15 Ways Spending More Will Save You Money
Even though I usually focus on spending less money in order to save money, sometimes spending more will actually help you save.
Here are 15 ways when dishing out a few extra bucks can help you be frugal in the long run.
There are lots of inexpensive items you can buy that will quickly pay for themselves and save you more money down the road.
Buy a hair trimmer kit and get free haircuts at
home. I haven’t paid for a haircut since 2008!
Buy your own coffee making equipment and save hundreds by making your brew at home instead of getting it at the coffee shop. I bought a coffee bean grinder, coffee maker with cone filter and thermal carafe, and a nice thermal travel mug.
Buy a large insulated lunch box and pack your lunch every day. I use my giant lunchbox so I can easily pack leftovers or even larger items like full-sized boxes of cereal.
Spend some money to plant a garden. Grow your own food, and even sell or trade your extra produce. Even a few productive plants can provide a lot of healthy and cheap vegetables.
Buy an eReader and pay less for your books. The electronic version of books are less expensive than paper, and you don’t need bookshelves.
Buy a water filter and a reusable bottle, and stop wasting money on packs of plastic water bottles at the store. You can get a water pitcher with a built-in filter to keep in your refrigerator, or even get a water filter for your refrigerator water dispenser.
Buy reusable items instead of disposable items. Use rags instead of paper towels, reusable glass or plastic food storage containers instead of baggies, etc. You’ll save money with the reusable items, and you’ll be putting less waste in the landfill as well.
Spending to save money on energy
If you can spend money once to reduce your energy consumption, this can add up to lots of savings as you use less energy every day.
Buy energy-efficient lighting to reduce your electric bill. I am upgrading to LED light bulbs that use much less electricity and last many times longer than incandescent or compact fluorescent bulbs. Most of the lights in my house are LED now, and I am saving money every month.
Insulating will help reduce your energy bill. Spend some time and money on caulk, weather stripping, and fiberglass insulation, and save money on every utility bill for years to come.
Some appliances use a lot of energy, such as your furnace, central A/C, water heater, and refrigerator. Get the most energy-efficient appliances available and save hundreds per year on lower energy bills. Over time, the energy savings will offset the increased initial cost of the energy-efficient appliances.
Upgrade to a programmable thermostat to downgrade your utility bills. I recently replaced my old thermostat with a modern programmable unit. A programmable thermostat automatically adjusts the temperature setting based on your schedule, so you can use less energy heating and cooling the house when no one is home.
Spending to invest in yourself
Spending money to increase your earnings can result in a lot of additional income.
You will need a suit to wear to job interviews if you want to step up your income with a higher paying career. A good suit can last for many years and support a number of career upgrades.
A lot of people are talking about high levels of student loan debt that many college graduates are facing, but a college degree in a high paying field can be worth over a millions in additional income over your career. Even if you borrow money to finish school, investing to get into a high paying career can be a great financial strategy.
Learning new skills
I recently spent to buy a writer’s market book to find new places to sell my articles. If I can sell just one extra article, this will more than pay for this investment in myself. Spend a little to learn a new skill or way to make money on the side.
Spending on preventive maintenance
Pay a little bit now for preventive maintenance, or pay a lot later for expensive repairs.
Spend money on oil changes and routine maintenance to keep you car going for years and avoid the expense of replacing your entire vehicle prematurely.
Even though you don’t want to, go in for dental cleanings. Pay a little now to keep your teeth in good shape and avoid much bigger expenses later.