If you spend a lot of money on things you want now, you’re probably a lot happier than people who resist the urge and save their money for an unnamed future purchase – at least according to a study released by professors at Columbia and Harvard.
They say a few days of guilt is nothing compared to the people who’ve bypassed Fendi for years only to feel like they’ve missed out on life.
In this story in the London Times (which we think might have been sponsored by luxury brands begging shoppers back), the author talks about splurging on expensive non-necessities like it’s therapy, but speaking from experience it’s more like a sugar high.
We can justify just about anything, but in ten years will the abundance of shoes in our closet make us feel like we’ve lived life to the fullest or make us wish they’d turn into an apartment? Maybe not worth worrying about right now, but we’d like to hear the professors on the other side of this argument.
Which makes you feel better, splurging on that Chanel bag you saw Kate Moss carrying or seeing more than $7 in your savings account?
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There have been several times, still very vivid in my mind, where I have wanted to purchase something that I saw and immediately loved but ended up advising myself it was better to be frugal. Those items that I later scoured the internet and clearance stores for still haunt me! Louboutins (the only ones left happened to be my size) on sale for $200 that would still look classic years later, an Anthropologie brand coat that isn’t carried with any other retailer, a Dries Van Noten dress half off…etc. I still regret not splurging!! But the payoff happens when I happen to find what I want eventually, and for much cheaper on Ebay… but if I could even find those exact Loubs in my size now there’s no way they’d be that cheap!
There have been several times, still very vivid in my mind, where I have wanted to purchase something that I saw and immediately loved but ended up advising myself it was better to be frugal. Those items that I later scoured the internet and clearance stores for still haunt me! Louboutins (the only ones left happened to be my size) on sale for $200 that would still look classic years later, an Anthropologie brand coat that isn’t carried with any other retailer, a Dries Van Noten dress half off…etc. I still regret not splurging!! But the payoff happens when I happen to find what I want eventually, and for much cheaper on Ebay… but if I could even find those exact Loubs in my size now there’s no way they’d be that cheap!
There have been several times, still very vivid in my mind, where I have wanted to purchase something that I saw and immediately loved but ended up advising myself it was better to be frugal. Those items that I later scoured the internet and clearance stores for still haunt me! Louboutins (the only ones left happened to be my size) on sale for $200 that would still look classic years later, an Anthropologie brand coat that isn’t carried with any other retailer, a Dries Van Noten dress half off…etc. I still regret not splurging!! But the payoff happens when I happen to find what I want eventually, and for much cheaper on Ebay… but if I could even find those exact Loubs in my size now there’s no way they’d be that cheap!
This is interesting. I actually have found that I appreciate “splurges” more if I've thought them through more … I usually need to sleep on an idea at least overnight and if I'm still in love with whatever it is I'll go buy it — whenever I do that I find that I really love the item forever, rather than getting sick of it quickly. I went through an (expensive) phase where I bought whatever I wanted and I found I just didn't appreciate any of it as much as I do when I've really considered a purchase and saved for it. Plus, life happens in the meantime and it's expensive so it's nice to have cash on hand for a rainy day.