8 Surprising Ways People Waste their Money


ways people waste their moneyIs it just me or do people waste money on a regular basis and not even think twice about it?   You’re not alone if you do because I see people do this all too often!   It kills me how many times people waste their money and think everyone else is doing it too.   Wrong!   Not all of us are wasting money!

I’ve seen some very interesting ways people waste their money but a couple stand out to me because of the lack of initiative causing the waste.

Here are the top five stupid ways people waste their money:

1- Forgetting to pay bills

You know what happens when you forget to pay your bills?   Late fees!   Don’t let late fees suck away at your wallet.   Setup automatic payments with your checking account to ensure that your bills get paid on time.

2- Tickets

Parking tickets and speeding tickets can take a toll on your wallet.   Between car insurance and paying your tickets, it’s a huge waste of money.   Don’t give in to the temptation to try and beat the system.

3- Gambling

How many people do you know who either play online poker or go to the casinos on a regular basis?   It’s a disease that plagues millions of Americans and will continue to.   Gambling is flat out stupid and you should avoid it at all costs.

4- Memberships

Get rid of your memberships!   You probably have a museum membership that you don’t even use!   How about Netflix or a gym membership?   Do you really use those memberships?   If not, why not cancel them?

5- Letting food spoil

Letting food spoil is one of the most common ways Americans let their money go to waste.   Instead of letting your food spoil, why not buy in smaller quantities instead of bulk?   Buying in bulk creates more opportunity for food to go to waste.  Another tip is to use my “empty cupboard method” for using up all your old food!

6- Unhealthy Habits

We all know smoking is terrible for you but how many of us have friends who still keep this unhealthy habit?!  Not only is it bad for your health but it’s hard on the wallet.  Another big one is drinking.  Yes, a drink is fine now and then, but what’s the point of shelling out hundreds a week for your favorite beer?  Try drinking water instead 🙂

7- Giving the government a free loan

Millions of Americans are guilty of this.  Did you know that getting a tax refund is a bad thing?  It means you gave the government too much of your money!  You should be growing your own money instead of handing it over to the government.  Shame on you!

8- Too Prideful to Shop at the Dollar Store

i used to be one of the many Americans too prideful to shop at the Dollar Store.  Once I stepped foot in one, I realized how much money I had been wasting over the years!  These stores seriously have tons of value at just  a buck!  Check your pride at the door and stop wasting your money at the big retailers!

So, don’t be one of the many Americans who waste their money on these dumb things!   You are better than this.

photo by epsos

Written by Jon the Saver

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEED or EMAIL updates. You can also find me on TWITTER
and FACEBOOK
. Happy investing 🙂

Jon the Saver

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEED or EMAIL updates. You can also find me on TWITTER and FACEBOOK . Happy investing 🙂

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