Abnegate (ab-ni-geyt) (Verb):
1) To refuse or deny oneself some rights or conveniences etc., reject, renounce, give up, relinquish
The minister abnegated the luxuries of life.
Splurge (splurj):
1) [Verb] To indulge oneself in some luxury or pleasure esp. a costly one
She really splurged on shopping for new clothes when she visited the mall last time.
2) [Noun] An ostentatious display esp. an extravagantly expensive one
Their wedding turned out to be splurge of delicious food items from all over the world.
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