There are many ways to celebrate the new year if you have excess cash. If you own a company, consider giving the employees a bonus. If you are the sole owner of the money, then here are a few suggestions:
Buy a House
This is a no-brainer: if you have cash left over after paying for food, rent, utilities, and other necessities, then buying a place to live would be a cost-effective measure on your part. This way, even if an emergency happens, you and your family still have a roof over your head. If you still have cash left over, help a family member or friend out with their dream home, as well!
Throw a Party
Go all out and throw the best party of the year using cash! If you are throwing the party at your home, there are many restaurants that can deliver, but catering companies would be ideal. You can also bring in an event management company to decorate the hall as per the theme you choose.
Go on a Cruise
There are many ship cruises available to choose from. Why not take advantage of your excess funds and go for the change in pace? It will relax you and energize you once you’re back at your office desk. You can choose a themed river cruise, as it is both educational and provides you a memorable experience. For example, if you’ve always wanted to learn how to paint, Uniworld, voted the world’s best, runs floating art workshops with its own art instructor. It was voted in by Travel + Leisure Magazine in 2016. The sketch material is free, and classes fill up fast.
Invest in Mutual Funds
Why not invest in a share of mutual funds? It is different than investing in stocks in that it does not give its holders any voting rights. However, a share of mutual funds means that you have invested in many different stocks. Due to the volume of buying and selling of mutual funds have lower transaction costs, and you are able to diversify without paying the many commission charges. If you really have a lot of excess money, why not set up a trust fund for a loved one, as well?
Fund a Wedding
Many couples out there would love to have the wedding of their dreams but are financially strapped and thus unable to do so. Why not find out from the local church, mosque, or synagogue whether couples need help getting married. This goodwill gesture will go a long way with people of that religious affiliation.
Give to Charity
There are multiple charities to choose from if you decide to give your excess money to a good cause. Apart from giving money to research different diseases, there are many wars going on in the world that have left the common man needy and helpless. Do a little research beforehand. According to a 2015 literature survey, 90% of charitable organizations have weak or no positive effect in the cause they claim to benefit.
Exercise with a Trainer
If you are like most other people, going to the gym seems a humongous task. If you have the money, why not hire a trainer to help keep yourself motivated and on the right track towards your health aims?
Summary
Not many people in the nation can claim that they have excess money to play with. If you do, then try to ensure that it is well-spent. Make the most out of it by helping yourself and others – the goodwill you generate will definitely pay off in the long run.
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