Your saving money is a valuable asset because you have set it aside for future use. So it is but just right to invest it in some worthy causes or things such as the following:
#1. Save more on energy-efficient gadgets.
Invest on gadgets that will allow you to save more on electricity, gasoline consumption and other consumer goods such as water, cooking ingredients or toiletries. An example of this is a toothpaste extractor which is attached at the end of a toothpaste tube so that the toothpaste at the bottom will be pushed towards the dispensing end and no significant amount will be left at the bottom end.
Energy-saving devices are widely available such as sensors or thermostats, which automatically adjust the energy consumption of an air conditioner or refrigerator when the optimum level of temperature is already achieved. Another good investment will be solar-powered garden lights or street lights that automatically switch off when proper illumination is achieved. Also use recyclable materials like shopping bags, food containers, canisters and many others.
These are good investments because it creates a multiplier effect, in the sense that the money you save will be invested in tools and gadgets that will allow you to save more.
#2. Invest on safety devices such CCTV camera, intruder or robber detectors, and alarms.
These are good buys or good investments because they offer you safety and protection. Remember that your safety should come first. Prevention is much cheaper than being robbed or attacked by intruders.
#3. Invest on your lasting enjoyment.
You can actually buy peace and happiness. You can do this by buying self-help books that will teach you how to be a better person, a healthier person and a happier person. This is better than entertainment magazines where the value is fleeting or the enjoyment is not long lasting. There is actually no harm in finding entertainment in celebrity gossips especially if it allows you a bit of relaxation. However, know when to spend for the essentials and when not to.
#4. Ensure your health.
Good health does not only assure you a long life, but also a quality life. Remember that “health is wealth”. Hence, good health is actually a wise investment. Just see to it that you spend adequate time researching on the authenticity and real value of the health products you wish to buy. You should be aware that many foods or health supplements easily make claims that are overboard or not supported by concrete evidence.
#5. Simple pleasures are worth spending.
It is wise to spend on things that give you pure pleasure without jeopardizing your health. This can include your favorite pastries, desserts, delicacies or any other comfort food. If you are not into food, find pleasure in doing crafts or pursuing your hobbies such as photography, painting or gardening. You can also travel either alone or with a loved one.
#6. Make other people feel special.
You can give your loved ones gifts that they will really appreciate. Dine in a nice restaurant, visit an amusement park or explore some interesting places that you have not visited before.
#7. Spend money to have more money.
You need a start-up capital for a business so this will be worthy of spending your saving money on. Good investments can take many forms such as vehicles, stocks ownership, bonds, business shares, insurance and other financial instruments. Just be sure to evaluate the risks involved and the corresponding earning potentials to get more than good value for your money.
Saving money is a good habit to practice, but why save when you can have more in the long run? We are not just talking in terms of income, but in far more important things like peace, contentment and even happiness.