Top 9 Things To Spend Money On So You Can Live a Better Life

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Saving greater than 50% of your income is an outstanding achievement. The diligence and discipline should not go unnoticed, but with all that money saved there’s probably a few things you want to spend money on….

A reoccurring theme in the personal finance space ( and commonly among PF bloggers) is that once many people hit their mid to late 30s they become less hyperfocused on increasing their net worth. In turn, they realize that they should enjoy some of their hard-earned money and not obsess about making the digits on the screen increase month and after month.

I’ve even seen some people refer to this as revenge spending.

Why does this “reckoning” occurs in your 30s? Probably due to a handful of factors, an important one being that this is the time many people get married or start a family. Subsequently, they realize their number one priority isn’t money anymore.

That being said, if you are looking to spend a little money, here are 9 things to spend money on in order to live a more full, more comfortable, and happier life.

1. A High-Quality Mattress From Casper

Without a good night’s rest, the rest of your day is shot. Humans spend nearly 1/3rd of their life sleeping or at least attempting to sleep!

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Nothing beats a good night’s sleep. Do yourself a favor and try a Casper Mattress

Purchasing a high-end mattress has done wonders for me. I had the worst bed for years. I could feel the box spring poking through the non-existent pillow top. I think I bought that mattress off of Craigslist.

Once I finally wisened up and bought a Casper Mattress, my sleep improved dramatically. I could fall asleep in a matter of minutes and woke up every day refreshed.

Truly. A. Game. Changer.

2. Mental Health Therapy

I wrote an article a few months back proclaiming that investing in your mental health is one of the best investments you can make.

I still stand by that statement.

The problem in the United States is that access to top-quality mental health professionals is often considered an out-of-network expense by most insurance companies.

And because of that, many people go undiagnosed, undertreated, or not treated at all.

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According to John Hopkins University, 1 in 4 adults suffers from a diagnosable mental health disorder.

Not surprisingly, several mental health care start-ups are popping up which has made services more accessible.

Olympian Michael Phelps (who suffered from depression and suicidal thoughts) is now a spokesperson for the talk therapy app Talkspace.

More recently, the tennis star Naomi Osaka bravely quit the French Open after sharing she struggled with bouts of depression.

The point is, investing in your mental health is an investment in yourself and one of the top things to spend money on. It will enrich your life and those around you.

3. High-Quality Meats, Vegetables and Fruits

According to the United States Department of Agriculture, in 2019, Americans spent 9.5% of their disposable income on food.

Eating more nutritional food costs $3 more/per day per person or $1,095 in 2021 (indexed for inflation), according to an article published by Harvard T.H. Chan School of Public Health.

Unfortunately, the unhealthiest foods often have the most calories, the least nutrition, and are the highest in saturated fats, cholesterol, and added sugars.

McDonald’s salad anyone?

Accordingly, the leading cause of death in the United States is heart disease. And one of the leading causes of heart disease is high cholesterol and being overweight, which is often a result of years of poor dieting and exercise.

Which brings me to my next point of top things to spend money on…

4. Fitness Classes

I am a huge proponent of the sound body, sound mind mantra.

Returning to my earlier point, according to the CDC, the leading cause of death in the United States is heart disease. The CDC also points out that some of the leading causes of heart disease are being overweight, obesity, and lack of physical activity. 

So, the statistics point to quite the opposite for those who think fitness classes are a waste of my money.

Fitness classes are one of the best things to spend money on!

Unfortunately, 67% of regular gym memberships go unused. The reason? People need to be coached, and that’s why I recommend group coaching classes such as Peleton, Orange Theory, F45, or even Barry’s Bootcamp.

The monthly membership may be pricey, but the price of extensive medical bills and a shorter life is even more.

5. Quality Clothing

If you purchase high-quality clothes, not only will you look better, but your clothes will also fit better and you will feel more comfortable.

In today’s age of cheap, fast fashion, you really tend to get what you pay for.

Some timeless clothing companies who have not sacrificed quality in seek of profits are:

  • Polo by Ralph Lauren (Polo Shirts and dress shirts)
  • Brooks Brothers (Dress shirts, Polos, shorts)
  • Theory (Going out shirts/sweaters)
  • Ted Baker (Going out shirts)
  • Allen Edmonds (Dress shoes and casual loafers)
  • Sandro (Ready-to-wear latest fashion)

In addition to looking sharp and being comfortable, you are also more likely to be judged as more competent.

A study published in the March 2020 issue of Nature Human Behavior found that people dressed in more expensive clothing were judged as more competent even as participants in the study were told to ignore clothing when judging someone’s competence.

6. A Comfortable Couch

When my wife and I moved into our new apartment, the best decision we made was to spend a little more money on a well-made grey sectional couch from West Elm. This couch is not only very comfortable but gorgeous as well.

Sure, there are endless look-a-likes on all the major retail sites for a fraction of the cost. But while many couches may be just as aesthetically appealing, you are sacrificing a lot of quality and comfort.

Like your mattress, you use your couch every day. It makes sense to have something that can make it through your weekend Netflix binges.

A well-made, stylish, comfortable couch is an important thing to spend money on.

7. Timeless Jewelry

There’s plenty of cheap and stylish costume jewelry and watches available at every major department store. And in most cases, it’s totally acceptable and reasonable to purchase jewelry that doesn’t break the bank.

However, at some point in your life, buying a piece of timeless jewelry such as a watch, ring, or necklace that can be passed down through generations is something worth spending extra money on.

Not only is it a way to pass down your legacy, but a way your family and loved ones can continue on with a physical piece of you.

8. Vacations

Margaritas by the pool are just a plus.

Vacations also reduce stress. It’s not a coincidence that you often come back from vacation feeling rejuvenated and refocused. According to a Gallup study, people who made time for regular trips or vacations had significantly higher well-being than those who did not.

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Furthermore, vacations force you to be outside your comfort zone. And, most importantly, vacations expose you to different cultures that can enrich your life by learning about the historical relevance of your vacation destination.

Lastly, vacations create memories that will last a lifetime.

9. Studio Quality Sound System

There is nothing better than a studio-quality sound system. For years I used a junky portable speaker that sounded very grainy. Once I switched to a high-fidelity speaker like the SONOS Play 5, my listening experience changed forever.

Whether I am cooking, exercising, or socializing with friends, when you hear your favorite song on a vivid, room-filling speaker, it simply changes the entire listening experience.

SONOS is an industry leader in home speakers, bar none.

The Bottom Line

Saving, investing, and living below your means will always be the fundamental tenets of financial success. However, at some point, people realize that squirreling away every penny isn’t sustainable either. It’s just not how they want to live. 

The key here is moderation. I’m not saying you should get out and buy a range rover (although I love Range Rovers)

What I am saying is that your money is a tool, not a means to an end. We all work very hard for our money and sometimes we should use it to make ourselves, our family, or our loved ones a little more comfortable or happier. That’s not a bad thing.

After all, we do only live once.

What is important to you and things do you like to spend money on?

Comment below and let the Real World Personal Finance audience know!


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