The 8 Things To Spend Your Money On--Even if You're Frugal
Being frugal and trying to save money is a commendable endeavor – but you shouldn’t go overboard.
There’s an old saying going somewhere along the lines of “a greedy man pays twice over”, meaning sometimes spending money is more beneficial than saving it.
Here’s Our List of Things to Spend Your Money On
It should be no surprise that #1 on our list of things to spend your money on is health. While going to the doctors for routine check-ups seems like an overindulgence – you must remember that finding any health problem you might have in time will be worth it.
If only because you’ll be paying far more in the future if you don’t find them in time.
2. Fresh Produce
Continuing from the previous point – while we’re all about saving money on groceries and buying generics instead of name brands, and frozen meats on the sale to keep in the freezer, fresh produce is still on our list of things to spend your money on.
Simply because it’s a good investment in your future health (and also it’s really tasty – sometimes one should treat themselves).
3. Rent and Utilities
While it might be a tad too obvious, no list of things to spend your money on would be complete without these ones.
Keeping a roof over your head is right up there with keeping yourself well-fed and healthy.
4. Debt Payoff
It might be painful, letting go of a large chunk of your paycheck every month, but if you can afford to pay a little extra towards your debt – you should definitely do it.
The faster you pay off the debt, the better – if only to save on interest.
Even if you’re still paying off your debt, investments should still be among the things to spend your money on. The earlier you start the more you’ll be able to save for retirement.
At the very least, you should try to max out your employer contributions and put a little money towards mutual funds investments.
Probably the biggest indulgence on the list of things to spend your money on, but if you can afford to do it – you should set up a sinking fund for at least one trip a year.
And since these days there are plenty of frugal traveling opportunities – you can even do so, without spending an unreasonable amount.
Life is all about experiences – as long as you do it smartly, no need to deprive yourself.
If you’ve got your basic needs covered, you should put charity on the list of things to spend your money on.
Even if it’s just $20 to your local food bank – it’s already a big step towards making someone’s life a lot better.
Be generous – the higher power will see it and give back.
Emergencies are #8 on our list of things to spend your money on but they might as well be #1 (or #2, considering we truly believe there’s nothing more important than health). What we’re calling an emergency in this article, is an unexpected expense that calls to be handled immediately.
A broken cupboard, for example, is unpleasant – but isn’t an emergency. It’s unpleasant to look at, but you can postpone dealing with it until you come up with sufficient cash.
A malfunctioning fridge, on the other hand, is an emergency – not only may you lose money on food you purchases that will likely spoil, but the problem is likely to get worse over time, costing you more in repairs (or even possible replacement).
The same goes for sudden car malfunction, a clogged sink, or a toothache. If a problem will cost you more in the future – you need to fix it now. If you don’t have any cash on hand – applying for a title loan is an optimal option.
What Makes A Title Loan A Good Emergency Option?
Title loan emergency benefits mainly come down to 3 things:
- Accessibility – as long as you’re over 18, own a car, and that car’s title is in your name, you could be eligible for a car title loan.
- Client accommodation – unlike a bank, Utah Title Loans will work with any type of income and won’t care too much about your credit history, so you can apply even if your credit score is bad, or nonexistent altogether.
- The swiftness of the process – usually the application and approval process takes less than an hour (often as little as just 30 minutes) and, if approved, you get the cash the same day, enabling you to handle your financial emergency immediately.
How Do I Apply For A Utah Title Loan?
Applying for a title loan online is easy, especially nowadays, when you can start the application process online, without having to leave your home.
- Fill out the online form on the website and send it in.
- Wait for the Utah Title Loans loan representative to call you and set up a meeting.
- Take your car, your lien-free car title, and your government-issued ID to the meeting.
- Wait for the loan representative to assess everything and determine the loan amount you qualify for.
- Get approved and get the cash.
Knowing the things to spend money on even if you are frugal, should just be something we know and understand, but as life throws you curve balls it can sometimes get confusing. If you find yourself in a tight spot and need financial assistance, a quick cash title loan from Utah Title Loans, Inc. can give you the help you need in no time at all.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.