Posted by Everyone’s favourite time of the month is always the last few days because that’s when everyone gets paid. It feels rewarding to receive a salary for all the hard work you’ve put into throughout the whole month. Some people use their paycheck to pamper themselves whereas some may use it as a downpayment for a rental or car and some just prefer to keep it in the bank. The way one spends their first paycheck depends on what lifestyle they have and what goals they want to achieve. Here are a few ways you should spend your paycheck for both fun and practical people.
1. Trying New Restaurants
If your favourite food is sushi and you haven’t been able to visit any new sushi restaurants because you’ve been so caught up with work, then maybe you should consider visiting one after receiving your paycheck. This is the perfect opportunity for you to try new places and also to give yourself some very much-needed TLC. Allowing yourself to enjoy your favourite food can benefit you by relieving stress and mood.
2. Shopping
Remember when you were eyeing that nice pair of shoes but couldn’t bear to buy them before your paycheck came in? Well, now you can. It doesn’t have to be materialistic items. It can be anything from buying your beloved pets new toys or even splurging on a designer handbag for yourself. There’s no right or wrong way on how to shop. Just buy anything that makes you happy and content.
Related: Budgeting 101: How To Start Budgeting The Easiest Way!
3. Paying Rent
A part of being employed is having the responsibility over yourself as you are now an adult. Whether you’re staying on your own or with your parents, never forget to pay your monthly dues be it utility bills or rent. If you’ve taken any student loans, be mindful that you need to pay them back.
4. Upgrading Devices
We live in a world where electronic devices such as phones and laptops are rapidly changing in order to meet consumers’ needs. Forget about heavy, bulky phones that you used to carry around because now, phones are nearly weightless. If buying the latest phone model makes your life easier, you can opt to upgrade your devices. Some retailers allow you to pay in installments in case you can’t afford to drop a big sum of money at one time.
5. Booking Holidays
Being a full-time student and not earning an income made it hard for most people to go out with friends. If you and your friends have been talking about going for that short weekend getaway, this may be the perfect time for you to use your paycheck.