The expression: ‘to splash out’ means to spent a lot of money on something you don’t need.
For example: This year I’m going to splash out on a pool table. I have wanted one since I was 20 and this year I’m going to splash out and buy a second-hand one because I’m worth it!
Have you splashed out recently? Maybe you have had your feet eaten by fish, or you have booked a spa holiday, or maybe you have bought a new gadget.