5 Things You Should Spend Money On
4. Insurances
These come in handy when damages are more than what you planned, or when damages happen unexpectedly. You must ensure that a part of your income goes into insurances, so that when the time is bad, all your hard earned money can come to your rescue and help you get your life back on track. This could range from life insurance to health insurance to auto insurance etc.
5. Savings for ‘future’
All of the earlier mentioned things can only make sense and be enjoyed when you are also using some of your money to go into savings for the future. With inflation and unexpected expenditures becoming everyday entrants in our life, it is very important to save wisely in fixed deposits, mutual funds and other kinds of useful plans and schemes.
The fact of the matter is that no matter what other people tell you, only you know what is important for you and what’s not. You are the best judge of your spending power, and only you know whether or not you can afford something. So always be careful in your spending habits, and ensure that you have enough in hand to spend on what matters the most to you, rather than wasting it carelessly and thoughtlessly on things that you may not need. Find the right balance between being a miser and being a spendthrift, and ensure that you live a quality life that makes you feel content and happy.
