Her Dinero Matters

Splurging or Saving? Five Guiding Questions to Help You Make Better Spending Decisions| HDM 404


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Splurging or saving? That is the question. And if you have a financial goal that requires you to save big and consistently, you probably know firsthand how stressful and frustrating spending decisions can feel. You see an item that catches your eye big time and, while former you would have proceeded to buy it without any additional thoughts, the new you is running a full forecasting projection the minute you gaze upon the price tag. If this scenario sounds familiar, you’re in good company! In this week’s episode, I’ll share with you a set of guiding questions that will help you navigate the delicate art of figuring out when it’s better to save and when it’s safe to splurge.


No adult life is fully complete without a full set of (deceptively) crucial decisions. Whole wheat or white bread? Cats or dogs? A relaxing staycation or an adventurous one-week vacation? Green juice or salad? All of these will give you a few guaranteed harsh minutes.


However, when it comes to deceptively simple decisions, saying yay or nay to a specific purchase stands in its own category… especially when you’re committed to reducing your spending to the minimum (hello, Great Financial Goals!). What’s more, this mini-mental ordeal becomes even more challenging when you perceive said expense as something with the potential to transform your life (think high-end organic foods, hot and in-demand kitchen appliances, or home & garden items that just feel right).


If you are on a tight spending budget, but also feel compelled to just go and get that item now, the framework I will share in today’s episode might be just what you need. From navigating the complicated emotions that arise when spending decisions show their bizarre face, to actually understanding the thinking that takes place the minute you see that lush patio furniture, this episode has it all!

In this episode you will learn: 

  • The I-Needed-This-Yesterday mentality sometimes plays tricks on you, and here’s why.
  • Why the road to Big Financial Goals is not always paved with sacrifices.
  • The five questions you need to ask yourself before making that spending decision.

For a quick recap of this episode go to https://www.jenhemphill.com/404


The post, Splurging or Saving? Five Guiding Questions to Help You Make Better Spending Decisions| HDM 404

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Her Dinero MattersBy Jen Hemphill

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