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Things you should spend money on

Published: 
Sunday, December 17, 2017
Beyond Payday

While it’s important to save money where we can, it’s equally important to spend money where we should.

Managing our money wisely means keeping a close eye on how we spend. When times are tough, most people think they should spend less and save as much as possible.

While that’s a good approach in many situations, as with other things in life, there are exceptions.

Here are a few things we would all do well to spend money on.

Your health

Your health is your most valuable resource and spending money on it has no downside to it. Taking preventative measures such as routine check-ups, vitamins, or other forms of proactive health care, even if they cost a little extra, is vital. Ultimately, quickly addressing any potential health issues, and dealing with them early can ensure they don’t develop into something major later which can cost much more in the long-run.

Quality food

Linked to healthcare, the food we consume can determine the quality of life we live. It goes without saying therefore, that buying lower quality food which isn’t healthy does us no favors. Fortunately, food tends to be one of the few areas that can be juggled to both save and eat healthy at the same time. Bottom line: what we eat matters, and eating healthy food is always worth the cost.

Home improvements

It’s generally a good idea to spend a little bit more money on improving your
home if it will increase its value. Having a house that’s well maintained not only
saves money in the long run, but can fetch a higher price if one were to decide
to sell it later on. When it comes to your home, a penny spent in its upkeep is
often times money well-spent.

Education

Spending money on education, in whatever form it takes, has multiple benefits.

Not only can we become more productive members of society, but we can also increase our income earning potential as well. Money spent to gain more knowledge that allows us to take care of ourselves financially, is one of the best gifts we can give to ourselves.

By no means is this an exhaustive list of areas that are worthy of our hard earned money.

That said, not only do these areas allow us to improve the quality of our life, but they give us an excellent opportunity to earn more and live well beyond payday.

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