web analytics
logo
Insights on money, career and trading

5 Things To Do With the Money You’ve Saved

Posted on February 24, 2016 by Daniel at 9:16 am

There are a million books that tell you how to save money, and a billion websites that have talking points that stress all of the finer aspects of financial budgeting and trimming. But every once in awhile, it’s good to take a step back and think about what the end goal is. And to do that, think about a few fun things to do with money that you’ve saved once you have done a good job with your finances.

Consider it your breath of fresh air to fast forward to the future, where you’ve done everything right and your money is under control – now what are some ways to enjoy the fruits of your labor?

Buy a Pool

It’s a status symbol. It’s a dream. It’s entertainment and refreshment. It’s exercise. It’s a pool! Yes, once you’ve saved enough money, many people go the route of purchasing a pool of some sort. There are as many types of pools – above ground, below ground, backyard, Olympic, circular, wave – as there are variations of anything else. So allow yourself a moment of peace and think about what kind of pool you’ll buy once you have your money under control.

Build a House

And you can’t have a pool without a place to put it, so why not let yourself dream about what it takes to build a house. What kind of budget would it take? How far away are you from that goal? What would it take to move you from where you are, to a place where you could put down the cash to build your dream house? These are the kinds of questions that will keep you moving forward on your financial quests. If you already have some land where you know you’ll want to construct a new home for yourself, then there are companies like RKM Homes that can help Build Home on Your Lot, so getting in touch with them could be a good start.

Go On Vacation

And the more frugal you are, the more money you can save to finally go on that vacation that you’ve always wanted. You can buy a vacation package. You can take a 1st class flight. You can eat whatever you want, stay wherever you want. Remember, this is the point of doing all that saving and budgeting!

Start a Business

And if you want to turn your savings into more money, why not learn how to start a business? Find out what it takes to get a license, to get started, to put some sunk costs into inventory and training. You can learn as you go along if you have enough cash to back yourself up.

Jump Head First Into a Hobby

And finally, with the money that you’ve saved being smart and frugal, you can jump all the way into any hobby you want. Thought about being a musician? Buy some instruments, some amps, some speakers, a mixing board. Want to be a photographer? Get a camera, some lights, and get cracking! This is what money is for.

logo
Insights on money, career and trading