Three Great Ways to Put Your “Dry January” Savings to Use
Did you do Dry January this year? It’s a month of not drinking any alcohol, not eating out, and not splurging. If you stayed committed to Dry January, you’re bound to have quite a bit of money saved up. Here are five ways you can put your Dry January savings to good use.
Pay down debt: Probably not the most fun tip, but hey, if you’re able to pay down your car loan, mortgages, credit cards, or student loans, isn’t that great? When it comes to paying down debt, every little bit counts. It’s also perfect if you swiped your credit cards like they were going out of style during the holiday season.
Donate to a cause you believe in: Sometimes it’s important to take a step back and see how your money can impact someone’s day or life positively. Donating funds to causes might look a little different for everyone. You can choose to help your local food shelters, pay for the labor of an activist you admire, or volunteer funds to an animal shelter. Or you could go the other route and donate to a registered 501(c)(3) non-profit organization. This allows you to write off the donation as a charity.
Do a self-care splurge: It might seem counterintuitive to indulge in something with the money you saved from not indulging during Dry January. Don’t worry. Self-care is different from willingly battering your liver. When you spend money on something that contributes to your health, well-being, and happiness, it makes you stronger and better equipped to show up for yourself and other people. List out your favorite self-care activities – applying at home face masks, journaling, checking out a fitness boutique class, etc., are a few examples. Figure out how much you need and go for it.