Saving money seems to be more important these days. Investment returns and wage growth are not likely to be as strong as they have been in the past.
But, some people might find it quite depressing if they’re trying to save as much money as possible. A budget can help but doing most things enjoyable still tend to cost money.
I think it’s possible to have a lot of fun whilst saving money at the same time:
Australians spend a lot of money with Qantas Airways Limited (ASX: QAN), Virgin Australia Holdings Ltd (ASX: VAH), Flight Centre Travel Group Ltd (ASX: FLT) and Webjet Limited (ASX: WEB). Leaving the country is expensive because of how far away any other country is from us.
But, Australia has some of the best rated beaches in the world, and some of the best weather, why leave? If you’re a bit tight on cash but still want to holiday, everything you desire could be in Australia, even in your state. Looking at top rated attractions on TripAdvisor could give you plenty of ideas on what to do and where to go.
Host at home
Having dinner out is certainly fun, but it can also be expensive, particularly at an upmarket place. Showing off your culinary skills at home could be the way to spend time with your friends or your partner instead.
There are plenty of recipe choices out there that you could consider. Indeed, there are some businesses like Marley Spoon AG (ASX: MMM) designed to deliver the ingredients to your door for quite fancy meals.
Movie night at home
A movie ticket at a Village Roadshow Ltd (ASX: VRL) cinema isn’t the most expensive thing in the world, but it adds up when you include the whole family plus any snacks you want to eat.
Considering you can get a whole month’s worth of viewing content from a subscription like Stan (owned by Nine Entertainment Co Holdings Ltd (ASX: NEC)) or Netflix for $10, you could have a weekly movie night for a much cheaper cost.
The more you can save of your disposable income (whilst still having fun) the more you can put towards investments for the long-term.
What I’m thinking of specifically is quality ASX shares like these that could be used to fund your future entertainment spending with the growing dividends.
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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Flight Centre Travel Group Limited. The Motley Fool Australia has recommended Nine Entertainment Co. Holdings Limited and Webjet Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2019