‘I really don’t spend much money, and when I do I bargain shop’: I want an extravagant $1000 gaming monitor but feel guilty. How can I justify this splurge?

Hi Money Minder,

So, here’s the deal. I have a job that pays the bills, living at home saves me money on rent, and my only expenses are student loans and a gym membership. I spotted this sick gaming monitor on sale for $1000 and I really want it. I can totally afford it without breaking the bank or going broke. But, I’m feeling kinda guilty about splurging on something that’s not a necessity, you know?

I’m usually pretty frugal with my cash and I love a good bargain. But this monitor is calling my name and I can’t stop thinking about it. Am I being too uptight about this? Should I just go for it and treat myself?

TLDR; Want a $1000 gaming monitor, feeling guilty about spending the money, need your advice.

Retired and Happy

Thanks and looking forward to your advice!

Response from THE MONEY MINDER:

Hello There,

While it’s understandable to be hesitant about spending a significant amount of money on something that may seem extravagant, especially when you are mindful of your spending habits, it’s important to consider your overall financial situation and priorities. In your case, having a decent job and living at home without many bills places you in a favorable position to afford a gaming monitor without jeopardizing your financial stability.

In terms of practicality, it may be helpful to assess how frequently you will use the gaming monitor and whether it will significantly enhance your gaming experience. If it is something that you genuinely believe will bring you joy and value in the long run, it could be a worthwhile investment. However, it’s essential to ensure that you are making the purchase for the right reasons and not simply succumbing to impulsive desires.

One approach you can take is to create a budget plan that includes setting aside a portion of your income for savings, essential expenses, and discretionary purchases like the gaming monitor. By allocating funds specifically for this purpose, you can justify the expense without feeling guilty, knowing that you have accounted for it within your financial framework.

Ultimately, the decision to purchase the gaming monitor should align with your financial goals and priorities. If you believe it will bring you enjoyment and satisfaction, and you have the means to afford it without compromising your financial well-being, there is no harm in treating yourself responsibly. Just remember to strike a balance between enjoying the present and planning for the future.

Farewell from THE MONEY MINDER.