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Finance

How can I Live in Luxury on a Budget?

By Sheri Cyprus
Updated Feb 01, 2024
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It is possible to live in luxury on a budget. Sure, maybe life's larger luxuries such as expensive cars and real estate are currently out of your reach, but that doesn't mean you can't have elegant accessories and enjoy some luxury on a budget. A great way to live luxuriously without breaking your budget is to think quality over quantity.

For example, rather than eating commercial candy bars fairly often, why not splurge for fine chocolate less often? Less can definitely feel like more quality-wise. Eating high quality chocolate packaged elegantly can just feel luxurious. If you spend the amount of money you normally spend on junk foods such as candy and chips, you don't have to ruin your budget to treat yourself with fine chocolate.

Clothing is another item that can let you enjoy luxury on a budget if you give up quantity for quality. For example, maybe you could afford just one special designer piece, or maybe two, and then build the rest of your wardrobe around it with inexpensive basics. If you truly love the piece and you feel luxurious every time you wear it, then spending the money on a whole closet full of things you don't wear is definitely worth giving up. High quality clothing tends to fit better and last longer as well.

If you think twice about spending money on things you really don't love or need, you'll have more money to save up for luxury items. The money you save can add up and you can use it to live in luxury on a budget such as by going to a day spa or to an expensive restaurant for lunch. As a general rule, upscale restaurants are often less expensive for lunch than they are for dinner.

You can also create a spa-like atmosphere at home and learn how to take a soothing vacation in your own home. Pamper yourself with bubble bath, candles and music or something to read. You can buy a good book from a second hand bookstore, so you don’t have to worry about getting the book wet. You can also make your home look luxurious on a budget by buying flea market furniture and painting it to look new and elegant.

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Discussion Comments

By bluedolphin — On May 30, 2014

@fBoyle-- I think you can live in some luxury on a budget, but you will have to prioritize and learn to give up something in return.

I mean, if you want a nice vacation or an all day visit to the spa, you might have to work an extra weekend for it. Or if you love a luxurious shoe brand, you will have to pay less for other things to afford a pair of shoes from that brand.

I might never be wealthy enough to afford everything I want, but these small things every now and again make a big difference in my life. I feel happier, more positive and it's good for my self-esteem. So I make amends where I can and treat myself to something I like when there is an opportunity.

By fBoyle — On May 29, 2014

I don't think it's possible to live in luxury on a budget. It's called luxury because people can afford the best of the best. That's just not possible for someone on a limited budget, at least not most of the time.

By bear78 — On May 28, 2014

A great way to live in luxury on a budget is to keep track of coupons, promotions and freebies.

I have low income right now and often times, I can't afford the things I'm used to buying, like nice chocolates, or a quality body lotion. But I've discovered that most brands and stores frequently have promotions, coupons and freebies that they advertise at their store or online site. I have started keeping track of these and I sign up to what I can. I'm able to buy great products for much less now. I also get lots of freebies, all from nice, high-end stores.

It's a little time consuming but definitely worth it.

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