Inflation has been sticking around and hitting wallets hard. With the price of goods rising, you may be wondering what is worth spending your hard-earned cash on, and what might not be worth the expenditure. Value, much like beauty, is often in the eye of the beholder, so you should always decide what is valuable to you in your situation.
Yes, pets can be costly when you add up the vet bills, food, and accessories. But the joy and happiness that they can bring to your life is immeasurable. To help mitigate some of the risk, look into pet insurance and see if it is a fit for you and your lifestyle.
Financial planners, CPAs, insurance agents are all professionals that have experience and expertise that can save you time, effort and potentially money. Other service providers, such as landscapers, hairdressers, etc. also fall into this category, where you can get your time back and spend it doing what you enjoy while someone with experience handles those tasks for you.
Good Quality Water Bottles
A good quality water bottle can help you stay hydrated during the day and helps to reduce waste. It also keeps your water cold all day long. Investing in a water bottle that will last may save you money in the long run versus spending money each week on disposable water bottles that get trashed or recycled.
A Comfortable Mattress
A good night’s sleep is another invaluable, so it makes sense that having a comfortable, supportive mattress would be a must. As you age, it’s increasingly important to care for body and get enough rest – and a comfortable mattress might help you in that process.
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Smart thermostats are relatively easy to set up and can automate your HVAC systems to set your heating or air conditioning to your preferred temperature. If you’re not home, you can set the smart thermostat higher or lower to save energy, and it can be extra convenient to access it on your phone.
Good Athletic Shoes
Taking care of your feet is important, and a good pair of athletic shoes can keep you on your toes and help you to stay active. Staying active is great for your health, which is an important component to a happy retirement.
If you’re a coffee drinker, having a coffee maker at home can keep you from driving through the local coffee shop. While a coffee maker might be an investment, it is often cheaper than purchasing coffee out frequently.
If you stream television at home or spend a lot of time on the internet, having high-speed internet is likely a good investment. The difference in speeds from various internet tiers from your internet provider can be dramatic, and having the highest speed makes a big difference if you’re a heavy internet user or have multiple devices on the internet at once.
On the topic of tech savvy savings, cloud storage might be useful if you’re someone that takes a multitude of photos and videos. Instead of storing them on a device such as your phone or computer, store them on the cloud so that you can access them from anywhere, easily share them with family if you like, and rest easy knowing that they are secure in the event that your device fails.
With all that’s happening in the world, we all need a break. Experiences and time spent with your loved ones are beyond valuable, and even in times when you’re trying to save money it might be worth prioritizing vacations and looking for a less expensive way to get away.
What purchases have you found worth their value during times of inflation?