It seems counter-intuitive, but frugality doesn’t always necessarily mean clutching your wallet with a vise grip and refusing to spend on non-essentials. Sometimes spending a little more doesn’t just make your life easier: it can save you money in the long run.
CNBC detailed ten ways that you can actually save money (or earn more in the long run) by spending. You’ll have to click through to see the rest, but here are five that we like.
- Hiring help. If you earn more than a dog walker or housecleaner would, it might be worth your time to spend more time at the office and leave mundane tasks to pros.
- Invest in good quality career wear. Looking crisp and professional is good for your career, which of course is good for your finances.
- How do your business cards look? If your employer doesn’t provide them or if you’re self-employed, professional-looking cards could help you get more work.
- Refinance your mortgage. If you own a house, consider refinancing – some legwork now can lead to huge interest savings.
- Don’t skimp on fun. Buying the very worst seats at an event or the cheapest travel or accommodations on vacation can be a false economy that leads to inconveniences and annoyed family members.