It is OK to Splurge when chasing Financial Independence

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10 Responses

  1. Great post! I think its important for members of the community to see that other are achieving their financial goals without giving up everything in life.

    My splurges are definitely Mexican food and my woodworking hobby. Luckily I’ve built up enough tools and material at this point that I can probably go years now without buying much of anything new. Mexican food on the other hand…

    • Miss Balance says:

      Yum! I really enjoy Mexican food too 🙂

      Woodworking is a great hobby, something both of my grandfather’s did for years. Once you are set up with the basics it really does become a frugal endeavour, and one that easily transitions into side hustle if you are so inclined.

  2. pia says:

    I’m the same as you. We love food, will splurge for a good degustation at a restaurant or chef that we admire. But as long as it’s not something you do every day, I think that’s perfectly okay!

  3. My splurges are on growing my knowledge. Similar to what others say with books. I signed up for a conference later this month and an online course that combined cost me almost a decent amount of money. But I think with these things I will get the ROI on making me a better blogger and writer.

  4. Mrs. ETT says:

    Really good article, Miss B. There are some in the PF community who reach for FIRE with their whole being. That’s one way to do FIRE, but it isn’t the only way, which is why this post is so important. It shows that the journey to FI is accessible to most, and you can do it how it suits you. We’re only human, after all!

    • Miss Balance says:

      Absolutely, thanks for your comment. I want people to feel as if it is something they can achieve and not totally out of reach. It is ok for everyone to take a slightly different path.

  5. Travel and food and concerts. One is not enough! We do sacrifice a lot to reach our financial goals but we also like to enjoy life. Misers are not the people we want to be. We still have our limits (we don’t make it rain, but sometimes I think that will be cool haha!) But we’ve learned to set our priorities. We cut on expenses that don’t add value to our lives and spend on things and people that matter to us. Great post, Miss B!

    • Miss Balance says:

      Absolutely! it is all about priorities and choosing what adds value to our lives. For me I can save money on fancy cars, fashion and makeup and spend it on travel and good food.

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