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budget

8 Rules to When You Should Splurge and When You Should Skimp

This is a follow-up post to my oldie but goldie Masterpost: How to save money in Malaysia article.

Many people try a variety of methods to save money, with varying results. But what they don’t realise is: while every little bit counts, a big splurge can easily offset those savings. It’s easy to make a big splurge if you’ve been skimping – your head justifies “I’m already saving money via X, Y and Z. I can afford to make this more-expensive-than-average purchase”.

There are a few rules of thumbs when it comes to where to splurge and where to skimp.  It’s a very individual decision, everyone values different things. Here are some of the ‘rules’.

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