We all like to be — or at the very least try to be — smart with our money. But that doesn’t always mean choosing the least expensive option. In fact, sometimes the pricier item or experience can be the one that is most worth your hard-earned cash, while the cheapest can be the biggest waste.
You should also weigh the added value something can bring to your life. “Before spending a lot of money on an item or service, it may be good to understand what value it brings to you. Does it help you save time or help you avoid doing something you don’t enjoy, does it make you feel more confident, or will the experience be something you rem ember for a long time?”
Here are six expensive things, from financial experts Ma and O ’Connell, that are completely worth the money.
1. Education
About 70% of students graduate from college with student loan debt, and there have been plenty of debates on whether getting a higher education is even worth it. Despite this, Ma said that education is most definitely worth spending money on.
“An investment in yourself is typically worth it,” Ma said. “Increasing your know ledge could ultimately increase your human capital — that is, how much money you’re able to com m and from your employer. Besides, learning new material keeps life interesting and exciting.”
2. Travel
Travel can be good for your body and your overall well-being, N BC reports. O’Connell said that it’s something she spends money on herself. “I love to splurge on travel because it brings me joy,” O ’Connell said.
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3. A mattress
Sleep is essential to good health, according to the National Institute of Health. It only makes sense to invest in a mattress that provides optimal comfort, even if we can’t get the suggested seven to nine hours nightly.
“We spend 5-8 hours a night on our mattress, depending on our sleeping patterns. A good mattress is good for your health and will pay for itself in the long run.”
4. Clothes that fit well
If your clothes don’t fit well, they won’t look good, regardless of what designer made them .So instead of thinking about what brands to splurge on, think about how to make something a custom fit.
“No matter what price you pay for your clothes, make sure they fit.” That means paying for alterations, such as shortened sleeves or pant leg. Nice-fitting clothes make a huge difference.
5. Services that save you time
Tim e is the one thing you can’t get back. If you work in a time-intensive job (and even if you don’t), then outsourcing certain services could be worth it, including cleaning, painting, and general house repair.
We’re at the point in our lives where time is our most valuable resource, so paying for things that help us buy back some of our time makes a lot of sense.”
6. Health items
Who wouldn’t want to invest in his or her own health? it’s the most important expense.
Group fitness classes, fresh produce and the occasional fresh-pressed juice (Saving Tip-Buy a juicer and juice at home).Beyond physical health, these expenses provide a ton of value to one’s mental health.”
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