There are plenty of purchases that we make that probably are not for best use long-term. Sure, impulse purchases are good at the moment, and even those that you do save up for might be a flavor of the month, so it is important in a budget to reduce unnecessary expenses so you can free up extra money to put to good use in saving for the future. There are a few purchases that are actually quite necessary and can save you money in the long run, whether it’s by health, or you get what you pay for.
Programmable Coffee Pot
If you stop and think about the amount of money we spend in a month on coffee it could be quite alarming. Sure, it’s quick to stop at the drive-thru on the way to work each morning, but add that $3 cup of coffee up for the week and you’re already at $15. If you are stopping for coffee you are probably grabbing a bagel or breakfast sandwich as well, so maybe $7 a day, $35 a week, $140 a month. Now that may be on the high side, but maybe figure around $75 a month. For an initial cost of a $25 programmable coffee maker, not to mention buying your favorite coffee in bulk, you can have significant savings, not to mention having coffee ready in the morning to put in a travel mug and head on your way to work.
Up to Date Laptop
With the amount of business, we conduct on laptops now, whether it is working at home for our day job, or holding down a side business, it’s important to have a reliable, up to date laptop that can handle multiple applications at once. For around $700 you can get a quality laptop that boots up in seconds and is fast juggling between applications, something that is important in our hectic daily lives. With the amount of time we are on computers throughout the day, why not get something quality that will hold up over time, that is as long as the technology holds up, which seems to be every few years or so.
Sure, water may only cost $5 a case, but it seems like most go through a case a week at the least, so figuring spending $25-50 on water, more if you are buying single bottles at the gas station or vending machine. By purchasing a water filter, you can rest easy drinking plenty of tap water you want at home. Instead on continuing to get a new water bottle, you can also get a water travel cup that you can continue to fill up not only at home, but also at work.
TV Streaming Devices
Cable will hopefully either be out one of these days, or the business model will change enough that channels can either be on an on-demand, pick and choose method, or start to significantly lower monthly cable fees so that others don’t continue to jump ship for streaming services. For around $10 a month for Netflix, to play on a smart TV or spending $30 on an Amazon Firestick, not to mention a $20 HD antenna that you can hook up to get local channels, for a low initial start-up cost you can ditch cable and still catch up on all the best shows.
Saving much is of course important, but there is a line between saving too much and not enjoying life. What’s the best of starting to enjoy life when you are at retirement age instead of along the way while you are young. There are important life experiences to be had throughout all of your life, between traveling, seeing concerts, sporting events, and hanging out with family and friends that cannot be traded for money. Sure, events cost money so you have to be mindful, but too much worrying about saving much could put your sanity and quality of life in jeopardy.
Now if you don’t use a gym membership, I’ll start off by saying it can be a waste of money and you should cancel as the weeks start to go by without using, but, for those can stick with it, keeping active can improve your energy and fitness level that can not only extend your life, but save on medical bills from poor health. Sure, a gym membership won’t fix everything, but there’s can’t be anything wrong with staying active and in good shape as you continue to age.