Not everyone is fortunate enough to have money left over after satisfying their needs.

But, if you are able to save some extra money, there are a number of meaningful ways you can spend that cash to help yourself and others.

For a lot of people, extra money ends up in one of two categories: unnecessary spending or low-interest savings. In either case, you’re likely not making the most of your extra income.

Let’s take a look at a few ways you can meaningfully spend your leftover money to the benefit of yourself and the people around you.


Never went to college? Interested in pursuing a different field than the one you studied originally?

Education is always a worthwhile investment. Whether you’re thinking about switching careers or you simply want to learn something new, investing in your education is a great way to grow as a professional and a person.

You don’t have to commit yourself to being a full-time student. You don’t even have to necessarily pursue a new degree.

If you’re worried about not having the time to dedicate yourself to your education, there are a number of respectable online institutions to choose from. Online schools offer a variety of degree programs that are very flexible and affordable.

If you can spare the extra cash, investing in higher education is a fantastic option.


Ever wanted to be your own boss?

If so, consider using your extra money to pursue your own business ideas.

You don’t have to quit your job, either. You can always invest in starting a small, part-time business to supplement your primary income.

Starting your own small business can be a great way to increase your annual income and gain satisfaction from bringing your own ideas to life.


It’s never too early or too late to start saving for retirement.

No one likes worrying about money — especially when they’re at an age in which work is not an option.

Investing in your retirement now, no matter how much or how little you can contribute, will help you live comfortably in your later years.

Fortunately, planning for retirement isn’t hard to do.

Perhaps the easiest and most common way to invest in retirement is through your employer. Ask about your employer’s 401(k) plan.

Traditional employer 401(k) plans will allow you to contribute pre-tax earnings to your retirement fund. Even better, many employers offer to match your contributions. You could essentially add thousands of dollars to your retirement fund for free.

Plan for retirement now and thank yourself in the future.


Donating to charity is always a great idea. It may not do much to increase your own income or quality of life, but a small donation can go a long way to help others.

Consider setting up a recurring donation to a cause you’re passionate about. If volunteering your time isn’t an option, donating to charity is a great way to support people in need across the United States and around the world.

On top of the humanitarian advantages, donating to charity might make you eligible for certain tax deductions with the IRS.

Friends & Family

Lastly, you should consider using your additional income to help the people that you are closest to.

Your friends and family may not be doing as well as you, financially. However, it can be difficult for people to ask for help when they need it.

Be careful to not be offensive or condescending, but make sure that your friends and family are aware that you can offer financial help if they need it.

Giving or loaning money to those you love can help make sure they are able to maintain a good quality of life even if they aren’t as fortunate as you.

There are a number of ways you can meaningfully invest your spare income. Consider these tips to help you figure out how you should spend your extra money in a way that can benefit yourself as well as others.