The human being has in his nature the desire to want something as soon as he sees a store. Whether it’s a freshly baked muffin, new clothes from a retail store or even a Chapters book. The purchase and use of objects are part of life. That being said, there is, or at least there should be, a limit to the amount you spend on useless items. As mentioned over and over again, staying within your budget is essential to maintaining financial stability and achieving your goals. Yet, it is rare that people listen to this advice and respect their budget.
In our opinion, reducing unnecessary expenses is one of the best ways to help you meet your budget. To help and inspire you, here are 10 things we believe you should stop spending your hard-earned money on.
If you work in downtown or elsewhere and you need to pay for parking every day, you may want to consider a cheaper alternative. In most major cities, you can expect to pay 3 # or more per hour to park in the street, otherwise about $ 12 in a parking lot for the whole day. Parking, after five days, can cost up to $ 60 a week, $ 240 a month, and $ 2,880 a year, assuming you work all year. Spending almost $ 3,000 for parking each year is absurd and not worth it. Would not you prefer to go to Mexico for a week in an all inclusive with your spouse or in Las Vegas for a weekend with friends? If so, take public transit to school or work. It can take the same or less time to get there and it’s even better for the environment. In addition to that, you will reduce your chances of parking tickets, which can add up quickly. With less gas emissions, less wasted money for parking, and more money in your pocket, parking is an easy expense to eliminate from your life.
Smart phone data
Smart phones are great, they allow us to stay in touch with our friends, our family and even work at all times. On the other hand, if you are looking to reduce your bills, you may want to consider how much you are willing to pay for your needs. It’s likely that you all need a phone, but do we need all this data?
Adding data to your plan will probably cost you an extra $ 30 per month, or $ 360 more per year for internet access. Think about the amount you already pay for the internet at home.
Considering that there is WIFI almost everywhere, is the extra data really necessary? Unless your job requires you to have access to the internet 24 hours a day, which is rare, saving $ 360 a year and waiting for free WIFI in the office or at home is well worth it. Plus, do you really want to be able to read your work emails everywhere? Would not it be nice to leave work at work?
Buying a water bottle is a serious waste of money, especially if you are used to it. We understand that it is sometimes necessary to buy a bottle of water, however, if you still buy bottled water, never make an effort to fill a reusable bottle and you have trouble saving, you absolutely must rethink it. Breaking the habit of bottled water can be annoying, but if you can save hundreds of dollars a year just by switching to a reusable water bottle, why not do it?
Depending on the importance of being in shape for you, going to the gym can be expensive, especially if you do not go as often as you expect. We all want to go to the gym as often as possible, but sometimes life stops us there. Why spend hundreds of dollars a year when you can train outside, with almost all the same exercises?
Why not jog in a nearby park and breathe fresh air rather than running on a treadmill in a smelly gym? Tours can also be done outside and you can even create a training schedule with friends, so they will not need to go to the gym and will be able to train with you.
Using an automated teller machine, which is not associated with your bank, to withdraw money can cost users a relatively large amount of money over time. Usually, the machine charges about $ 3 to withdraw the money, and your bank can also add its own fees for using an ATM that is not its own.
Spending this money every time you need to withdraw money is a total waste.
Make sure to go to vote bank and withdraw money there. So, if the ATM is not represented by your bank, do not use it. If there are no convenient ATM options in your area, consider moving to a more accessible bank.
Similar to ATM fees, late fees are also a great loss of money. Making a late payment on your credit card, subscription service or utility bill will result in late fees. We are all human, and sometimes make mistakes, so paying these late fees on occasion is acceptable. On the other hand, if you find yourself paying these late fees regularly, consider setting up automatic payments online, so that your payments are made before they are due. This will ensure you do not pay late fees and will help you save money and keep your budget.
Grocery shopping is one of the best ways to avoid wasting too much money at the restaurant. Not only does buying fresh fruits and vegetables at the grocery store cost less than going to the restaurant every day, but it’s also a lot healthier. From time to time, it is good to take a break from cooking, but it is also a good idea to get in the habit of preparing meals yourself for work and plan your meals of the week. Both of these are essential for a healthy financial and physical life.
When summer comes, you can find all sorts of excuses for shopping and buying new summer clothes. If you are currently in this situation, we recommend buying quality clothes that fit you well and that will last a few years. Jumping on occasions and buying compulsively will likely result in your new clothes being punctured or not doing well by the end of the season. Quality versus quantity is an important aspect to consider when shopping because you will save money in the long run. So, this season, buy fewer items but at a better quality for the same price.
As ridiculous as it sounds, you’d be surprised how much money you can save on the gum. First, depending on how often you buy the eraser and the type you buy, the amount adds up quickly and you do not even realize it. Each pack of gum you buy costs around $ 1.20. Assuming you buy a package a week, that’s $ 60 per year without taxes. In addition to saving that amount of money, you will save on your teeth because some brands of gums contain a large amount of sugar. Anyway, when was the last time you took out a pack of rubbers without giving half to the people around you? Considering this fact, we can assume that we buy close to 2 packs of gums a week, totaling $ 120 a year.
Our generation spends a lot of time in front of the screens. Whether it’s a computer or a cell phone screen, people always seem connected. After spending the whole day working or studying in front of screens, once inside, we should not sit in front of the television and watch programs until we fall asleep. The cable can cost between $ 80 and $ 100 a month, up to $ 1,200 a year, depending on the package. With the ability to watch online videos or pay for Netflix (a cheaper alternative costing about $ 10 a month), paying for the cable adds no value to your life and should not be a necessity.