Spending money is fun—no one can deny that. Who doesn’t love to walk out of a store with a fresh pair of trainers or a new video games console? It’s an exciting time. As soon as we get home, we tear open the box, try it out for a while then… it’s back to our normal lives. A few weeks down the line, we’ll either sell it off or keep it stashed in a box somewhere for safekeeping.
Fortunately, this doesn’t happen to everyone. In fact, many people around the world do make good use of their money, investing into things that they need that can improve their lives. But for the rest of us, we’re quick to waste money on things that we don’t really need or that we don’t benefit from in the long term.
Short-Term Satisfaction or Long-Term Enjoyment?
One of the biggest questions to ask yourself is: do you want to experience a short-term burst of enjoyment, or do you want to look back in a month’s time and think to yourself “this item is well worth the money I paid”. We need to break down the items that we buy into short and long-term investments.
For example, if your computer just broke down and it needs a part replaced, you’ll most likely head to your local computer repair expert to get their opinion. Let’s say they tell you that your hard drive needs replacing. They can offer you hard drives from the store and get your computer fixed, but they charge slightly extra because they don’t have smaller hard drives in store right now—they only have expensive ones.
In this situation, you need to ask yourself if you really need your computer to shell out extra money to get it fixed immediately. Do you have a laptop computer that you can use for now? Or do you have other forms of entertainment to dive into that don’t require a computer? If you use it for work on a regular basis, then you would be wise to repair it as soon as possible despite the cost so that you can get back to working. However, if you use the computer purely for entertainment, then it’s a question of if you want to pay extra just to repair it quickly.
Deals and Offers
Sometimes we see offers in a store or on the internet that can seem extremely tempting. For example, there’s a new microwave for sale that used to cost £100 but has been reduced to just £50. That’s a massive saving of £50! Surely that’s a bargain? Well no. Do you actually need that microwave? You could just get a cheaper microwave for £20. They’d still work fine and unless there are some specific features you want on that £50 microwave, you’d be better off saving yourself £30 and spending it on something self.
In comparison, checking a site like Casino UK reveals plenty of bonuses and deals that are actually worth your time. Sure it’s gambling, but what form of entertainment doesn’t require an investment? In the case of a casino, most online websites offer you free money in the form of bonuses. If you deposit a certain amount of money, you’ll get extra just for your time. Amazon also runs a similar promotion; they offer you an extra £10 gift balance if you deposit £100—that’s essentially giving you £10 for free!
Productive Spending for the Home
Certain creature comforts, such as central heating and comfortable seating, can seem like a waste of money sometimes. For example, why spend £50 on a comfortable office chair when you can just drag a dining chair over and use that? Simple: because it fits the task.
Office chairs are made to be sat in for long periods of time and dining chairs are not. Office chairs have armrests, padded seating and comforting backrests. If you aren’t sure about what type of office chairs to buy, there are plenty of online sources such as this guide on the best office chairs. But make no mistake, there are times when spending extra doesn’t get you much for your money. There’s always a sweet spot for every product that represents the best quality for your money, but this isn’t advertised so you’ll need to do plenty of research.
Let’s take another example. Beds are a neglected piece of furniture that we hardly ever replace or upgrade. But then we visit a hotel or go on holiday, sleep in a high-quality bed and we marvel at the good night’s sleep we can get from it. Buying a new bed is an expensive investment, but the amount of comfort it offers and the reduced risk of injuring your back or waking up in an uncomfortable position makes it worth the cost. You don’t need to buy a ridiculous expensive bed—just do research on mattresses and frames and find the sweet spot for value.