Spending some of your money on unnecessary purchases may be worthwhile.
When I spend my money on extra expenses, I try to think through my decision to ensure my purchase will provide value, make me happy, or improve my life. I’ve learned that spending money on purchases that make my life better can be beneficial, even if those expenses cost extra money. While some expenses are considered unnecessary, I value them. Here are some “luxuries” that have improved my life and are well worth the cost.
During the pandemic, I purchased a Peloton bike. I had previously been taking in-person exercise classes several days a week. After some time away from these classes, I realized how important exercise was for my mental and physical health. I knew that I needed to find a way to bring exercise back into my weekly routine.
However, I wasn’t comfortable committing to in-person fitness classes yet. I considered several options but decided to go with the Peloton because I always enjoyed spinning classes, and I had a couple of friends who liked their bikes.
I knew that buying a bike would be a commitment, but I saw it as a commitment to my health. It also made lockdown more bearable as it gave me something to look forward to doing outside of my work responsibilities.
Peloton partners with Affirm, a buy now, pay later payment company that offers 0% interest on select purchases. This helped make purchasing my brand-new bike more affordable. If this financial tool hadn’t been available to me, I could have also considered getting a 0% interest credit card to more affordably cover the cost of this big purchase.
If exercise improves your mental or physical well-being, it may be a worthwhile investment to keep in your budget. Whether you choose to invest in a monthly fitness center membership, take online classes, or purchase exercise equipment to use at home, this type of expense can improve your life.
House cleaning services
Earlier this year, I decided to hire a professional to help with house cleaning duties. We now have someone come to our home to help out once a month.
With a busy life and many responsibilities outside of work, we previously neglected duties around the house. When we let our home get messy, it impacts our mood, creates more stress, and impacts our relationship.
This is an investment that is well worth the cost and continues to be part of our monthly budget. It’s now easier for us to keep up on smaller cleaning tasks each week, and …….