Budget for large “frivolous” purchases guilt-free.

Spending money 101 — how to budget for things you want but don’t “need”

Budgeting is about much more than saving.

Many of us who have lived on very little money in the past will often have a lot of difficulty spending on ourselves. If you’ve had to ration your food to avoid going over-budget or hungry while affording rent, dropping $500 on a new bike can seem extravagant (God forbid $1500 for a fancy one).