Money can buy freedom and options. It is great to have money as long as you manage and spend it wisely which most of us waste not realizing.
Here are 18 common money-wasting reasons to beware of:
1. Bottled water
Do not pay for what you get freely.
2. Magazines & newspaper subscriptions
You can get these free online.
3. Printer ink cartridges
Rather than buying brand new cartridges, always refill the ones you already have.
4. More houses than you need
Do not buy houses with space which is not required for a large sum of money.
Stop investing in cars, and house insurance with large sums. Settle with what you can afford.
6. Satellite TV
There are so many options like Netflix, and Hulu to watch your favourite shows which will save a lot of money than buying satellite TV.
7. Retail furniture
Always spend less on retail and look for options in online stores or try to buy furniture slightly used.
8. Restaurants and prepared food
Do not uselessly spend on lavish restaurants.
9. Nutritional supplements
Replace these supplements with a good healthy diet than buying.
10. Luxury products
Do not pay money on premium branded items just for the name when you can get them at a cheaper price.
11. New cars
If you have your old car working just fine, re-think about purchasing a new one.
12. Electronic warranties
Do not invest a large sum on a warranty because it covers technical repairs. Sometimes it might cost you less to repair than spending on a warranty.
13. Retail computer software
Always look for online options which are free to download and may have the same facilities.
14. Medical issues than can be avoided
Eat well and exercise regularly. It can save a lot of money than suffering major medical issues.
15. Prescription medication
Buying medicine from wholesale places costs less than buying from local pharmacies.
16. Jewelry and precious gems
Jewellery and gems have higher markups. Always do your research before investing in it.
17. Second rate entertainment
Do not spend on movies, games etc. Spend time more on nature.
18. Nasty money-sucking habits
Smoking, gambling, and drinking can cost your money and life very easily. So try to put them one by one down.