This Luxury Purchase Is How Dave Ramsey Treats Himself — How Much Does It Cost?
Written by
Sean Bryant
Edited by
Zuri Anderson
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Do you have an experience or item you splurge on? This could be treating yourself to DoorDash once a week or giving yourself $100 to spend on new clothes each month. Despite what you might believe, it’s okay to splurge. Even the personal finance master himself, Dave Ramsey, makes luxury purchases that aren’t necessarily required.
In this article, we’ll cover Ramsey’s luxury purchase, including how much it costs and how you can find ways to treat yourself without breaking your budget.
What Does Dave Ramsey Splurge On?
Ramsey splurges on luxury travel, especially on international trips. Everything from a personal customs escort to upgraded seats on flights is considered a “worth-it” expense for Ramsey.
For example, in Egypt, you can sit in a lounge and eat food while they run all your items through customs. Once approved, you get in your car and leave.
Ramsey believes that eliminating the hassle of standing in lines and waiting for rideshares is money well spent. While on vacation, he doesn’t want to stress about how he’ll get to different destinations or whether he’ll have enough time to make a dinner reservation. Instead, he wants to enjoy the whole thing stress-free.
How Much Does Dave Ramsey’s Luxury Travel Cost?
Each destination and upgrade will have a different cost. For example, having a chauffeur pick you up from the airport might only cost a few hundred dollars, while an upgraded flight around the globe may cost more.
Additionally, Ramsey doesn’t always splurge on luxury travel. For example, if the destinations are close enough or the cost is too high for a private chauffeur, he might opt for a rideshare.
Before making any decision, Ramsey carefully plans his schedule and the associated costs.
Finding Your Splurge
The “treat yourself” mentality has a place and a time. While Ramsey might splurge on upgraded transportation, he also simultaneously saves money by evaluating different costs.
It’s not budget-friendly or realistic to splurge in every area of your life. Find what items or experiences are “worth it,” budget the cost and fully enjoy the upgrade. This could be a new designer handbag or playing nine holes of golf at an expensive course.
The Bottom Line
How do you treat yourself? Is it luxury travel like Ramsey or an item you’ve been eyeing for a while? Whatever the case, planning for expensive upgrades or splurges is important. With the right planning, you can reach your financial goals and enjoy life.
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