Since I’m always talking about the things that you shouldn’t spend money on and how you can save more, I thought it would be a good idea to also talk about the things you SHOULD spend money on.
The reason you should save on the little things is so you can spend on the things you actually care about or things that will have a positive impact on you.
For example, a new smartphone will only make you happy for so long, but a trip to a new country will be an experience that you will never forget. Don’t get me wrong….if having the latest smartphone makes your life easier by providing the technology to get more done, do it.
It is important to make purchasing decisions based on life efficiency and happiness.
I think the things below can make your life easier and more enjoyable. (These aren’t in any specific order)
- Take your parents out for a nice meal. They changed your diapers. Treat them.
- Buy a plane ticket to somewhere you haven’t been before. You never know what you will see or who you will meet.
- Vegetables and fruits. Eat them. You will have more energy throughout the day.
- A gym membership. This just means to have some sort of access to exercise. You could have an apartment gym or you could be a member of ClassPass.
- A nice suit. Job interviews, gala’s, weddings….make sure you look presentable and marketable at these events. You are always selling yourself.
- Give. Give to the little girl that is starting a side business while in the 6th grade, and give to someone else that desperately needs it. You can change someone’s life.
- Start a business. Have something you are passionate about or a burning desire to change something? Give yourself a budget and start. You never know where it will take you.
- Haircuts. I have heard about people that go on extreme money diets and stop paying for grooming. I’ve seen haircuts for as low as $2.99. Please get one.
- Save for retirement/future. Put aside money each month towards your future. Start with whatever you can afford and increase it over time.
- Books. Read everything. Only buy one at a time to make sure you finish it. You can also get almost any book from the library for free.
- Take a class. This can be a yoga class or an art class. You may hate both but you may find something that you love.
- Shoes. You don’t need Cole Haan or Jimmy Choo, but you need to have a presentable pair to wear for work and big events.
- A computer. This is where all big ideas started.
- Coffee. Go inside a coffee shop and sit by yourself. You will be surprised by who you see and meet.
- A challenge. Challenge yourself to something. Run a 5K or be a part of a cooking contest.
- Toothpaste and floss. Please use.
- A good pillow and blanket. Sleep is important and since it may be difficult to own an expensive mattress, a good pillow and a good blanket will do for now.
- Stock. It doesn’t have to be a lot, but make you sure you understand what you are buying. Here is a great story about a couple that made a fortune from a small amount of Apple stock.
- Debt. I know it’s not a purchase, but make sure you pay down debt as aggressively as needed.
- Insurance. It doesn’t always work for the small things, but it is there in case something tragic happens.
Just because these are smart purchases doesn’t mean that you should go buy the most expensive of these things. There is alway a way to save, but I do believe that these things will help make your life easier and happier.