Save vs. Splurge, where to spend your money in a living room. Splurge on: a slipcovered sofa in a high performance fabric, a large coffee table, art, custom throw pillows, and large statement lamps. Save on: flush mounts, decorative lighting, small decor items, side tables, and high impact deals like fireplace screens LTKsalealert LTKunder100 LTKhome