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Eleven things it’s worth spending money on

We usually focus on all the ways to save money, but the reality is, sometimes it’s worth splashing out. Here are eleven things that it’s worth spending your money on.

Your health

Skimping on things like doctor’s appointments and eye checks can be a false economy. Stay on top of your appointments so that you can tackle problems before they turn into serious or expensive issues.

Your retirement savings

You may regret any budgeting that removes your ability to save for retirement. You should at least contribute as much to your retirement savings account as your employer – and, if you’re in KiwiSaver, the Government – will match.

The money you put into retirement savings now will have years to compound and could grow to a much bigger nest egg when you get to the point where you need it.

Your car

You don’t need to buy a flash car, but if you opt for a cheap vehicle, make sure you factor in how much it’ll cost you to run. A cheap car might be easier on your savings account when you buy, it but can end up much more expensive over the long run. Also, if your car is starting to suck up a lot of money in maintenance costs, it might be time to look at upgrading.


Sometimes it’s worth spending a bit more to make travel run more smoothly. When you’re booking your flights, an eight-hour stopover in a random airport to save $200 might not seem so bad. In the moment, though, it’s a different story.

Shoes and clothes

“Fast fashion” is all the rage right now, with mass-produced inexpensive clothing piling up on retailer shelves. But sometimes, spending a bit more can be a better idea. If you spend twice as much for shoes that last three years than you would for a pair that last six months, you’ll come out better off. The same applies to things such as a great coat or suit.

Your mortgage

The more money you can put towards your mortgage now, the more money you can save over time. Increase your repayments to the highest level that fits in your budget – “future you” will thank you for it.

Dental care

It can be expensive but putting it off dental care can end up being even pricier. Get an annual dental check-up so you can get things sorted before they can become big ordeals.


Upskilling, whether that’s with a degree for a first career, adding to skills you already have or picking up new ones for a change of direction, can really pay off by boosting your ability to earn money.

Make sure you choose education from reputable institutions that will land you a step closer to where you need to be – not just expensive courses for the sake of it.

Services that save time

It can seem like a luxury to pay someone to do your cleaning, gardening or home maintenance. But if it frees you up to do other income-earning work, you might end up better off.

If your hourly rate is greater than that charged by the people offering the service, you could benefit from outsourcing your tasks to others. Even if it’s not, you may decide that the boost to your lifestyle is worth the investment.

Work tools

Don’t scrimp on the tools you need to earn a living. If you rely on a laptop or camera, for example, ensure that you have reliable models that will deliver the results you need every time.

And of course, insurance

Money spent on the right level of the right insurance is money well spent. It can help you pay for expensive treatments and even take care of your loved ones when you’re not there to do it yourself.

If you’d like to make the most of your insurance spending and ensure you’re maximising value for money, please get in touch. We’ll be happy to walk you through your options.

Disclaimer: Please note that the content provided in this article is intended as an overview and as general information only. While care is taken to ensure accuracy and reliability, the information provided is subject to continuous change and may not reflect current development or address your situation. Before making any decisions based on the information provided in this article, please use your discretion and seek independent guidance.

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