Recently, I’ve had to make a few rather large purchases recently, and because of the taxes that I was fortunate enough to pay this month, For the first time since August 2009 I spent more money than I took in – but barely. When I was dealing with the taxes and all that, it seemed like once I knew I was going to spend quite a bit of money, some of the other purchases I made seemed rather small in comparison.
For instance, I paid 2,000 in taxes – so when I went to the store and some a sweet deal on the cookware that I use frequently (and have been slowly building up my collection), I decided to jump on the deal instead of waiting (though had I not bought it, it would have been the 3rd time I passed on the price, and I wasnt sure it was going to cost what I paid for much longer). Even though I’ve still got some debt, I dont mind spending some of my hard-earned money on this type of cookware . I enjoy cooking, and I highly value products that come with a lifetime warranty that I know I can purchase one time and never have worry about again.
Recently, I’ve been able to turn away from this purchase, but when I was in the store, I had the tax payment I had just made directly in my mind. While the purchase (~150) was typically much larger than all of my other one-time spending has been in recent months (with the exception of rent). This month, however, that was not to be the case. I had just paid a 2,000 bill, so in comparison, my purchase was small, so in my mind the spending I did wasn’t going to bother me.
How do you handle spending large amounts of money? Does it instinctively loosen the purse strings, or do you cut back harder than normal to compensate and try to make up for the abnormally large spending?