Whether it was from boredom or stress, last year will filled with impulse purchases. It was definitely fun while it lasted but not something I want to replicate going forward. This year I’ll be spending money, but not as much on handbags. Over the next few months, I’ll be investing in things that enhance other areas of me and my families lives. If you’re looking to splurge other ways, here are some things to consider:
Professional Development: There’s always room to grow in your career, no matter how far up the ladder you’ve made it. Consider virtual conferences, continuing education, or certifications that will boost your resume and set you up for future career pivots. Before making the purchase, reach out to your HR department to see if the cost of any of these opportunities might be covered as part of your benefits.
Community Involvement: As a member of some reputable service organizations, I’ve seen first-hand how much good your time and monetary donations can do for the local community. You can choose to join such groups, thereby paying annual membership dues in addition to your service, or find organizations that you want to make donations to. Whichever you choose, research groups in your city that have civic engagement as the cornerstone of its membership and experience the pure bliss that only service can give!
Investments: Your portfolio can range from real estate, to stocks, or a 529 account for your children. Overall, the goal of your investing is to make your money work for you, preferably while you sleep.
Experiences: Of course travel is limited, but high-quality experiences extend far beyond a trip to Italy. Especially as we’ve moved to virtual events, you may now have access to more experiences than ever before! Check out events being hosted by your local museums, cultural communities, spiritual groups, or people and brands. Capitalize on the chance to learn and experience something new, right from the comfort of your home (for now).
Don’t fall into the trap of trying to keep up with the Joneses and neglect all of the other purchases that create lasting change in your life.