So you found some crumpled money in the pocket of an old coat, or your friend finally paid you back for that pizza from six months ago. You’ve just had a teeny windfall! Since it’s feeling like BONUS MONEY, it may start to burn a hole in your pocket.
But if you take a big, deep breath before you spend, you may think of a better way to put that $20 to good use…
No, really. You know you should be putting more money into savings — now’s a great time to do it. Skip right over your regular bank account, and tuck this money straight into your savings account. Why? If it’s in the pot of money you typically spend from, it’ll call to you like a siren, luring you to your inevitable shopping doom. So chuck it into savings and FORGET IT EXISTS.
Use it to make more money
Buy a dot com to host your blog or résumé. Spend it to advertise your blog, Facebook page, or Etsy shop. Invest in a personal finance book that will help you build a better financial life in the future. Buy a premium account with one of those money managing websites. If there’s something you can do with your $20 that will mean more money down the road, that’s money well-spent.
Tool it up
Give it away
Do it for the butterflies, man. Whether you give your money to a person in need, a cause you believe in, or just to support something you love, there just isn’t a monetary value on the emotional and universal rewards.
Spending a small sum of unaccounted-for money on something that’s absolutely pure luxury is perfectly valid and OKAY. Since we’re talking about money that you didn’t expect to have and at an amount that’s not life changing, there’s no reason to feel guilt about spending it on something you’d otherwise consider silly, frivolous, indulgent or otherwise splurgey! There’s value in treating yo self!
What are your favorite things to do with surprise pocket money?