Did you find $100 in your pocket but are confused about how to spend it? If so, luckily, you've come to the right place. Here you can find various suggestions from the experts about how to spend your extra money wisely. Are you curious to know? So, without beating around the bush, let's directly jump into the expert's advice.
Pay Credit Card Debts Or Other Unsecured Debts
This is one of the famous pieces of advice from Mark Cuban, a renowned investor, owner of Shark Tank, and a man that holds a stake in over 56 companies. He says to spend $100 in clearing the credit card debts as it resolves the burden in the future. However, it's not a fancy choice; it will surely benefit you. If you clear off the credit card bills, you can save yourself from interest rates.
Though it doesn't seem like a massive relief, it will make your life but comfortable. The debt may seem small and unimportant but interest accumulates and at 10%-12% interest rates on the average credit card, you are basically throwing your money away. Pay down your credit cards, even a hundred dollars, will make a dent in your debt that will go much further than you anticipated.
This is one of the famous pieces of advice from Mark Cuban, a renowned investor, owner of Shark Tank, and a man that holds a stake in over 56 companies. He says to spend $100 in clearing the credit card debts as it resolves the burden in the future. However, it's not a fancy choice; it will surely benefit you. If you clear off the credit card bills, you can save yourself from interest rates.
Though it doesn't seem like a massive relief, it will make your life but comfortable. The debt may seem small and unimportant but interest accumulates and at 10%-12% interest rates on the average credit card, you are basically throwing your money away. Pay down your credit cards, even a hundred dollars, will make a dent in your debt that will go much further than you anticipated.
Give Priority To Self Education
The above statement is the famous advice from the well-renowned author, Dave Ramsey, who authored a million-dollar book called "How Rich People Think." Everyone knows that rich people read books. However, the books read by them are not novels or stories. These books help to build their success in this competitive world. Whenever you get $100, it's better to invest in yourself than spending on the least priority things.
The above statement is the famous advice from the well-renowned author, Dave Ramsey, who authored a million-dollar book called "How Rich People Think." Everyone knows that rich people read books. However, the books read by them are not novels or stories. These books help to build their success in this competitive world. Whenever you get $100, it's better to invest in yourself than spending on the least priority things.
Give It Away
We hope you might be thinking about the investments for a second. Well, if so, then let me clarify to you that it's not about the investment. The famous American financial personality, businessman, and author of "Total Money Makeover" says to give away the money if you're left with extra bucks. It might be the symbol of goodness, loyalty, or gratitude. Giving money to the needy makes your heart feel satisfied and gives you a robust motivation to earn more.
We hope you might be thinking about the investments for a second. Well, if so, then let me clarify to you that it's not about the investment. The famous American financial personality, businessman, and author of "Total Money Makeover" says to give away the money if you're left with extra bucks. It might be the symbol of goodness, loyalty, or gratitude. Giving money to the needy makes your heart feel satisfied and gives you a robust motivation to earn more.
Spend For Yourself
If you find yourself with an extra $100, why don't you spend it for yourself? Several people spend money wisely, such as investing in stocks, bonds, deposits in banks, spending on books, etc. But Tom & Denna say that treating yourself is one of the best things to do.
One day forget about the investments, finances, and other issues. Instead, think about how you'd like to spend those $100. You can spend a meal in a brand new hotel or 5-star hotel. Or else, spend time with your family at the cinema, parks, or treat yourself in a bakery with a few chips and pancakes. Whether you hold $100 or $1000, make sure you spend for yourself even apart from investments and saving them.
Keep It
The famous writer, Mark Spitznagel, who authored "Dao Of The Capital," says that there isn't any condition to spend money compulsorily. It's one of the best things that you can do if you hold a few additional dollars. Instead of thinking about what to do, just keep those dollars to yourself. It would be best if you don't force yourself to spend extra money. Whenever it's essential to spend, you can use them. It's better to wait for the right time rather than rushing to buy unnecessary products.
These are a few pieces of advice from the experts on how to spend your extra bucks. Whether you spend $100 for personal development, investments, or luxuries, make sure to be patient and wait for the right time to utilize them
If you find yourself with an extra $100, why don't you spend it for yourself? Several people spend money wisely, such as investing in stocks, bonds, deposits in banks, spending on books, etc. But Tom & Denna say that treating yourself is one of the best things to do.
One day forget about the investments, finances, and other issues. Instead, think about how you'd like to spend those $100. You can spend a meal in a brand new hotel or 5-star hotel. Or else, spend time with your family at the cinema, parks, or treat yourself in a bakery with a few chips and pancakes. Whether you hold $100 or $1000, make sure you spend for yourself even apart from investments and saving them.
Keep It
The famous writer, Mark Spitznagel, who authored "Dao Of The Capital," says that there isn't any condition to spend money compulsorily. It's one of the best things that you can do if you hold a few additional dollars. Instead of thinking about what to do, just keep those dollars to yourself. It would be best if you don't force yourself to spend extra money. Whenever it's essential to spend, you can use them. It's better to wait for the right time rather than rushing to buy unnecessary products.
These are a few pieces of advice from the experts on how to spend your extra bucks. Whether you spend $100 for personal development, investments, or luxuries, make sure to be patient and wait for the right time to utilize them