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7 times you're better off spending than saving

Business Insider Logo By Tanza Loudenback of Business Insider | Slide 1 of 8: 
  
    
    Saving money is important, but there are times when it's
    necessary to spend.
  
  You shouldn't cut corners when it comes to 
    spending money on things that improve your health,
    happiness, or financial situation.
  
  
    Read
    more personal finance coverage.
  

  Money is a utility that, in its best form, is meant to improve
  our lives.

  As such, there are a few times where a product, service, or
  experience is worth the additional cost (as long as you're not
  slipping into credit-card
  debt because of it). 

  For example, you're better off spending money on a 
  life insurance policy to protect your family than not having
  one at all; 
  paying a professional for help with your money if you're
  paralyzed by indecision; and yes, 
  buying the latte if it's something you enjoy and it doesn't
  distract from your other goals.

  Here are seven times you're better off spending than saving:

7 times you're better off spending than saving

Money is a utility that, in its best form, is meant to improve our lives.

As such, there are a few times where a product, service, or experience is worth the additional cost (as long as you're not slipping into credit-card debt because of it).

For example, you're better off spending money on a life insurance policy to protect your family than not having one at all; paying a professional for help with your money if you're paralyzed by indecision; and yes, buying the latte if it's something you enjoy and it doesn't distract from your other goals.

Here are seven times you're better off spending than saving:

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