Do You Scrimp or Splurge?
With the holidays a few months away, you are at a dilemma on what to scrimp and what to splurge on. It is so tempting to purchase a lot of those wonderful things on display that seem to be “calling your name.”
Scrimping and splurging habits are not limited to the holiday season though. Proper planning of daily expenditures, major or minor, can help you stretch your budget and manage your finances well.
Scrimping? Why not? Scrimping helps you make do with what you have and enable you to save for the days ahead when you might need extra cash for something important. It is imperative though to know whether you are doing it right when it comes to scrimping.
Splurging? Why not? You work hard and you tell yourself that you deserve only the best that your earnings can buy. It is reasonable to splurge on things that will give you utmost enjoyment and satisfaction, right?
(As for me, because I need to get as new pair of eyeglasses, I won’t scrimp on my purchase so I will look for great eyeglasses here.)
The following are some factors to consider in deciding whether to scrimp or splurge:
