Optimal Finance Daily - Financial Independence and Money Advice 3315: Control The Urge To Splurge: How To Save More Money by Sam of Financial Samurai on Smart Money Habits
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Oct 12, 2025 Explore the psychology behind overspending and the emotional triggers that lead to impulse buying. Discover how resisting splurges can promote financial freedom and enhance long-term satisfaction. Sam shares personal anecdotes, including the pitfalls of returning items and living within reasonable limits. Learn to calculate the true cost of purchases, prioritize financial goals over temporary pleasures, and embrace a minimalist approach to achieve lasting happiness. It's all about finding joy in experiences rather than material things.
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The Loafers That Broke The Return Rule
- Sam bought $435 Tod's loafers at Barney's intending to return them but kept them because they were comfortable.
- He admits he failed to control the urge to splurge despite earlier intentions to avoid expensive shoes.
Use Return Windows Strategically
- Enjoy a purchase temporarily only if there's a clear return policy and you plan to return one day before the deadline.
- Never miss the return deadline because you'll likely forget or face store resistance.
Euphoria Is Brief, Dread Lingers
- Splurge euphoria peaks right after purchase and fades quickly, especially when using credit.
- The thrill diminishes while bill-related dread grows as payment time approaches.