According to a provocative article in the Wall Street Journal blog, splurging is good for your health. There is new research that shows that people are happier when they splurge, and that they have few regrets in the long-term regarding money spent that might have been needed elsewhere short term. Based upon my experience, this is true. I still remember the jade green dress I didn’t buy when visiting quaint Sausalito, California in 1964! It wasn’t even that expensive, which is why I probably still think of it and it makes me a little sad. I’m certain I would have been very happy had I bought it. A designer dress that was fabulous on me I don’t think about because it was way out of my price range at the time…probably today also.

When clients are debating whether to splurge on a beautiful ‘something’ we have found, I have them ask the following questions:

- Is this a want or a need?
- If it is a want, what will have to wait that is on the ‘needs’ list
- How long will it wait?
- What else will have to be purchased in order to complete the outfit? (i.e. shoes, bag, earrings, belt, etc.)
- How often will I be able to wear this?
- How much will I regret it in the near and distant future if I let this amazing find stay in the store?
- How much do I love it?
- Is this a ‘soul food’ item?

There are some items you come across that are complete soul food items. It doesn’t matter whether you ever wear it, it gives you pleasure just being in your closet. My purple straw cloche is just that. I have had it for 15 years, never worn it, and I continue to be delighted that I bought it because I smile every time I open my closet and see it.

I have always said that we women will find a way to get what we passionately want, we just have to be careful to keep perspective and priorities straight.
So next time, you are tempted to splurge ask the soul question, and if you decide to buy… be comforted by the fact you are nourishing your soul.

Read the original Wall Street Article online by clicking here.