In my current postage stamp sized condo, I have splurged on nothing. It is furnished with Ikea things, mid century modern hand me downs from my downsizing relatives, gifts and things I found on craigslist or scrounged. Even my sofa was under $600 at a Leon's sale.

That being said, my boyfriend and I purchased a Loft conversion that we have yet to move into and there we have a number of splurges planned.. notably a 7 ft long stainless steel island on castors, 14 ft high wall length built ins (storage) and California style custom closets. All of our splurges are of the practical variety, after living in tiny spaces... there is no price I wont pay for functional/stylish organizational solutions.

LOVE the table Elana!

My biggest splurge was installing cork floors. It cost over three thousand dollars, but it creates a visual underline for everything else. The colour is described as "burl merlot", which sounds like the name of a game show host, but google it and you will see it does not offend.

Great info dude!!

I don't actually own a home yet, but this has'nt prevented me from splurging. In the event that I should one day become the proprietor of a 'dream pad', I have a ceramic, Fornasetti roman foot umbrella stand, bubble-wrapped and waiting. It is white with gold detail and fabulous. ...Come to think of it, I don't even own an umbrella!

Another floor point, we have raw concrete and are having it polished. In the end it looks like marble. We found quotes from about $5-$11 per sq ft in Toronto. I agree on splurging for good flooring, it makes all the difference in the world.

A white and gold Fornasetti fabulous umbrella stand?  Cesare, you're for me.

My biggest splurge would have to be my master bath.  When building and designing our home I decided that living in a home of all men required me to design rooms that were more tailored to appeal to a less feminine group or gender neutral.  I thought that I should have a space that would make me feel like I was surrounded in a famine luxury.  So I splurged on a claw foot tub, a chandelier and things with lots of sparkle.  I love walking into my bathroom and slipping into that tub and letting the day melt away.  Every person should have a space in their home that makes them feel special and mine is the bathroom.