Having a financial budget is like maintaining a healthy diet, and just like having a cheat day for your diet, once in a while, you will have the occasional urge to splurge. In fact, studies have shown that depriving yourself of these urges could do you more harm than good in the long run. But how do you splurge without breaking your budget?
When people think of a budget, they sometimes think of extreme discipline and financial sacrifices that leave no room for any excess spending. But truth be told, life is not always about saving money. Sometimes it is okay to treat yourself and splurge on something once in a while.
However, you should not blow your entire savings away on a single purchase. So, how can you make your splurges count and align it with your long term financial plans? Here are a few handy tips.