The Best $100 Frugal People Look Forward To Spending Every Year
Can saying bye to a Benjamin actually give you peace of mind?
Even if you're a thrifty person, you know that every once in a while, you still have to spend some money. For frugal people, every dollar counts, so spending $100 is a considered purchase intended to wring maximum value out of the expenditure.
Here's our list of the best $100 that frugal people can spend on an annual basis. Check it out.
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Costco Membership
You might be a single person or living with your family of five. Whatever your household number might be, you can stay frugal by getting a Costco Membership for grocery shopping and everyday goods purchased in bulk. The best part? It's only $65, so you can use the other $35 on what you put in your shopping cart.
"For many frugal shoppers, that expense is a small price to pay for the range of deals it opens up on both everyday items like groceries and larger purchases like hot tubs or gazebos for those tackling a yard renovation," said Sarah Maitre, the founder of Financial Planner.
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Preventative Home Care
Instead of spending $100 to fix or repair a problem around the home, frugal people use that $100 to prevent accidents from occurring and money going down the drain.
"Truly frugal people don't avoid spending entirely — they spend small amounts to prevent bigger losses," said Scott Oosterhouse, founder of Every Dollar Grows, who noted that about $100 invested in simple home efficiency fixes, such as sealing drafts or upgrading high-use fixtures, can reduce ongoing utility costs year after year.
"Many also use that amount on basic financial organization tools because visibility into spending often prevents far more than $100 in waste," Oosterhouse said.
Financial and Legal Review
There's a lot of paperwork in life, with plenty tied to your money and accounts. You might not have the time or expertise to go over it all, which is why it's the frugal and financially savvy choice to spend $100 on a professional yearly analysis of insurances and legal documents.
"It usually costs at least $100 to update such documents, have them notarized and get a simple legal review of a will, beneficiary designations or titles on property," said Seann Malloy, the founder and managing partner at Malloy Law Offices, LLC. "I've watched families dodge months of legal battles and thousands in fees just because someone shelled out [of] pocket to take care of some paperwork."
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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