The Best Ways to Waste Money

That seems like a crazy title. We are always discussing ways to save money, but do we consider the things we are doing that might be wasting money. I have put together a list of the best ways to waste money. If you have any to share please leave a comment!

-Have a high interest credit card that is not being payed off monthly. I try to avoid credit cards if possible.

-Buy a new car every 2-3 years. I think that we all want new things, but in order to get the full value out of your car you need to try to hold on to it as long as possible.

-Not consider the money you waste in gas. I am guilty of driving to 3 different stores to get great deals on free items. I don't take into account how free that item was when I consider the gas I spent driving. Try to cluster your errands so that you can shop at several stores in the same area at once. Less gas used equals more money.

-Not paying yourself first on each paycheck. Saving is important, so make sure you are setting aside money first. You won't ever miss it, if you don't count on it.

-Eating out-It so alluring and convenient to eat out at restaurants, but eating out is a waste of money compared to the price it costs to make a meal at home. Try to designate one night a week or month for eating out.

-Making several trips to the grocery store. Not being planned and organized costs you money. When you impulse buy, you will tend to buy more items then if you had an organized list. You will also forget items that you needed and will have to go back to store, creating more of an opportunity to impulse buy. Have a plan and stick to it.

This list is to get you to consider what do you waste money on. These are things that I have been guilty of doing. If you have something to add please leave a comment.