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You were having a great time in the mall just window shopping and looking around. Then suddenly you stop. You saw this item you have wanted to own all along. However, the frugal in you is hindering you to make that purchase. Your head is battling between needs and wants. Even more, you keep asking yourself if you have the money to buy it.
Trust me when I say, been there done that! If you are on a diet, there’s a cheat day where you can eat all the carbs you want. In personal finance, you too can also have that cheat day where you can buy whatever you want. Splurging is not bad after all if done right. For one, this can affect your happiness index. Of course there are items that can make us happy. And splurging and enjoying it can actually help us be on track with our budgeting goals. Hence, if you are in the mood to splurge hold your horses first and read on how to be wise in doing so.