Did you save an extra € 100 at the end of the month? Very well! Now instead of spending them on anything, first read our suggestions on things where you can apply that money responsibly and intelligently.
For you, who intend to invest responsibly the money you have saved, we have put together some suggestions to apply and monetize your money better.
Still, a lot of people think it’s mandatory to have lots of money to start making investments, but that’s not true. You can invest as little as € 100, for example, on the stock exchange.
There are many small investors who invest only € 100, € 200, or € 500 to buy stocks. But investments need not be on the stock exchange. Have you thought about Savings Certificates or Term Deposits?
Extra money channeled to your emergency fund is always money well spent. An enhancement of your emergency fund can make all the difference in case you face an unforeseen situation like an illness, accident or breakdown of the car or appliances.
If you have credits, why not use the extra $ 100 you were able to save to make amortizations and reduce the payment time of a credit?
Starting a fund by objectives
With “background by objectives” we refer to those dreams or goals that we all have, but that we leave to the background when life is in charge of giving us greater challenges.
Have you ever dreamed of spending two weeks in the Maldives? Why not take advantage of your € 100 plus to start a fund to accomplish this great goal? How about every month trying to always save at least another € 100 to put on the “Maldives bottom”? Traveling is always a good investment, whether it is to rest and enjoy a well-deserved vacation, or to be inebriated by the culture of another country that you do not yet know.
Investing in Home Remedies
How often does something go wrong at home, and in that month we don’t have money to arrange? How about anticipating this need and investing in small improvements in your home? In addition to preventing breakdowns and wear and tear, it improves the quality of life and the value of the property itself (in the case of home ownership).
Buying in quantity for the house
If you suddenly see yourself at the end of the month with another € 100 in your account, it’s a good idea to also take advantage of the budget slack to go to the supermarket to stock up on the items you need in larger quantities.
Enjoy high discounts (on the order of 50% or higher) of products with no shelf life and buy them in quantity without hesitation! You can even buy exactly the number of copies you would consume in a given product year (eg toothpaste, shower gel, napkins, etc.).
The current savings are achieved through the purchase in quantity and the postponement of the purchase of expensive products until the appearance of an attractive discount.
Invest in energy saving lamps
There is no doubt: this type of lighting, unlike what happens with the more traditional one brings you great ecological and economic advantages. Even for the energy certification of your property itself, it is a choice that can benefit you greatly.
Health care expenses are not easy to bear when we are not ready for them, but if you have any money left over at the end of the month, you will be making a great investment in your health and quality of life if you decide to spend it at a checkup
Investing in you and your career and personal development
Ever wanted to learn Photography or do you want to change your career and work, for example, in Digital Marketing? Do you have a blog that you want to learn how to monetize and are you thinking about doing a workshop in the area? All these options and any one that involves betting on you, your culture and your training are excellent ways to spend your extra money!