2016 might have been a frugal year for you. Whether you were trying to pay off some debts or save for a big purchase, you might be ready to forget your streamlined grocery shop and DIY Christmas and get a little more spendy in 2017. If that’s the case, you’re going to want to think about the purchase that you’re going to make.
After a frugal period, you might be ready to have a little more fun and relax when it comes to your finances. But you’re also going to want to be smart with how you do it. If you’ve saved up for something important, you might already be on track, but if you’re currently considering how to spend the money, hopefully, these hints will help.
First of all, you might be ready to move house. 2016 could have been a year of saving for you, ready to move to a new home in 2017. If so, you might want to think about a few things before you take the leap. After all, you have just saved your heart out, and you want to make sure it’s all worth it. Before you sign up for a new place, think about the location and where you see yourself in five or ten years? Is this a home for children or a home for retirement? Just make sure you ask yourself that before you fall in love with a fireplace, or head over heels for a walk-in!
Buying A Car
2016 might have been a bad car year for you. Whether yours has broken down or you’re ready to upgrade, you might want to think about the kind of investment you’re going to make. If you have just been clearing a bunch of debts, you might be interested in finding an auto loan with bad credit, or you could be looking out for the best deal for your dollar if you’ve spent a long time saving up. Either way, make sure to weigh up your financial situation before you make a commitment.
If you’re a serial shopper, you might have just spent the last year rethinking your choices. It can be tempting to cave to ever new trend, but when you do, you soon end up with a mountain of poor quality choices and a crazy credit card bill as a result. So, you might be thinking about invest in designer products for 2017. If quality is becoming more important to you and you’d rather invest than waste, it could be a good option for you. But remember, you’re going to have to make your purchase count.
Investing In The Future
And finally, you might already know that the next twelve months are going to be all about investing for you. After all, a frugal year followed by a prosperous one sounds like a real bargain to make. Whether you choose to invest in property, so that you have an extra income and somewhere to retire too, or in your children’s education, you need to consider the return that you’ll get and what kind is most important to you.