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Six things you’re wasting money on without even knowing it

Six things you’re wasting money on without even knowing it

January 27, 2017
wasting money
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In today’s world, wasting money is huge mistake. Everyone knows it. And although most of us try to save as much as possible, we sometimes slip up and, unknowingly, end up just throwing money away. This happens quite often, because we don’t view those actions as something negative, as wasting money. Unfortunately, that’s exactly what they are. This article will show you where you’re throwing money away, so that you may be able to become a better saver.

Convenience stores

A convenience store is not as cheap as you may think. Just think about it. Unlike grocery stores, convenience stores don’t purchase food in large quantities. What they offer is convenience. And that costs you extra. If you want to save money, shop for groceries at a grocery store. Over there, you’ll be able to buy more for less.

Cell phone plans

Do you even use your phone as a phone anymore? Most people don’t. They use them just like they use computers. They don’t really phone other people anymore. Instead, they use WiFi to send messages or to make video calls. If you do the same, then you should definitely think about lowering your cell phone plan. There’s no reason to pay a lot of money for a service that you only use in case there’s no WiFi around.

Soft drinks

This is one of the biggest money wasters out there and one of the sneakiest. Ordering beverages together with your meal at a restaurant will really boost your total expenses. Do this several times a week and you’ll end up losing a lot of money. Not to mention that most soft drinks aren’t really that good for you. So, next time you’re at a restaurant, just get the water.

Magazines

Are you into magazines? If so, then get an annual subscription. Just buying them from the local grocery store is a waste. Even if you don’t read it every month, just a couple of magazines bought from a newsstand will cost you more than the entire annual subscription.

Credit card fees

A lot of credit cards have no annual fees. So, if you’re not the holder of an elite-level credit card, you’re just throwing money away on that annual fee. Get rid of the card and get one with no annual fee instead.

Unnecessary bank fees

You go to the bank, you create an account and you think that everything is fine. But afterwards you see that you’re slowly bleeding money away. That’s because of the fees you probably didn’t know you have. So spend a few minutes to find out what fees your accounts are subject to.

 

Thomas Hookton

Thomas Hookton is a finance journalist, history buff and science fiction connoisseur. Hit him up via email.

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