Fact: A good splurge every now and again is one of life’s greatest pleasures. Whether it’s a shiny new pair of shoes, your artisanal coffee beverage of choice, or the must-have tech gadget of the moment, we all deserve to treat ourselves every now and then.
The occasional splurge probably won’t hurt your long-term savings goals, but if you catch yourself overspending regularly, it can cut into what you’re able to put away for the future. It’s worthwhile to give your finances a checkup every now and then to see if it makes sense for you to trim down your spending in certain areas. This doesn’t mean giving up your avocado toast (or whatever your avocado toast equivalent is). It just means fitting these things into your budget thoughtfully, with an eye on your long-term goals. These questions can help you identify and celebrate your saving strengths—and narrow down the areas where there might be room for improvement.