New Year’s Resolutions for the Luxury Lifestyle

luxury lifestyle

Leading a luxury lifestyle is definitely possible, but you have to keep in mind that you are the one and only person responsible for the amount of luxury in your life. It’s important to remember that luxury doesn’t mean senseless spending and buying. Quite the contrary. The true luxury of life comes from careful spending and even more careful saving. As long as you’re aware of your own budget, you can take the necessary steps to use what you have in the most luxurious way possible – shopping smart. This way you’ll appreciate the things you have more and actually feel fulfilled after every purchase. If your goal for the next year is to live the luxury lifestyle that will make you truly happy, consider the following New Year’s resolutions for yourself.

I will keep track of my budget

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In order to know exactly how much money you have and how many possibilities to invest it properly there are, you need to continuously budget your earnings and spendings. There are plenty of budgeting apps that can help you, and even downloadable templates. Basically, you’re going to go through your monthly earning and organize your budget so that you can see how much you spend for bills, how much for food as well as other things you tend to buy. This will give you a clear insight into where your money’s going. Most importantly, this is an essential step if you want to start saving for luxury that’s actually worth it. You never know where you can cut the spending unless you trace it.

I will control my spending in order to spend

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This is the tricky bit that’s connected to the way you budget regularly. Both will require conscious effort on your part. However, if you want to lead a luxury lifestyle, you’ll need to know where and when to invest your money. As mentioned, it’s important to see where your money’s going so that you can cut the expenses where possible. More importantly, you’ll have to control your impulse buys. We all get those urges sometimes and there’s nothing wrong with treating yourself from time to time on, but if your goal is luxury, you should wait and save up until that treat you’ve been thinking about is a valuable purchase that will prove to be a smart and maybe even timeless investment.

I will think through big purchases carefully

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In a way, a luxury lifestyle means focusing on big purchases and ditching the usual bunch of small ones. However, some purchases will always be “bigger” than others. If you’re thinking about something that will affect your life considerably, as well as your budget, like a car for example, you really need to analyze this lux purchase from every angle. You may definitely need a car. And you should definitely invest in a vehicle that will meet all your needs. But, you also have to consider whether it is the right time for you to buy a car. For instance, you may be able to save even more, and get a better car in the future, if you just wait for a little while and deal with the current situation with cheap car hire rental services or even carpooling.

I will value quality over quantity

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Many people fall into the trap of constantly buying a bunch of things that they don’t really need. However, several different shirts or pairs of shoes that were affordable individually will eventually end up costing you more than, let’s say, a really well-tailored shirt that’s versatile and timeless or a comfy designer pair of shoes that will last you for seasons to come and pair well with all your outfits. This goes for many other things we tend to buy obsessively, such as makeup, skincare, perfumes, home décor, etc. One of the keys for a true luxury lifestyle is having staple items in your daily routine. That may mean investing a little more in one product, but that product will prove its worth and serve its purpose a lot better than several different products that were cheaper but may not work as well.

It may come to you as a surprise, but frugality is essential for a luxury lifestyle. This is a mindset that will help you achieve the things you want. And sticking to these resolutions may even end up as a starting point for having more motivation for working towards your other life goals as well.

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