What Are Some Ways We Waste Money?

What Are Some Ways We Waste Money?

Saving money is everyone’s secret number one priority. We may not all be in the same financial situation—after all, some are better off than others—but no one wants to give money away needlessly. Just like time, money wasted is money we never get back, and as a general rule people don’t want to use their money in ways that don’t benefit them. However, we don’t always think about the ways we waste money and continue to spend irresponsibly.

Most working people love to drink coffee, tea, soda, or some other caffeinated beverage. On occasion, there’s nothing wrong with stopping by your favorite café and having a drink, either to perk you up or just to relax with friends. However, spending a few dollars a day on a drink can add up to a lot if you do it almost every day. A good way to get your caffeine fix for cheap is to buy a few beans (or leaves, if you prefer tea) and brew a pot foat r yourself. Buying cans of soda in bulk can help save you money too.

Food is also another way we waste money. Going out to eat can be a way to try new things and socialize, but it can get really expensive. Even if you aren’t dining out at five-star restaurants, the dollars that go into a meal add up. Limit how much you go out to eat to save money. Cooking for yourself is much more affordable (and can be healthier, too!) Eating out is certainly fun, but it should be reserved for special occasions.

Another great way to save money is to buy used goods such as clothes, cars, and so forth. Used clothing is not only more affordable; it can also be fashionable and less stiff than never-worn clothes. Thrift stores take very good care of the clothes sold or donated to them, and the clothing is washed before it is displayed.

Cars should not be bought brand new for one very specific reason, and that is the devaluing of the car once it is driven off the lot. When you buy a car new, you are guaranteed to never get the same amount back that you paid for it; you will have to sell it for less. Why not save yourself the trouble and buy a used car? They are not only more affordable, but can run just as good as a new one if you buy from a reliable and trustworthy dealer.

Photo credit: purpleslog / Foter / Creative Commons Attribution 2.0 Generic (CC BY 2.0)

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