Last Thursday, it was Bonfire Night here in the UK. Fireworks have been going off most nights over the past week. It won’t be long before people will be letting them off on New Year’s Eve.

I’ve always liked fireworks, but I do wonder if we could spend our money in better ways – both personally and collectively.

For example, do we consider our family firework displays as quite literally burning money?

And I think of the thousands of pounds that must be spent on the New Year’s Eve fireworks display in London and other large cities. Every single year, more money burnt for a few minutes of collective enjoyment.

As I say, I enjoy fireworks, but they are a very short lived pleasure. We always seem to have the money for them.

Yet, we don’t always seem to have the money to help the homeless, the poor and families who can’t afford school meals?

I don’t think the problem is a lack of financial resources, like we’re led to believe. I think the problem is a lack of will and desire to invest in the poor and those in need.

How many ‘free’ school meals could the New Year’s Eve fireworks display pay for?

How many homeless people (and the charities that support them) could we help with that same money?

The next time I go to spend my money on something that will give me fleeting, short lived enjoyment, I will be thinking of the long term impact that my money could have on someone else’s life.

How will you invest your money this coming New Year?