Top Ways to Waste Your Money

by on August 10, 2011

Wasting your money is the opposite of saving money.  There are hundreds of ways that people waste their money every day.  Today, we’ll focus on some of the most common and obvious ways.  Check our list and see if anything you do makes the list.  If so, maybe you can change your habits to prevent future waste.  Or, use the list we’ve provided to think of other ways that you waste your money.  Then, use your new information to help yourself save.

Okay, here’s our list of top ways to waste your money:top ways to waste your money

  • Paying revolving debt on your credit card
  • Paying late fees
  • Not refinancing your mortgage if current rates are less than 0.75% of your mortgage rate
  • Buying a car more often than every 7 years
  • Unused memberships (tanning, gym, netflix, credit monitoring, etc.)
  • Organic groceries (instead do your research and find out which ones really matter)
  • Impulse purchases
  • By not shopping online (use online resources to get better prices at local stores, find an app for your phone)
  • Not shopping around for insurance
  • Buying things that you don’t need and that you don’t use

This is not a comprehensive list, but covers the major monthly expenses (home, car, insurance) and is another tool in helping you look critically at your monthly budget.

{ 2 comments… read them below or add one }

les February 13, 2012 at 5:19 am

I have to agree that it is so easy to waste money, it is to easy to waste it, thank you for bringing it to our notice.

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Lee April 3, 2012 at 2:51 pm

Hi enjoyed reading your blog.
I must adit I only clicked on tour blog as it made me smile when it came up in google. Not many people advertise how to waste money. But on the flip side if every body read your post. They would probably realise how many of these points they actually do and how much money they do actually waste. So on a money saving note I hope lots of people read your post.

Thanks again
Lee recently posted..Multi Van Insurance – Getting A Cheap DealMy Profile

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