Today we are all about spending money here at Luke1428. I know that’s quite a departure from what you might expect from a website devoted to guiding people towards financial freedom. Practicing frugality with our budget will help us pay off debt and create wealth over the long-term. However, are there times when it’s OK to splurge, to spend more money on an item than we otherwise could?
From my own experience I know there are times when expenses need to be slashed in order to make the budget work. Doing so means great sacrifice, usually at the cost of us missing out on certain things we would enjoy. Although I’m conscientious about our spending plan, I’ve come to realize over the years, through trial and error, that there are certain purchases I absolutely won’t skimp on.
“Skimp on.” That’s a funny phrase. When used as a financial term, it basically means to cut back, to economize on or to be stingy with. In other words, spend less than we could in a given circumstance. I’m a “skimper” in many situations, just not on these five items.
Ever had one of those moments when you felt something was so obviously correct that it made you a little nervous that you were missing something? In those situations, I usually talk myself out of saying anything because I’m afraid of looking ridiculous if I’m wrong. Hey, what can I say? My personality naturally shies me away from conflict. But not this past weekend when I forced myself to speak up at the checkout register at a local eatery.
