6 expensive things that are totally worth the money
- Money priorities differ from person to person, depending on what you value.
- There are some things, like a college education, that cost a lot of money but can give you a great return on investment through your salary later on.
- Here are six pricey things, from a financial expert, that are well worth the money.
We all like to be - or at the very least try to be - smart with our money. But that doesn't always mean choosing the least expensive option. In fact, sometimes the pricier item or experience can be the one that is most worth your hard-earned cash, while the cheapest can be the biggest waste."Most of us spend money on things we don't really care about at the expense of the things we do without even realizing it," Stefanie O'Connell, financial expert and author of "The Broke and Beautiful Life," told Business Insider. "So step one is defining your priorities, then tracking your spending (an app or a simple pen and paper works) to see if you're actually spending in alignment with those priorities, and making adjustments as needed."
You should also weigh the added value something can bring to your life. "Before spending a lot of money on an item or service, it may be good to understand what value it brings to you," Roger Ma, certified financial planner and founder of Life Laid Out, told Business Insider. "Does it help you save time or help you avoid doing something you don't enjoy, does it make you feel more confident, or will the experience be something you remember for a long time?"
Here are six expensive things, from financial experts Ma and O'Connell, that are completely worth the money.