Are you in a constant battle with yourself over what items you should splurge on in life and which ones you should really shop around and get a deal on? If so, consider yourself among the masses, as most people will struggle with this question at least a few times in life. Whether you’re on a tight budget or not, learning how to distinguish where to spend money and where to save is a valuable life lesson worth learning.
In order to help you out, we’ve gone ahead and created a list of items that are worth splurging on in life and those where it makes sense to hold and look for potential savings.
Best items to splurge on
The question of where to splurge in life is always a fun one, as who doesn’t love pampering themselves and going all out? With that said, it’s also good to show some restraint and make sure your splurges are truly worth it.
- Your dream holiday – sure it’s not going to be something you can afford on a yearly basis, but even if it’s just one dream holiday, often it’s well worth it.
- Luxury sheets are also another great area to spend extra money. Think about how important sleep is to your daily life, so if some comfortable sheets can help you sleep better – why not?
- A fabulous coffee machine also tends to top the list, as a lot of people rely on a great cup of coffee to get their day off to the right start. Now, obviously your idea of the “perfect” machine will differ from the next person, so be specific in your requirements.
- Outerwear should also top the list, as it not only keeps you warm and dry, but also makes you feel stylish and confident. This means a great fitting jacket and footwear that you can wear all season long. Likely this means you’ll need a few different sets since the UK enjoys four distinct seasons.
- Signature scent – perfume or cologne. While it’s not necessary to have a huge collection of cologne or perfume, it’s nice to have that one special signature scent that you can wear on special occasions.
Tap the Brakes and Look for Savings
Now that we’ve gone over all the areas that are worth splurging on, it’s time to look at areas you can afford to demand savings in.
- A great place to start is with your monthly expenses. Take car insurance as a great example. Anyone who owns a car needs car insurance, but that doesn’t mean you shouldn’t shop around. Quotezone is a company that helps people find very cheap car insurance by enabling them to compare quotes from over 100 UK insurance providers. All you have to do is fill in a form, and you’ll be given a selection of quotes to compare, increasing your odds of finding a much cheaper insurance deal than the renewal price your existing provider is offering.
- High-tech kitchen gadgets that are extremely specific. A great example is a fancy waffle press. Unless you plan on making fresh waffles each and every morning, it’s likely you don’t need it.
- High-end matching luggage. The problem is that most airlines end up putting your luggage through the ringer, so why invest in over-priced pieces?
- A fancy expensive car. Let’s face it, it’s nice to drive a fancy new vehicle, but all cars have a lifespan regardless of what you spend. In most cases, the sound investment is to go with a middle-of-the-road model.
Feeling Confident in Your Purchases
By following these tips, you’ll likely feel a whole lot more confident when it comes to splurging or saving.
What do you feel are the best items to splurge on in life?