All Articles Tagged "spending smart"
Although we can never advocate or stress enough the importance of saving, we do understand that occasionally the itch to spend money is unstoppable. And if you are to spend your hard earned money, make sure you’re spending it on things and experiences that matter. Savvy Sugar offers a list of the things that are worth spending the extra cash.
Our number one on the list is your well being. This doesn’t mean you should spend all of your money on expensive gym memberships, weight loss programs or healthy delicacies, but if you’re actually going to go to that weekly class at the gym, then take it. Instead of eating out all the time, spend your money on quality healthy groceries that will last longer and will do more for your body.
Go to the doctor! As the article points out, a co-pay is nothing compared to the high cost of a health calamity that could have been prevented. Using a Flexible Spending Account allows you to use pre-tax money to pay co-pays. Look into how you can use these FSA dollars before the end of the year.
As with taking care of your body, next you should take care of your home. We are not talking about that bathroom renovation you’ve always wanted that includes a Jacuzzi. If something in your house legitimately needs fixing then it’s important to take care of it as soon as possible. If you disregard the problem, most likely it will only get worse and cost you more later on in life.
If you’re going to splurge on clothes, make it count and get a well made interview outfit. The money you spend on an outfit is an investment if your confident look helps you win the job. Along with the power suit, you’re also allowed a pair (not a dozen!) of quality shoes. Good shoes will last for years, and if you get a pair that goes with everything, you’ll eliminate the need to replace them every season.
It’s important to keep the people you love close to you, even if you live far away. That’s why the list advocates spending money to visit family and friends. Keeping up these relationships is priceless.
Insurance is necessary. It protects you from any unexpected life circumstances. Health, car, homeowner insurance are non-negotiable. But depending on where you live, you may want to consider fire or earthquake insurances as well. Research various insurance policies to find out what will be best for you and your family.
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