Tag Archives: luxury purchases

10 Ways to Spend Fun Money

One of the most important keys to having a budget work is to have money set aside for frivolous spending. The amount varies depending on your budget and how tight you are, but that money is a key in helping you stay on budget. It can save you from going crazy and spending even though you do not have money to. You can spend hours thinking about ways to spend the money and decide the best way each month or you can save it for a few months and get a large ticket item. This is money you don’t have … Continue reading →

Should I Splurge?

Are there times when you should go ahead and splurge? Do you need to live your entire life on a budget, buying inexpensive items? When is it okay to spend a little extra, and when should you not? If you have been intent on saving money and getting out of debt, it may be difficult to let yourself spend a little extra money. Here are four questions to ask yourself. 1) Can you pay cash for the item? If you answered yes, then you should be fine purchasing the splurge or upgrading your purchase. If you answered no, then you … Continue reading →

Advanced Tips: An Income And Free Luxuries

If you have been practicing a frugal lifestyle for a while, you probably know all about the basics of saving money. You cut coupons, turn off your lights, shop at yard sales, etc. But if you want to take it to the next level you will need some advanced tips. Here is some advice on getting some of those free luxuries that you may be spending too much for now, or even doing without, all while earning an income. There are many easy part-time jobs that you can do that have perks for the employees. And by taking advantage of … Continue reading →

Scaling Back Your Spending

One of the more difficult things to do when you are budgeting is finding areas to scale back on. While a stranger may be able to look at your budget and easily say to cut unnecessary expenses. You may feel that those expenses are necessary for your life. It helps if you can step back and put things in perspective. Also the situation you are currently in can really affect how much you need to cut out completely. If you are in a large amount of debt, and have trouble meeting the payments and buying groceries, you are in a … Continue reading →

Financial Pitfalls: Necessities vs Luxuries

One common money mistake is to confuse necessities with luxuries. Often people grew up with these items, and cannot seem to fathom life without them. Even though they struggle with paying the monthly bills, they do not think of cutting back on the luxuries, because they mistake them for necessities. Others may think that the bill isn’t that big, so it really doesn’t matter. It is surprising how much the little things add up. Here are five common luxuries that many people consider necessities. 1) The most common luxury that people seem unable to part with is cable or satellite … Continue reading →

Luxury Items

If you are on a tight budget, or you otherwise cannot justify making certain luxury purchases, there are ways to incorporate certain luxuries into your lifestyle without blowing the budget or feeling guilty. One great way to do so is to buy joint gifts. If everyone in your family wants a flat screen TV, why not make it a family Christmas present? Cut back on other smaller, individual gifts to make the larger purchase. A dishwasher might be another luxury item that would make life easier for the entire family. Even the kids will appreciate it when they can go … Continue reading →