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Making Financially Responsible Splurges
5 Questions to Ask Yourself Before Handing Over the Dough
If you’ve ever been on a diet before, you know that giving up all the foods you love just isn’t sustainable. If you deprive yourself of chocolate for a month—your favorite food on earth—you may wind up eating half a chocolate cake one lonely Friday night at 3am (Note: this may or may not be from real life experience). The same is true with money. If you deprive yourself of all the things you love in the interest of saving, you may pay a hefty emotional toll that has deeper consequences. Sometimes a little financial “splurge” is just what you need to keep your financial health on track. But if you are going to splurge you’ll want to make sure it’s not the 3am cake-eating kind—here are 5 questions to ask yourself to determine whether your splurge is financially responsible or just not worth it.