What would you buy with an extra $ 695?

What would you buy with an extra $ 695? -

Lauren Mandel

If you had $ 695 to spend everything you wanted, what would you choose?

The Obamacare fine to go uninsured in 2016 is $ 695, which is above the medical expenses out-of-pocket, you may suffer for not having coverage. Rather than return $ 695 to the government to go uninsured, enroll in coverage and use $ 695 for something you really want or need.

I do not know what to do with these savings? We have some ideas that range from creativity and fun of necessary and practical.

Learn to speak French (or Italian or Spanish or German)

Cost: $ 500

If culture is what you are after, say "yes" to learning french. For $ 500 (or even less often), you can download Rosetta Stone lessons in your desired language. You learn at your own pace, and you can even give up to five family members have access to lessons, too.

Take the yoga

Cost: $ 479 for three months

We are always stressing the importance of giving priority to your health. What better way to do that this winter by practicing yoga? By getting health insurance and avoid the tax penalty, you can use that $ 695 for the purchase of three full months of yoga classes.

Adopt a puppy

Cost: $ 425

looking for your new best friend? Go to your local animal shelter where you can meet the puppies and dogs available for adoption. Most adoption expenses include things like visits to welfare and vaccines, and the costs are often much cheaper than $ 425.

Take a cruise

Cost: $ 449 for a 7-day cruise

We all need a break from reality every once in a while, and there's no better way to take that break on the opening seas. Cruises are an easy, all-inclusive way to take much needed vacations, view several places at once, and reduce costs. You'll even have some money left for excursions and cruising extras.

Save for retirement

Cost: $ 695

instead of using to pay the tax penalty, put that $ 695 away for your golden years. You contribute more money to your 401k, or you open a Roth IRA to avoid taxes on these funds, you will feel much more comfortable knowing that money is saved for your retirement.

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