When Is It Okay To Spend Big?
This blog is certainly about being frugal and saving as much money as you can. But there are indeed times when it is wise to pay top dollar for something. I’ll be going through a list of items here where it is okay to spend big money.
- Education. Enrolling your child in a good school is a good investment. It can keep them out of trouble (no legal fees later), they’ll be ready for high school / college (no tutoring fees) and set them up to get scholarships (get a break on tuition) in the future.
- Health care. Nothing is more important than your well being. Getting regular medical checkups to ensure your continued health is key. In the long run, it will actually save you money since you’ll be avoiding / delaying the costs that medical conditions bring on that could have been caught early on.
- Hobbies. Sometimes having a hobby will end up saving you money. You won’t quite have the urge to vacation or go out to restaurants as much.
- Healthy food. Often times healthy food costs much more than fast food. But those who choose to eat cheap fast food will end up paying for it with a shorter life, diabetes, high blood pressure, high cholesterol and heart bypass surgeries.
- Car. You don’t have to buy a luxury car worth $40,000. However buying a car that has good safety ratings is a good idea. Buying a fuel efficient car is also good for the environment and if you will save you money at the pump.
- House. It’s a good idea to buy / rent a house in a good neighborhood. A good house pays dividends when you have friendly helpful neighbors, if the home is in a good school district, has a low crime rate and is close to the fire department.
