7 Ways You’re Wasting Your Money: It’s amazing how we complain about not having enough money. Yet, we’ve all in some form wasted money. We could be doing it now as we speak.
If we just stop once in a while, we might be surprised at what we find. However, to save you some trouble, we’ve provided a list of 7 ways you’re wasting your money.
1. Cable TV
The cable companies continue to play their little game. One has a special rate that’s good for one year. Then they try to rope you into continuing with them. But another company offers a good deal – again for one year. Why do that?
A very affordable and increasingly popular alternative is streaming tv. Companies like Amazon and Google are jumping on the streaming bandwagon to provide TV watching on-the-go, and you can do it on just about any device!
2. Not Using Coupons
Don’t go overboard here. The point we want to make is that food can be expensive. Why pay more for it if you don’t have to?
Check your local paper mailers and your shopper if you have one. Sometimes you can find great deals on some of your favorite foods.
3. Wasting Food
Remember this: “Don’t throw away your food. There are people starving in !”?
Mom was on to something. As kids we didn’t appreciate this – until we started paying for our own food. The fact is, wasted food equals wasted money.
This isn’t about throwing out bad food. No one should save that. But for someone to throw out perfectly good food leaving their unfinished plate is throwing dollar bills in the trash.
4. Memberships and Subscriptions
One of the most notorious money wasters is the gym membership. We start out good. Then we stop going, but then we keep making the payments – wasteful.
Magazine subscriptions can also catch us off guard. If you were benefiting from it in some way, that’s one thing. But most subscriptions end up unread and piling up on your coffee table. Cut it off and save the money.
5. Putting Off a Good Deal
It’s true that you don’t want to rush into a purchase, but delay can be costly. For example, let’s say you saw a great deal on a used car. It either seems too good to be true, or you decide to look around. The next day, the car sells to someone else, and you end up getting a beater for more than you would have paid for the other one.
Being a procrastinator is being a money waster.
6. Not Keeping Up With Your Payments
You go through the monthly drudgery of a car loan with resignation, and then one day you decide to delay the payment into the grace period. But then you forget about it, and before you know it, you’ve incurred a late fee.
This could have been prevented, and should have been, because it’s money you don’t have to spend.
7. Not Living Within Your Means
This often happens when we get jealous of something our neighbor has. We just have to have it. But do you really need it? 99% of the time, we would likely answer no. Enough said. Don’t waste money this way.
Okay, we’re not perfect, but that’s why there are articles like this one. It just takes a little effort on our part to examine where we’re spending our money and being adult enough to say “That’s a waste of money” and just stop it.
We hope this article will help you to avoid these money wasters.