Are you looking to cut some unwanted spendings from your budget, and save a little money? There are many small purchases that you make almost daily that can really add up to some big money (we’re talking about thousands of dollars each year).
We often don’t put much thought into some things that seem necessary and normal. But by cutting down some of these out of your spending, you can literally save a ton of money each month (it seems redactions but it’s true).
The money that you’ll cute from those unnecessary purchases, can be used to pay more important bills, pay down debt, or invest them on a project that might make you more money. So if you interest to cut your budget, and save little money, or pinch some extra pennies, here are 12 things you are spending too much money on
The majority of Americans can hardly (and I mean hardly) function normally without their daily of caffeine in the morning. Most people’s good mood is sponsored by Coffee, so you may ask you’re self why should I change that.
Well, the $5 white chocolate toasted marshmallow triple shot with no whip will add up to $25/week, or about $100/month, which will be $1,200/ per year. That must Hurt Right. So it can be more cost-efficient to make your coffee at home, and take it with you to work.
Before the coffee shops lined every block in the town, people use to brew their own coffee at home. So it would not be a bad idea to get back to that habit and see how much money you can save each month.
Meal planning is one of the best ways to save money on Groceries. Packaged foods that claim to be healthy are usually overpriced and the true natural and healthy foods can be acquired at a fraction of the price.
So why pay full price for an item when it is possible to use a coupon instead. when grocery shopping avoid high prices on products by choosing generic or off brands whenever possible. Create a shopping list and stick to it. And of cource don’t go grocery shopping when you are hungry.
With Netflix, Hulu, and the rest of the internet taking the lion’s share of attention, there’s no reason for you to wast your money for a traditional cable provider. People between the age of 14-30 spend 46% of their time on their phones, PC, tablets. So there is no reason to buy one
Cables are so expensive and the prices seem to get up each year. Cut the cables, and look for other ways to enjoy TV and save money. You can watch our favorite shows, series, and movies on internet websites like Hulu, and Netflix and HBOGo that you can watch them on your TV, phone, and tablets.
Hunger has a remarkable sense of time. We always feel hungry when we’re out running errands or at the gas stations. Supposedly, the very sight of snacks can be provocative for the tummy, and that’s why spending money on snacks like beef jerky and chips have a big role of making out buckets empty.
Carrying some nuts, baby carrots, or any other things can save you from spending too much money on hose chips or other snacks that look inexpensive, but in reality, they are.
This easily avoidable expense makes your budget hysterical. H2O is a fundamental commodity, but a water filter on your kitchen faucet is more economical than buying bottled water every day.
However, let us talk numbers because numbers don’t lie. At an average price of $1.22 per gallon, you’re spending 300 times more on bottled water than tap water. The business insider revealed that bottled water costs 2000 times as much tap water. So you see know why our wallets panic at the sight of those glistening bottles.
Your home is almost surely using more power than it needs, and maybe significantly more at that. we all know how much painful electricity bills can be especially if you use to let cables plugged and the lights one.
So you need to take action. anything that needs no to be plugged in should no be plugged in, any light blub that can be switched off should be switched off. don’t get out of your rooms or houses and keep the lights on, turn them off. Also, it’s a great idea to switch the lights to LED bulbs. this will save you lots of money
At the beginning of each year, most people are motivated to make some changes in their life, bodies, and lifestyles. But the motivation usually lasts past the second month (but for some people last forever). However, after the motivation runs out, people neglect to cancel their membership fees, which leads them to pay every month for something they no longer use.
Sport is super important in life. If you’re paying $10 or $15 a month (plus an annual $40 fee) for a planet fitness membership, just go ahead don’t stop. But if you’re shelling out $99 or even more each month for a gym membership, then you need to consider stopping or changing to something cheaper.
Unless you drive a high-performance car, there is no reason to put gas with an octave higher than 87 into the tank. You don’t have to it’s will not improve your car performance or anything.
Higher octane gasoline only exists for cars with higher compression ratios, like sports cars. These types of cars need the most expensive premium Gas. but most cars don’t need that Gas.
To be sure that you’re car doesn’t need that expensive type of Gasoline, talk to the dealership or the owner to be sure, but chances are the 89 or 91 octane fuel you’re using is a waste of cash.
Lunch breaks are a good time to step out of your office and de-stress a bit. It can be also fun to try different foods. But your wallet will suffer if you purchase lunch every workday.
Even if you think that taking a lunch break and go eat outside isn’t that big of a deal, well let’s see. Let’s take for example lunch of only $10 per day, this will be $50 per week, which is rough will end up to $2,600 in a year, OUCH right.
Packing lunch wins in this contract. But If you still want to enjoy lunch outside the office, pack four days per week and buy lunch on Friday. This can be a great end of the week treat, and you’ll still see the savings add up.
According to the USDA 30% to 40%of the entire food supply in America is wasted. If you have a weekly grocery bill of $200, that means $70 wasted each week, or astonishing $3,640 wasted each year.
To reduce food waste, you have to asses what you regularly toss and buy less of it, and use canned or frozen fruits and veggies when possible so you’ll stop tossing spoiled produce. And of cource let us not to forget, that you can save hundreds even thousands more by preparing your meals.
It can be fun to order pizza for family night. But while pizza is yummy, it can also be costly. When you order food for delivery, you can assume at least four or five dollars tacked on for the convenience.
Many companies charge a delivery fee, to begin with, and then there’s the trip you’ll have to turn over as wee. If the restaurant from which you’re ordering is withing walking distance, just do the legwork yourself. or if you ordered a pizza and spend $25 a week for delivery (which will be $1,300/year), just consider making it at home, and use the savings to take a family trip.
American people are obsessed with beverages, but apparently ⅔ of Americans don’t drink enough water. That’s probably because they’re too full on sugary drinks like soda and juices. Those high sugar drinks are not only unhealthy, but they cost a lot more too.
There’s is nothing wrong with having a glass of milk, OJ, or other natural juices, but replacing those drinks with water is the simplest way to improve your health, cut calories, and save some cash in the process.
According to studies at Harvard Medical School generic drugs cost as much as 80% to 85% less than name brands on average. So if your doctor prescribes you a certain medication with a name you can pronounce, chances are there is a generic version with a name that you can’t pronounce that will do the same job but cost you many times less.
Fancy jewelry is nice to have for formal occasions, at the office and when dancing on your night out. There’s nothing wrong with having or buying nice jewelry or a decent watch if you can afford it. But if those things are out of your reach, just don’t.
In most case when we make these expensive purchases, we are getting ripped off. Because we will not use them every day, and most of the items are expensive. The crazy thing is, we are well aware of this fact, yet we do it anyway.
Clothes and Shoes
When clothes and shoe bills started competing with your phone and electricity bill, here You must take a break and think a little. I personally love to buy new clothes whenever I got the chance because there’s nothing wrong with looking good and stand out with style.
But do you really need a pair of shoes for each outfit? Probably not. Chances are you can stand to simplify your wardrobe without sacrificing much fashion and save a few bucks in the process.
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