1093: Controlling The Urge To Splurge by Sam of Financial Samurai on How to Control Spending & Be More Frugal

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🗓️ 7 March 2020

⏱️ 7 minutes

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Summary

Sam of Financial Samurai on controlling the urge to splurge. Episode 1093: Controlling The Urge To Splurge by Sam of Financial Samurai on How to Control Spending & Be More Frugal Sam Dogen's net worth took a beating in 2009 as the world was falling apart. He thought it would be a good idea to start a personal finance site to help himself and others make sense of chaos. After all, he had spent 10 years working in the finance industry, got his MBA from Cal, invested and saved aggressively, and still got financially rocked! Since then, more than 20 million visitors have stopped by FinancialSamurai.com. The original post is located here: https://www.financialsamurai.com/controlling-the-urge-to-splurge/ Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is optimal finance daily episode 1093 controlling the urge to
0:05.2	splurge by Sam of financial samurai.com and hi again welcome to the Saturday
0:11.0	edition of optimal finance daily.
0:12.6	My name is Dan.
0:13.6	I am your host and I'm here every single day reading to you
0:16.5	from some of the best personal finance plugs on the planet.
0:19.9	For now, let's get right to our post as we start optimizing your life.
0:27.0	Controlling the Urge to Splurge by Sam of Financial Samurai.com.
0:33.6	I went shopping this weekend to buy myself a new pair of comfortable brown mother loafers
0:37.6	for work. I've worn my $60 timberland loafers from Shoe Pavilion, a discount store for the past two years, and they're starting to get holes.
0:45.0	I have to say, when it comes time to shop for work clothes, I'm just so uninterested.
0:50.0	To me, shopping for work clothes becomes a work expense I resent.
0:54.0	Because dressing reasonably professionally is a necessity at work,
0:58.0	I feel I'm not spending my money on what I want, and that annoys me.
1:02.0	My ideal outfit, after all, is a t-shirt, a well-worn
1:04.6	pair of jeans and flip-flops. I decided I wasn't going to buy the same old
1:08.5	boring shoes anymore. I was on a shoe revolt. Instead of going to DSW Shoe Company or Ross Dress for Less, I went to Barney's
1:16.4	New York to buy a 435 dollar pair of Todd's loafers. I've actually been eyeing this shoe for more than
1:22.2	two years and just couldn't find my size when it went on sale for only $250 last Christmas.
1:28.0	It's a good-looking shoe, with beautiful leather and a nice rubber sole.
1:32.0	However, there's no way in heck it's worth $435 or five times
1:35.7	what I'd normally pay for shoes. That said, I bought it anyway because I wanted to
	...

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