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20 great ways to spend £20

Posted on 17 July 2016

More spare cash is a welcome happiness boost

How much ‘spare’ cash do we really have (left over after taking care of household outgoings and living costs), and how does this cash actually affect our happiness?

That’s what our Cash Happy report set out to uncover and the answer could put a smile on your face…

While UK household income has only increased a little since last year, the amount of spare cash in our pockets has gone up by almost a quarter. That’s at an extra £20 per household every week – a welcome boost to our happiness levels!

man-looking-at-loose-change

So how could you spend your spare £20 a week?

Would you spend it or put it to work for you? Why not do a bit of both, like this…


Week 1 – Put it into a ‘just in case’ fund to help with unexpected expenses

Week 2 - Save for the future

Week 3 – Pay a life insurance premium to protect the family if the worst happened

Final week of the month – Splurge it on a 100% guilt free treat!

Or what would you spend it on to boost your feel-good factor?

Here are 20 suggestions to inspire you

Why not share yours?

 

  1. Buy yourself a big bunch of flowers
  2. Donate a food parcel to a food bank and support people across the UK living in poverty
  3. Spoil someone special with an unexpected gift, just because…

     

    man-giving-a-surprise-present
  4. Buy something you really want but can never justify… like a Star Wars USB stick or a lava lamp…
  5. Eat 1155 Smarties – that’s 33 tubes-worth

     

    smarties
  6. Tackle the heights of a climbing wall
  7. Send 1000 texts with a pay as you go deal
  8. Cheer up your garden or a window sill with some new plants

     

    flower-box
  9. Carry out a few random acts of kindness - pay someone’s parking, buy a stranger a coffee, give sandwiches out to the homeless
  10. Buy a pot and plant some herbs in your kitchen
  11. Sponsor a friend’s charitable endeavours

     

    a-helping-hand-to-climb-over-an-obstacle
  12. Make a picnic for a day out with the family
  13. Adopt a dinosaur for a year and support the Natural History Museum. Perfect for small prehistorians everywhere
  14. Buy doughnuts or some other yummy treats to share with your workmates

     

    a-pile-of-donuts
  15. Take a trip to the cinema and munch on a vat of popcorn
  16. Enjoy fish and chips for 4… ideally by the sea
  17. Sign up for a charity race
  18. Buy a toilet – Support Oxfam’s Water for all project and help prevent the spread of disease in impoverished communities around the world
  19. Go bowling and get competitive

     

    4-people-ten-pin-bowling
  20. Hire a fancy dress costume and run through the streets dressed as Batman…

Never forget to have fun

There are plenty of sensible things to do with a £20 like savings and life insurance insurance but sometimes it really is best to just do something for the sheer fun of it. It’ll cheer you up no end. And the best thing about an extra £20 spare cash a week? There’s no excuse not to do a bit of both.

If you enjoyed this good news story, you may also like our articles on The cost of happiness in the UK today and How we Brits manage our money.

SunLife offers a range of straightforward and affordable products including over 50s life insurance, funeral plans, life insurance, equity release, pet insurance, home insurance, car insurance, ISAs and Will writing services.

Here's the information that you need to know about who we are and the other companies that we work with in order to provide our products and services.

Who are SunLife? 

Phoenix Life Limited trades as SunLife and is the provider of the Guaranteed Over 50 Plan, SunLife Insurance and the life insurance policy payment option for Funeral Plans. Phoenix Life Limited’s registered office is at 1 Wythall Green Way, Wythall, Birmingham, B47 6WG (registered in England, no. 1016269). Phoenix Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority and is entered on the Financial Services Register (registration no. 110418). As part of SunLife’s commitment to quality service and security, telephone calls may be recorded.

SunLife Limited distributes financial products and services and is a company limited by shares, registered office: 1 Wythall Green Way, Wythall, Birmingham, B47 6WG (registered in England, no. 05460862). SunLife Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (registration no. 769427).

You can contact us by post at SunLife, PO Box 1395, Peterborough, PE2 2TR or by phone on 0800 008 6060.

If you choose to add Funeral Benefit Option to your Guaranteed Over 50 Plan the funeral services are arranged and provided by Dignity Funerals Limited. Dignity Funerals Limited is a company registered in England and Wales No. 00041598. VAT registered No. 486 6081 14. 4 King Edwards Court, King Edwards Square, Sutton Coldfield, West Midlands, B73 6AP. Telephone No. 0121 354 1557. Fax No. 0121 355 808. Part of Dignity plc. A British Company. Dignity is not authorised or regulated for this activity by the Financial Conduct Authority or the Prudential Regulation Authority but is a member of the National Association of Funeral Directors.

Who provides the Funeral Plans?

The funeral services are arranged and provided by Dignity Funerals Ltd which is not authorised or regulated for this activity by the Financial Conduct Authority or the Prudential Regulation Authority but is a member of the National Association of Funeral Directors.

The life insurance policy that pays for your funeral will be provided by Phoenix Life Limited, trading as SunLife.

Who provides My Smarter (ISA)?

My Smarter (ISA) is provided by Scottish Friendly Asset Managers Limited. Authorised and regulated by the Financial Conduct Authority. Details can be found on the Financial Services register, registration No. 188832. Member of The Investment Association. Registered Office: Scottish Friendly House, 16 Blythswood Square, Glasgow G2 4HJ.

Who provides the Will writing services?

Hugh James is authorised and regulated by the Solicitors Regulation Authority (SRA Number:303202).

The information contained on this website is based on Hugh James' understanding of the law of intestacy in England and Wales only as at April 2014. The law in Scotland and Northern Ireland is significantly different. This is for information purposes and is not intended to be legal advice.

Who provides Family Life Insurance?

SunLife Family Life Insurance is provided by Scottish Friendly Assurance Society Limited which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Details can be found on the Financial Services register (registration number 110002). Registered Office: Scottish Friendly House, 16 Blythswood Square, Glasgow G2 4HJ. 

Who provides SunLife Pet Insurance

SunLife Pet Insurance is arranged and administered by BDML Connect Limited. BDML Connect Limited is authorised and regulated by the Financial Conduct Authority (No. 309140). Registered in England and Wales Number 02785540. Registered Office: 45 Westerham Road, Bessels Green, Sevenoaks, Kent, TN13 2QB.

Who provides SunLife Home Insurance

SunLife Home Insurance is arranged and administered by BISL Limited and underwritten by a panel of insurers. BISL Limited are an intermediary authorised and regulated by the Financial Conduct Authority. Registered in England no. 03231094. Registered office Pegasus House, Bakewell Road, Orton Southgate, Peterborough PE2 6YS.

Who provides SunLife Car Insurance

SunLife Car Insurance is arranged and administered by BISL Limited and underwritten by a panel of insurers. BISL Limited are an intermediary authorised and regulated by the Financial Conduct Authority. Registered in England no. 03231094. Registered office Pegasus House, Bakewell Road, Orton Southgate, Peterborough PE2 6YS.