It’s all too easy to let things go. When it’s a long day it’s very appealing to buy a cup of coffee, and if you didn’t bother to make your lunch, you might just pick something up. When the day is over, people often think they are too tired to cook, so it looks like you’re eating out again. The problem is that it doesn’t take long for these to go from an occasional escape, to everyday habits. So we occasionally need a reminder to get our spending habits back on track. With that being said, you really need to stop wasting money on these things.
1. Stop Wasting Money on Eating Out
Eating out is one of those little things that really adds up quick. Even if you are cheap 10 bucks a day still piles up to $300 dollars a month. Now I will grant you that never eating out is going to be practically impossible (and it’s really nice sometimes). But there are things that you can do to curb the amount of money you spend on this.
By just keeping a couple of snacks in your car, you can easily avoid those unexpected hunger pains when going about your day. And preparing your lunch the night before, will really help you to stop wasting money.
2. Impulse Buys
It is as if the whole entirety of the world is designed to get us to buy things. Which should come as no surprise, seeing as that is how most people make their living. But because of that we have to be on guard, because millions of dollars are spent each year to get us to buy. And when you are trying to stop wasting money, it’s awful hard to do it when everywhere you turn is trying to get you to pull out your wallet.
Companies know that if you don’t have much time to think about a purchase you are much more inclined to buy. In fact, there is a good chance that you will never buy their product if you really think it through. Take a look at info-mercials if you want to see what I am talking about. First they give you a deal, then say it’s marked down, then they finish up by saying you won’t be able to get that deal again. This all plays into the psychological concept of fear of loss. It’s a very powerful technique, and has gotten many people to shell out cash.
To defend yourself against this, make sure that you sleep on every purchase you plan to make. If it’s something you really need, then buy it. On the other hand, if a day passes by and you realize that you don’t actually need a fancy new shammy and a couple of steak knives, then congratulations, you just saved money.
Cable TV can be nice to have, especially if you only like the shows that are on the premium channels. Though, it’s not exactly necessary for life. And with even cheap cable packages going from $60 a month, it’s certainly something that you can skip.
Here’s the thing though, cable is actually a pretty cheap. I mean where else can you get an hour of entertainment for only two bucks? So if you do decide to cancel your subscription, be prepared to fill that void in your life.
I could easily spend 20 bucks in an hour just to kill some time. So it might be a good idea to fill that time with ways you can make more money, rather than wasting it.
4. Bank Fees
Bank fees are ridiculous, and you should never have to pay them. First if you have a checking account that is charging you money every month, then ditch it as fast as you can. Credit Unions offer free full service checking accounts. And they have a huge host of other benefits as well.
If you go to an ATM that was set up by a credit union rather than a traditional bank, you’ll be happy to find that you don’t have to pay a fee to extract your money. Remember, 2 dollars in fees a day is $60 a month, so make the switch as soon as possible.
And if you have overdraft protection, cancel it. Overdraft protection is just the bank’s way of charging you money to move it. And with mobile checking apps, all you have to do to keep your account working is log in and move the money around. So no more $5 fees, and it has the added benefit of helping you keep a better eye on what is in your account.
Don’t get me wrong, I like magazines, but there comes a time when you realize that they really aren’t worth the money you pay for them. Think about it, if you only look at a magazine for 5 minutes once a month, is it really worth it?
There’s a good chance that if all the magazines you ordered stopped coming, you wouldn’t even notice the difference. And if that is the case, then it’s stop wasting money on magazines.
Coffee shops are insane, they charge an arm and a leg for bean juice, and as it turns out, it’s not even that good. Go buy yourself a coffee pot, a grinder, and some filters, and with a little practice you’ll be making better coffee than Starbucks in no time.
But how much can you save? Well if you are drinking two cups a day at 4 bucks a pop, that comes out to a whopping $240 a month! But making it yourself rarely costs more than a dime a cup. The difference is huge! So stop wasting money on something that is so easy to do yourself.
Gas is expensive, but there is no reason for it to be that expensive. One of the easiest ways stop wasting money here is just to plan out your when you are going to get gas. By simply dodging the gas stations near highways, and instead opting for the ones which you know are 30 cents less a gallon, you’ll be saving a small fortune.
There are a ton more ways to save money on gas if you are interested.
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