Once in a while, every one of us gets the urge to splurge and pay an extra buck or two for the things we love. No matter how committed we are to our financial goals, there are few things in life that are totally worth the investment. From fitness and healthcare to upgrading your living standard, here are 5 things where spending extra serves right in the long run.
1) Your Home
Your house or apartment is more than a place you sleep in. It’s a place you spend most or whole of your life and it’s worth investing for a good living standard. A home makeover is a great way to exercise an upgrade but there are few essentials in your home to pay attention to when shopping:
Ranging from a refrigerator to a washing machine, home appliances are what we need for long term. Buying high quality appliances and spending extra to get the most up to date version are totally worth it. Such essential home appliances include refrigerator, washing machine, dishwasher, vacuum cleaner, and kitchen appliances. Keeping in mind the choice of size, color, manufacturer, energy efficiency ratings, and paying for the finest are always useful in the long run.
When it comes to your kitchen accessories, the crucial items requiring more spending are the cooking utensils and dishware. Although spending on electronics is a must, paying extra for kitchen dishware is a requirement. This will make your home seem neater, more controlled, and be a place for you to articulate your personal style.
2) Furniture and Bedding
Depending on your choice, spending on furniture and home décor not only improves your standard of living but also gives a good lifestyle impression to others. Having a certain theme for your bed sheets and furniture that coordinates with the rest of the house is totally worth the extra payment.
3) Beauty and Skincare
Splurging on beauty and skincare does not relate to emptying your pockets on what’s trending and is hyped about. When it comes to paying more for your beauty, we mean you should buy products that are good for you. Instead of totally ignoring and going for cheap products, it is wise to spend a little extra because what you would pay will eventually affect your appearance. For example, if you are suffering from acne, buy medicated beauty and skincare products instead of the regular items, which may damage your skin.
Spending on your health and fitness should be your top priority. Visiting the doctor for a general checkup once a year or after few months is totally worth it. Paying for your mental health, therapy, gym, yoga or dance classes is what’s going to keep you fit and healthy through life.
Sometimes gifts are more than gifts, they are a pathway of expression of love and friendship. A box of chocolate and a bouquet from Roses Only may be enough to express the love you feel toward your beloved. While these gifts serve well for any occasion, but there are a few events where it is okay to splurge, like on your best friend’s wedding or your special someone’s birthday.
6) Family Vacations
We all want to dodge this busy life and go on vacations with our beloveds. Unfortunately, family vacations are not easy to manage since there are multiple costs involved from air travel to staying in the hotel. Sightseeing, food, and taxi fares add to the overall costs and make such visits impossible to most middle class families. That being said, saving in advance and spending a little extra on family vacations bring a lot fun for everyone in the family. The busy mother and father find time to relax, smile and bond with their kids, while the children gather the memories of their life time. If planned well in advance, the family vacations might not be very costly for you. You would be able to avail travel coupons and deals. So, stay smart and do your homework!
Computers now have become a necessity rather than a luxury. For students and office workers, life without a computer is impossible. When it is time to buy your first computer, we mostly look for budget laptops, which is probably a good idea if you are going to buy it for your 7 years old kid. However, for study and office use, you must invest in a good laptop with ample storage, processing power, and RAM.
A cheap laptop with low processing power may die down when you open multiple browser tabs and work on your design software at the same time. The more load you put on the processor the higher the chances of it breaking down. Spending a few extra bucks might empty your pocket for the time being but trust me your life would be at ease for a long time to come. Here’s a little tip on saving; buy the latest laptop but it must be of the previous series, meaning purchase Intel 6th generation instead of 7th generation.
A sound sleep gives you a healthy lifestyle. Most people’s back pains are a result of second-hand mattresses. Spending a little extra on a brand new mattress might look a burden but believe me they are your life savers. First off, avoid buying a second-hand mattress. Secondly, do not rush into buying one and search around. Try buying around sale season like on Black Friday and Christmas sales. But make sure you buy quality mattress with good reviews.
9) Cleaning Supplies
We all need to make our homes and offices clean on daily basis, so cleaning supplies are a part of monthly shopping list. What we mostly do while shopping is that we ignore quality products and buy cheaper options thinking cheap does not always mean bad. However, cheap products usually require you to spend more to get something clean. I advise you to purchase cleaning supplies that can do the job in less quantity and clean better. While buying make sure the products are not harmful for the environment and your health.
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.