your team is contending for WS. Its really the only way to guarantee that you get post season tickets, because of the lottery system that most teams have instituted. I go to between 30 and 50 games each year. I guess its a passion for me.
I sell most of the tickets, a lot of them well above face value. Last year, including playoff tickets, I resold tickets to the tune of $3100 (thanks to Boston and NY Yankee fans who can’t get tickets to their own ballparks) If we had actually gone to the world series last year, I would have covered my ticket cost in excess of 100%.
And yeah, attending games is expensive, but you CAN bring your own food in, and being a regular has its advantages. Most of the employees know you so you can ask the beer guy to give you a cup so you can go to the water fountain and fill up instead of paying $4 for a bottle of water. My seat partner works downtown and has a parking pass for her garage, so we park there for games and walk the 3 blocks to the ball park, saving some more cash that way.
My seat partner pays for the tickets she uses, so my cost to attend 50 games last year was under $1000, including food (but not counting the occaisonal beer). And that is not counting the money I made on ebay selling Bobbleheads, etc, that I pay nothing for.
But still, its a lot of money.
April 11th, 2008 at 8:19 am
I have a few areas that I splurge on.
First is anything having to do my son’s involvement in Boy Scouts. I’m willing to be super frugal so that he can participate in such things as Summer Camp, High Adventure activities, OA Dance team competitions and Pow Wows, NOAC, and Jamporee when it comes around. I also have him work for part of it, but that’s one area where I don’t even give it a second thought.
Another area is my morning ritual of shaving. I’m a fan of the Merkur DE, so I love the whole badger brush, scuttle, old school shaving soaps and creams and all of that stuff that goes with it. Since I shave both my face and my head daily, I’m willing to splurge for good product.
Third is snowboarding. I can live without the latest style of clothing, and I can ride just about any budget mountain (don’t need fancy resorts), but I will spring for top notch gear.
Final “splurge” area is Anime and manga. I purchase the various series when they get released stateside. I believe in supporting the companies that bring this type of entertainment to the U.S. and want to see the prices eventually come down, thus I don’t do the bittorrent net surfing for episode, I buy them outright.
Other than those areas, I think I do pretty good (LOL!).
April 11th, 2008 at 8:20 am
My friends & family insist that my luxury is what I spend on my dogs. I’ve always had 1 or 2 rescued dogs & they take priority in my life. When I had a job where the hours were cut, I gave up a lot, but my dogs never saw any change in their lifestyle. I can’t imagine life without them. Considering how much they enrich my life & well being, I believe they are a necessity, not a splurge. Dogs rule!
April 11th, 2008 at 8:23 am
Cheese. I splurge on cheese.
A really nice Dorset cheddar at $20 a pound is worth every penny.
Mr. Stupid
April 11th, 2008 at 8:24 am
I wonder if there is a correlation between people that build wealth and stay out of debt and being able pinpoint areas were you are financially “vulnerable”.
It’s easy to lose control and just indulge mindlessly but if you know that your thing is eating out, and you want to do it no-holds-bar, then you can alot a specific amount of money towards that as well as time to get your reward. It seems easier to stay disciplined that way.
April 11th, 2008 at 8:28 am
I’m in graduate school and money is tight. I was stupid early on, so now I’m trying to make amends to my bank accounts. I do mystery shopping to make extra cash. I save half of it and the other half is my spending cash. Most of that goes to getting my nails done. even though it’s my splurge, I still use a coupon.
When I get stressed, I go to the massage school and get a discounted massage. It is almost as good as I would get in the spa (just not paying for the spa) and a lot of time saves me from getting sick when I’m under a lot of stress.
April 11th, 2008 at 8:31 am
I splurge on women and beer.
April 11th, 2008 at 8:32 am
Beer, because I’m sick of drinking the cheap stuff. There is a brewpub basicaly across the street from my house that brews all the alcohol they sell right there on the premises. Its not exactly expensive, but its more than the microbrews I usually get. Totally worth it though. Anybody who says Americans can’t make good beer is flat out wrong.
Oh, and I haven’t done this yet, but I am seriously considering getting my car detailed. That would be a serious splurge because I know intellectually I can clean my car my-damn-self, but I also get the feeling that if I can find the right place, it will be a total spoiling experience. So once I find the place, I’m going to get the most expensive package they offer. Of course, you could consider that not to be a splurge if you consider that getting a 5 year old car detailed may give me a similar feeling of satisfaction as trading in for a new one, and its a fraction of the cost.
April 11th, 2008 at 8:57 am
My main splurge is on good-quality comfortable shoes. I can’t bear having aching feet, and since I spend a lot of time on my feet I insist on comfort and support.
I’ll also indulge in really good coffee, not necessarily big name coffee but GOOD stuff.
April 11th, 2008 at 8:58 am
I buy lottery tickets twice every week. I’m not playing in desperation. My wife and I have fun checking the numbers every wednesday and saturday knowing that we might be instant millionaires. We are going to be millionaires anyway, but a lottery jackpot would speed up the process. Yes, I am very good at math. I understand the odds. But it is a lot of fun to play. Are there any other getrichslowly readers that ‘waste’ their money on lottery tickets?
April 11th, 2008 at 8:59 am
my recent purchases over the past few months..
trips to seattle and NY
40 inch samsung 1080p
playstation 3 with four sports games
iphone
————-
also like eating out on occasions.. normal stuff really =D
April 11th, 2008 at 9:11 am
There are certain things that I feel just cost what they cost, and if I’ve made up my mind to do them, I do them despite the cost. For example, I’m currently having a small tattoo removed by laser. It costs $300 per session for removal and I’ll probably have had 5-6 sessions total when it’s all said and done. But I don’t bat an eye when I go to the dermatologist to have this done, because that’s just the price of undoing a dumb mistake.
I also splurge on travel, but I pay for everything with cash or debit so I don’t have to look at a credit card bill when I get back. And I try not to be cheap when it comes to gifts for people or sharing meals with friends.
April 11th, 2008 at 9:18 am
YARN. I’m a knitter, a fairly obsessive one, and yarn and other knitting supplies are my biggest downfall. I consider it money well spent, though: 400 yards of hand-dyed sock yarn will probably run about twenty bucks or so. At minimum, it’ll be about twenty hours of knitting time, so the entertainment value alone is a dollar an hour (beat that with a stick, Hollywood) — and at the end? I have socks!
Now if I could only knit as fast as I buy…
(Travel’s up there too, but the big danger is that whenever I travel, I check out local yarn stores…) =D
April 11th, 2008 at 9:25 am
Personally, I splurge on vacations, but not the same way that a lot of the people here said. I’m all about seeing stuff. I could care less about the fancy restaurant or souvenirs. I want to see everything in the area I’m at. That usually means tours, excursions, etc. Granted, I will take my wife to 1 fancy dinner and buy the obligatory shot glass for the collection, but that’s it.
The other thing I sort of splurge on is computer equipment. But then again, that’s my job so it’s not quite splurging but I could get by with a cheaper computer than I tend to buy.
April 11th, 2008 at 9:32 am
I would consider myself semi-frugal. I watch my money pretty closely. Besides buying the necessities like books for school, food, gas, insurance I budget via ING Direct for large, future purchases. I try and budget for a wedding, engagement ring, pay off school early, emergency fund, and car repair. But, I do enjoy a few things. I usually spend about 25-30 dollars once a month on a sit-down, restaurant meal at a pizza place. Spending a little more on food is worth it to me. I also spend a little more than I should on books and sports apparel (two pairs running shoes, bags, hydration gear, etc.). Other than that I don’t spend a lot.
April 11th, 2008 at 9:33 am
lately things are too tight to splurge, but when things were better we’d spend bigger for items that lasted longer. before i had to worry too much about the immediate term, i allowed more spending dollars for the quality in the long term.
it’s working out beautifully now that we’re on such a tight budget- because we have no unexpected expenses on these items.
April 11th, 2008 at 9:37 am
The World of Warcraft. It’s an absolutely unnecessary expense of $15/month for my partner and I to have accounts. However, it’s well worth the cost when one considers we’d usually spend $60 on the newest XBox game and spend maybe a week playing it (and that’s assuming it was a decent game - it’s a bit hit or miss). We can spend hours on the weekend playing and enjoying our time together (and sometimes with friends) without spending any money, just virtual gold. It’s cheap and engaging entertainment. And no, we’re not the typical WoW addicts who forget to go outside.
April 11th, 2008 at 9:38 am
A good washing machine. After years of living in rental accommodations, I now have my own place and a European front-loader with a heating element and a 1000 RPM spin cycle. Lo and behold, for the first time since having left Europe nearly 13 years ago, I have clean laundry and no discoloration on the shirt collar.
I have never and will never understand how Americans can overextend themselves like crazy to buy giant homes and monster SUVs, but insist on washing their clothes with a super-cheap $500 dough-hook washer. In Europe, these disappears in the 1950s.
And if I ever remodel the kitchen, I will get a real convection oven with a hidden heating element. Next to washers, my single biggest pet peeve in life is ovens that, as soon as the door is opened to put something in, turn on a glowing-red heating element at the bottom that burns everything inside. Again, this type of oven disappeared in Europe in the early 1970s. Although my (North-American) wife tells me the way to get around this is by turning the oven 75 degrees hotter than actually needed and turning it down as soon as food is put in, I feel a bit like Hugh Jackman in “Kate & Leopold” when he is upset at the toaster despite Meg Ryan telling him that “everybody toasts the bread twice”.
April 11th, 2008 at 9:44 am
A great haircut at the best salon in town! I don’t wear make-up or wear cologne. I live in t-shirts & jeans. I’ve worn the same coat for 12 years and the same pair of red Lands’ End loafers for six years, but I gotta have a good haircut.
The other splurge would have to be food. I love to cook and great ingredients make it a pleasure.
Where I save: restaurant meals, clothing (wear things until they fall apart), driving (use the free community shuttle, walk, or bike), housing (rent a cheap, small house), consumer goods (borrow, substitute, or do without).
April 11th, 2008 at 9:53 am
Cycling. Specifically, recumbents.
I’ll keep the wallet tight for most everything, but don’t hesitate to spend a few hundred here and there on accessories for the bike, or seasonal clothing (moved to Washington a couple years ago, still don’t have enough stuff for winter). Or the cost of travelling to an organized ride or race in the region (entry fees, gas, lodging).
The big splurge right now is being saved for, the Quest velomobile. Right now the exchange rate for the Euro is killing me, but hoping it goes back down by delivery date in January ‘09. But even still, overall purchase will probably be ~$10k. Largest single purchase I’ve ever made (and almost double my used car purchase last year of $5800).
My frequent ’splurge’ though is more because I’m lazy. I eat out WAY too often, and not at snazzy place, just basic food. Probably quite easily over $300/mo eating out. Really should rein that in so I could put that money towards the velomobile purchase.
April 11th, 2008 at 9:53 am
My splurges are good beer, good wine, a really good meal out (not all the time) and travel to see friends and family. Like Plonkee Money, I spend a little extra at the fancy salon 4-5 times a year for a cut and blow dry. I just feel sooo much better and love the pampering when it is all done! Lastly, I’ll do what ever it takes to keep my animals healthy and happy. They are a constant source of joy in my life.
I’ll economize in every other department to enjoy the above.
April 11th, 2008 at 10:05 am
Computer hardware. However, I make my living with the very toys upon which I splurge. Moreover, my one and only child is two years into a full four year university scholarship, and as she has just become and R.A., we don’t even have to pay room and board anymore. So, basically what I’m saying is; Sucks to be some of you but I’m OK.
April 11th, 2008 at 10:06 am
This is a great thread, folks. I love reading all your answers. I really like the comment from my.cold.dead.hands at #62:
I wonder if there is a correlation between people that build wealth and stay out of debt and being able pinpoint areas were you are financially “vulnerable”. It’s easy to lose control and just indulge mindlessly but if you know that your thing is eating out, and you want to do it no-holds-bar, then you can alot a specific amount of money towards that as well as time to get your reward. It seems easier to stay disciplined that way.
It took me a while to understand this. I’m pretty frugal in many areas of my life, but knowing that I can look forward to good food (often with good friends) keeps me going. It’s one of the things that makes the now worthwhile as I’m saving for the future.
April 11th, 2008 at 10:08 am
I spend on tech gadgets. Laptops, cameras, anything and everything. I am working hard to control it, and this year I have been really good - just bought an expensive cell phone nothing else
April 11th, 2008 at 10:14 am
Good kitchen gear. Finally broke down last year and spent serious money on some serious knives, and OMG I could never go back.
As a carpenter, good power tools are always worth the premium price. I lust over the catalogs until have enough saved to make the big big purchases.
April 11th, 2008 at 10:25 am
I just recently got my finances under control, but even before then, my main splurging would be on photography equipment. Why do I have to have expensive hobbies? (it is starting to make me a little money though, which is nice).
April 11th, 2008 at 10:28 am
It seems that everyone on here who has certain splurges can afford to do so, but how do you respond to someone close to you who indulges in splurges (however small) when she really can’t afford to? It’s hard for me to want to judge her, since I also splurge on certain things, but I pay my credit card off each month. Nor am I asking friends and family for financial support like she is. I guess my question is - is everyone entitled to a splurge, even those in the midst of debt? And should I cut her some slack when she has her lawn professionally serviced or has a nice cable package yet still asks me and others to help her pay her bills? I don’t want to be the splurge police but I also have a hard time with the thought that you deserve to splurge even when times are tough.
Oh, and I splurge mostly on my garden. My husband and I both splurge on an expensive cable/DVR HD package.
April 11th, 2008 at 10:28 am
Damn you for introducing me to Filson. I was looking at them thinking, “This is an awesome sweater” and then AHHHHHHHHH, $225?!?!?!
I’ll stick to my hoodies for a bit longer.
I am a recovering electronicsholic. It doesn’t help that I work at a big tech company in Silicon Valley, everyone’s always showing off the latest and greatest. I have found tricky ways around this though. For example, while everyone around me has an iPhone, I got a Motorola F3. The anti-iPhone, the F3 has a 7-Segment E-Ink display, is thin, and doesn’t do much else besides calls, an address book, and display the time. Its low energy usage and simplicity makes me alpha geek in a different way than the iPhone.
I satisfied my gadget impulse on a phone that costs ~$30.
I also did one of those scams where you fill out different offers and get a 42″ tv (can’t find ‘em anymore). It took a long time, but I got my tv for less than $200.
As a counter point to many readers, food and travel are probably the expenses that bother me the most. Spending money on food just kills me, and is my current focus and biggest area for improvement. And I suppose I will spend money *while* travelling, If planned in advance, but I hate spending money getting anywhere. $1000+ dollars to fly to Europe? My motorcycle cost less than that!
April 11th, 2008 at 10:43 am
Jane,
Let me preface this by stating that I am most definitely in debt. One could say that can’t afford my splurges, and in fact, there are many ways that I could cut back further. Fortunately, the debt is coming down, slowly but surely, because I have cut back on so many things — which makes me feel like I can occasionally splurge on a new pair of shoes and some fancier chocolate. And I’ve chosen to splurge on those things because I thoroughly enjoy them.
But, I can’t imagine asking for other people for money right now. I do know that I have a good network of people around me that would take care of me and my husband if something truly devastating happened — but I would never ask them for money while we can still pay the bills by cutting back in other ways. I’d rather that they keep the money for when they — or we — really need it.
Fortunately, all the bills are being paid and my husband and I have enough in savings that we could pay the bills, including credit card minimums, for a few months if something happened (though we’d have to give up a lot of things, to be sure). We have the start of a retirement account, and he has life insurance. That’s why feel comfortable splurging on some things.
I wonder, though, how much the lady you mention really truly enjoys/appreciates the lawn service and cable. If she had to give them up, perhaps she’d find more enjoyment in cheaper things. And if she isn’t able to take care of her own lawn, then that is a pretty sticky situation and perhaps she should ask for someone to help her with that instead of just asking for money — or perhaps it is time to move.
April 11th, 2008 at 10:43 am
More food and travel, but there’s still the dollar-wise angle. We went to Paris for Thanksgiving this year, even with the exchange rate. In a way, this was crazy,
However, we rented an apartment in the Marais District for what turned out to be about $100/night. We flew back the day after the Sunday after Thanksgiving, when domestic airports are comparatively empty after the big day on Sunday.
We spent 13 days in Poland last year, and have also been to Nova Scotia, Prague, and London in recent years.
At home, we buy organic produce, have a weekly subscription to a local organic farm (this may actually turn out to be a HEDGE against rising food prices as we prepaid for the summer!) and we drink GOOD beer or we don’t drink it at all.
April 11th, 2008 at 10:50 am
My girlfriend and I always splurge on food. A Whole Foods recently opened in our neighborhood, and we do spend some $$ there! (easy to do at “Whole Paycheck”).
Why? After all I’ve learned about food the past few years (e.g. “Fast Food Nation”), I think the extra money spent on quality food is worth it. So no, I don’t eat expensive meats everyday (or at all, really), but there is no substitute for good fruits, veggies, breads, cheeses, and wines!
Also, Ebay has helped me in my “hobby” spending. I payed wholesale for 2 new guitars this past year through daily searches and making offers. Totally avoided the chain retail money pits!
Why? These guitars will be with me for 25+ years.
As said before, by quality and by less frequently!
April 11th, 2008 at 11:00 am
Live music. I lead a modest lifestyle so that I can go see my favorite artists whenever they stop by my part of the world - especially since it means breaking out the ol’ passport every now and then. The ability to start making my travel plans the moment a show is announced without having to worry about money is something that I prize way above the latest designer whatnots. Makes me feel rich, even!
When I’m traveling, I’m willing to spend a little extra for comfortable accommodation in a safe part of town. Guess you could say that I splurge on safety and a good night’s sleep.
April 11th, 2008 at 11:04 am
Troy- it’s not a bad idea to play the lottery! In my statistics class we have studied the lottery and there are a few misconceptions that people tend to believe in. The “Law of large numbers” favors you. I’ve also started to play the lottery once or twice a week. If $2 bucks doesn’t hurt your pocket, it’s ok!
I don’t necessarily splurge on anything because I feel I live a balance life that allows me to enjoy my money as well as secure a financial future, but then again I’m in college so my life isn’t that complicated….
April 11th, 2008 at 11:11 am
I splurge on the inner city kid I mentor. There’s nothing more satisfying than to buy new books for someone who actually needs them. I also splurge on my 82 year old mom - She’s a bit of a clotheshorse and it’s fun to help her with her madness - who knew one could look 60 if they just tried hard enough!
April 11th, 2008 at 11:11 am
Good haircuts, my hobbies (which includes some reasonably expensive evening classes) and good cheese. All completely worth it.
April 11th, 2008 at 11:12 am
My husband and I spend about 20% of our income on food (shopping, eating out, etc), which I consider well worth it.
Turns out we spent about the same last year (20%) on healthcare costs too (premiums, OOP, etc.). I guess that counts as a splurge since we have a PPO so that we don’t have to wait for a referral to get a specialist, and we can go anywhere for treatment. Over the 12 years I’ve had the coverage, we’ve about broken even on coverage v. payouts.
April 11th, 2008 at 11:29 am
I splurge on clothes and skin products. I always believe in the phrase, “Dress for Success”. People will judge you by the way you look. In the office, I am more productive when I feel more upbeat. At bars and restaurants, I normally get better service (and most times, free drinks/dessert) when I dress better. In the long run, good quality clothes will last much longer than the cheaper version. Of course, you can always save a bit money on quality clothes during sales.
April 11th, 2008 at 11:49 am
Wow, most of our splurges are echoed by others. Travel is the first - we did a 9 month trip around the world last year. It cost a lot, even going “budget”, but we saved for it ahead of time so no debt was needed.
We don’t eat out but I rarely budget at the grocery store. Eating at home saves enough so we can buy good quality ingredients.
We get digital cable with a sports package so my husband can watch all the English Premier games (definitely worth it)
I am in total agreement about good beer! We discovered a beer shop that has almost all the foreign beers we drank on our trip and we love to splurge on the good stuff. Belgian beer can’t be beat but it is not cheap.
I want to soon add myself to the photography splurgers. Like Lisa, I have had my eye on a digital Canon Rebel for a few months. Luckily I can pick up a few extra shifts at the hospital to pay for it. It makes it fun to work when I know it will go to a splurge!
April 11th, 2008 at 11:52 am
Food and cooking equipment. We enjoy cooking, so we get the right equipment for the job (not the most expensive, but the right stuff). I buy organic and local when I can.
Family adventures. We only spend $$ where it matters, though. We’ll stay in our popup camper, and then spring for multi-day passes to an amazing aquarium nearby, so that the kids will get to see the whole thing (4 & 6 yos are not good for more than a few hours in a place like that). We’ll buy groceries and picnic for most breakfasts, lunches, and suppers, then have an amazing and pricey dinner together. We joined the local zoo and museums so that we can drop by whenever we feel like it, but we don’t usually buy the kids souvenirs or toys (they can spend their allowance!), and we bring our own snacks.
Live performances, doing and attending, theater and music (and hockey). We subscribe to series to get discounts and allow us to exchange tickets when our schedules change. If we aren’t impressed, we move on.
Music performance. We spend money on music lessons for ourselves and the kids, on instruments and sheet music and recordings.
April 11th, 2008 at 12:13 pm
I splurge on yarn. I love to knit and I like to use high quality yarn. The majority of my stuff ends up being presents, so in reality I am actually saving money because I am making the gift myself and they all have the wow factor.
April 11th, 2008 at 12:15 pm
I splurge on quality shoes for my daughter (and soon to be for her sister as well). I’ll pay full price if necessary to get shoes that won’t give her blisters, aren’t uncomfortable, and could quite possibly be passed down because the quality means they’ll last.
I like quality clothes for the kids for the same reason, but I refuse to buy them at full price, instead stalking ebay and thrift stores for good finds.
Actually, (and I’m not sure this is splurging so much as wise investing), we tend to buy top quality items when we can afford them as opposed to shelling out half the cash to have a half-quality item for half the money. We have a wonderful front loading wash machine that does a far better job than a top loader. When we needed a machine, we could have easily spent only $400-$500 and gotten a functional machine, but decided to invest in this one. The result? Cleaner clothes with less wear, Less water used, more efficient use of time as it takes less to do laundry.
Same goes for most of our major purchases.
Other than that, we’re not terribly different than most of the commenters above: food and wine/beer. I’ll splurge on good food, my husband on good beer, and the both of us on good wine.
Considering our budget is tight but working well for us, I don’t feel a smidgen guilty about indulging in the things that make us enjoy life a bit more knowing that we can afford to do so when we’re careful.
April 11th, 2008 at 12:31 pm
Video games are my splurge. I currently own a Wii, and Xbox 360, a PSP, and a gaming PC that I built from scratch and regularly upgrade. I budget about $40/month to spend on games, plus an additional $16/month to maintain a Gamefly subscription.
Even though, I budget a fair amount of money for games, that doesn’t mean I just completely blow my money on them. Very rarely do a I buy a game for full launch price. I hunt for bargains, and rent games cheaply, and sell games that I won’t be playing anymore.
April 11th, 2008 at 12:37 pm
I splurge on music. I am a big music fan and I like all types of music. I used to spend alot of money on CDs but thanks to my Ipod, I now spend money downloading music from Itunes.