3 Investments Worth Your Money

When I was 13 I flew across the country for a East Coat tour with my school. As I crawled into the backseat of my friend’s car, my mother instructed hers that I needed to buy souvenirs because I was “too frugal” with my money. Nearly a decade later and I still struggle with spending large amounts of money.

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The idea of spending more than $50 on anything is absolutely baffling. It’s not that I don’t love luxury items – hello, I spend way too much time on the J.Crew website – it’s that spending money on things that don’t better my life overall end up becoming something I will likely replace next year, making it a waste of money.

“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.” Ayn Rand

That’s why in the past year I’ve changed my approach to money. While I usually like to spend my money on experiences, there are three material things that I think are worth putting the extra money because they make lifeĀ so much better.

1. Home

As a society, we spend at least a third of our day at home. So why wouldn’t we want our home to bring us joy? Whether it is spending a little extra on rent for a place we love, or buying furniture that makes us comfortable, or putting the money to a renovation that finally makes our spaces feel like home, investing in our home is one of the best ways to improve our overall lives.

With my new apartment {which yes, I do move into this weekend!} spending that little extra for a beautiful new space that includes all the amenities – and tons of natural light – that make my life better is such a worthy investment. I spend a lot of time at home, so having a space that makes me feel happy is important.

2. Interests

Your hobbies and interests are an integral part of who you are. So spend money to follow them! From investing in quality wool for knitting, or buying a parks pass for hiking, take that money you worked hard for and spend it on something that makes you forget how awful that 8am meeting was!

I use my computer for blogging, which is such a big part of my life. It’s a hobby that turned into one of the best decisions I’ve ever made. My laptop has been on the fritz lately after several fixes and last weekend I made the plunge and bought myself the newest MacBook Pro. Was spending $1200+ on a laptop painful? Yes. Was it worth it? Completely. And I get to keep blogging without any technical difficulties.

3. Savings

The best thing you can invest in is your savings. Seriously. Put aside a healthy amount of your paycheck {Mine is $75/week} and put it in your savings to only be used on a rainy day. I almost never touch that money. And when I look at my savings and see the money that is there when I need it, I feel more secure financially.

This money is only touched when I need serious financial help – or need to buy a laptop. It’s for when a bicyclist breaks my taillight {yes, this did happen}. When I’m between jobs. When there was an error with the bank. When I got sick for a week and ran out of sick days. When I bought expensive concert tickets right before rent was due. That financial security is irreplaceable.

If you’re looking for a easy way to save, check out Digit for when you can only save a few dollars at a time.


What is your philosophy on money? What things are more worth the cash?

Stay classy, Internet,

morgan

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