Igniting Your Desire to Splurge Until It Disintegrates

by David@MoneyNing.com · 10 comments

Moving can sometimes be a sad ritual as you throw, throw and throw more junk away, only to realize that you actually paid good money accumulating “them”.

Let’s face it. Most of us have a little special something we like to spend money on. Whether it’s cars, HDTVs, luxury vacations, hand bags, shoes or even ice cream, we simply identify the following equation as fact.

Stuff We Love > Price We Pay

Lately, I’m starting to come around on splurging. I used to think that it’s not okay to spend money on non-essentials, but I don’t feel that spending a few bucks to make me happy is all that bad anymore. More truthfully, I am not afraid of buying anymore. After all, we work hard to earn money just so we can spend it. I think spending is okay if:

  • You know what the consequences are.
  • You have logically thought about it, as opposed to being pushed by emotions.
  • Owning it actually makes your life better and/or you happier, even if it’s temporary.

But what if you thought about it, know that it’s useless but still can’t seem to control your desires? Here’s what you should do.

Buy it.

Yes, that’s right. But after you do, leave it out in a visible place in your house even after you are done with it. Some examples…

  • Don’t put away those shoes in the depths of your closet. Stack them neatly in your shoe racks so you see them every time you need a pair of shoes.
  • Don’t throw away your magazines and comic books once you are done and don’t put them in a box tucked in the corner of your storage, organize them in your room’s bookshelf. Once they overflow, start stacking them all over (hopefully neatly).
  • Keep the boxes of the electronics that you bought and put them in your closet so you can see them every day.

You see. Part of the problem with spending is that we never truly see the consequences of our actions until it’s too late. It’s only a couple dollars to buy a cup of coffee, but if someone will give us $100,000 dollars to never have Starbucks again, it will make us think twice before taking another sip. This is because in the latter case, we clearly see the long term results of our immediate actions.

Along the same lines, once you start seeing how much you are starting to accumulate daily, you will understand just how much money you’ve spent on whatever you’ve been buying. Instead of just having an idea of how much you waste, you will eventually know. Some time after you know, you will start to feel it in your gut. It’s like a light bulb that turns on, because only then will you be able to decide whether you should keep buying or not.

Practicing this will be cumbersome and it will never stop you from buying something now. But, it will give you a choice in the future.

I moved, and we threw and gave SO MUCH away. Perhaps more appropriately put, I just had a date with the trash collector.

Editor's Note: Did you know about the service called $5 meal plans? For $5 a month, they send you recipes of delicious, healthy, yet cheap food that costs just $5 a meal.

Several of my friends signed up and they are able to eat at home more because the instructions are easy to follow, making everything convenient. The deal also comes with grocery shopping lists, which saves them so much time. Check it out yourself by clicking here and you too may be able to save more and become healthier at the same time.

Money Saving Tip: An incredibly effective way to save more is to reduce your monthly Internet and TV costs. Click here for the current Verizon FiOS promotion codes and promos to see if you can save more money every month from now on.

{ read the comments below or add one }

  • Wilson Pon says:

    In the past, I mostly bought those things that I didn’t necessary needed. In this case, most of the stuffs ended piling up in the store room. I learnt from the mistake and I’m now very careful of what I’m going to spend with…

  • In the Money says:

    It just makes more sense to me to actually think about the purchase beforehand and restrain myself if the purchase is really useless. Sometimes I like to splurge, but only on things that I know I will use. Still, I guess this concept works for those who struggle with seeing how much crap they actually buy.

  • John DeFlumeri Jr says:

    Advertising , merchandising, proper display, the word “sale” can cause us to impulse buy.

  • kenyantykoon says:

    i am trying very hard to get a hold on spending on things that i dont even need .the method that i am using is not to go to those online stores at all. this i decided yesterday after visiting the apple store. i saw the macbook pro and i cannot seem to get it of my mind, its after a long struggle that i did not hit the buy button- not to mention that the laptop costs like $3000 but the presentation was so nice-(those apple people can really impress).its a good thing that i didnt buy it as i still have another very reliable computer

  • Robert says:

    Burn the credit card. A good idea?

    • MoneyNing says:

      No, it’s not a good idea at all. If you really can’t control your spending with a credit card, then just cut it up. There is no need to burn it.

  • Sally says:

    Now, if someone will really give me that much money NOT to have a cup of Starbucks. It’s a good idea to have a more pronounce reward and punishment system so you clearly see the benefits of saving and the havoc of spending.

  • Kelly says:

    LOL. I do this too. Love the post.

  • Jodi says:

    That’s funny. I actually do this to an extent. At some point, it annoys me so much that I start buying less. It’s a little weird but it works.

    I like the way you think 🙂

  • Financial Samurai says:

    I love to buy, bask in the glory of it, and return before the return policy runs out. By then, I no longer desire, and am so happy when my CC balance goes down by that amount. “Controlling The Urge To Splurge”.

Leave a Comment