3.04.2011

Splurge is the Word

Good morning and HAPPY FRIDAY!!!!

I enjoy reading LearnVest.com for financial advice, tips, articles and financial "bootcamps". It's a great resource of a financial website, mainly geared towards working women which is always a plus for us women!

They took a survey from LearnVest readers about Money Mistakes and Biggest Splurges - it was nice reading and learning that everyone else is human, spending and splurging regularly.

In the survey 2 out of 3 readers said "Money isn't everything". If I was to answer, I'm not sure what I would say. To me, yes money isn't everything, but it's more of a ticket to "freedom", where freedom means being able to live your life the way you want to. If you don't want to work, you don't have to. On the other hand, money isn't everything because family, friends, love, and time are all equally important and I would be just as happy without money if I just had my family's support.

1 out of 4 readers said "Money can't buy me love" and THAT truly is a statement I can wholeheartedly agree with. The BF and I met in college and he was supporting himself entirely. We had to come up with lots of ideas for dates and he did a fantastic job! He would take me hiking, go running at the track and the beach, visit various caves and other landmarks, cook me dinner, host BBQs, and other creative ideas. After he graduated, he couldn't find a job for a year and I unconditionally supported him when everyone else doubted him.


There was another part of the survey that asked if you were a saver or a spender. Out of the 4 categories, I would say I am in the top 46% that say they are good savers and know what goes in and out. I still can't believe 16% answered "wonder where it all went". I would think that readers reading this website would have garnered some rather awesome tips and became motivated to take control of their finances. I also thought that more than 6% would be HUGE savers.

Next up - my favorite topic. Favorite splurges! I resonate with the top 3 answers of travel, car or home and designer wares. Traveling brings fond memories that you'll never forget, a car or home is basically essential in my life, and I appreciate the quality of any designer wares - to me it would be bags and shoes over clothes. I might also have to add my smartphone with unlimited minutes, data and texts - I realize I spend over $800 a year on my phone bill alone but I wouldn't give it up for anything, it's my life!

When I read the story about a reader spending $4k in 4 days to save her dying puppy I wanted to cry,  because I would absolutely do the same for my dog if I were in that situation and if I had the money to try to save him.


What are your top 3 splurges? Is there a splurge you'll never forget?

6 comments:

My money, my life said...Best Blogger Tips[Reply to comment]Best Blogger Templates

1) my education. 75k in tuition, 70k in living expenses, double that in opportunity costs.

2) my braces. 7k. totally superficial, totally worth it. Being self conscious about crooked teeth did a number on my self confidance. now my teeth aren't perfect, but they are not a hindrance at social interactions anymore.

3) travels. I do everything on the cheap and haven't spent more than 1k per week on average. This is one splurge I hope to do more of.

one splurge I totally regret: the mountains of disposalble fasion from places like Aldo and H&M. 40 bucks here and there really add up... to a big pile of nothing worth having!

Money Pincher said...Best Blogger Tips[Reply to comment]Best Blogger Templates

I'd like to say education, but I had great parents who put me through (although I did give 80% if not more of what I earned during my university years to them)..... so I came out with no student debts

My top 3 splurges that I paid myself are:

1) My car: $20K (still paying it off) I can't live without it! I love my car.. I spend so much time driving, I wanted to be in something comfortable

2) My piano: $7K I love to play it and I use it to teach so it brings in some extra income :)

3) My car accident... it's not a splurge.. I just rear ended someone and caused $5K in damages which I paid out of my own pockets so my insurance premiums does not shoot up like fireworks

Blonde Ambitions said...Best Blogger Tips[Reply to comment]Best Blogger Templates

1) My education - 4 years at a private university. I had a full-ride at another school but gave it up after a year because I was MISERABLE. Looking back, it wasn't a wise financial decision, but definitely the best life choice I've ever made. I ended up getting a fabulous internship out of the switch, at a company I'm still working for more than a decade later. Of course, I also met my husband at work, which is the biggest benefit. :-)
2) My kids! I paid for very expensive daycare when they were babies (at one point we were paying just under $50K/year for both of our kids)& we moved to a great neighborhood for the schools.
3) My Louboutins. Yum. :-)

K said...Best Blogger Tips[Reply to comment]Best Blogger Templates

My divorce ;) We were going to do everything without a lawyer because they cost so much but I changed my mind. My lawyer was the best $5000 I ever spent because she was able to guarantee that we split everything fairly.

Dark Angel said...Best Blogger Tips[Reply to comment]Best Blogger Templates

I bought my education, I bought my house, I bought my car, I bought a Cartier LOVE bracelet for myself, and this August I am most likely going to buy my future fiance a LOVE bracelet as an engagement gift, and he is buying me one, whoop whoop!
That is it for major spending.

shoppingtosaving said...Best Blogger Tips[Reply to comment]Best Blogger Templates

Great responses everyone!!

K - I had to laugh at the divorce as being your best splurge, that makes perfect sense!

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