There are many small things that you might be spending money on but hardly noticing. These small items can add up to big money. Once you determine these small items, you will keep more money in your pocket for savings, investing or break your cycle of living paycheck to paycheck.
See if any of these items sound familiar, and I hope you find them useful.
How you could be wasting your money
1. Buying new instead of used, ie: a new car.
2. Carrying a credit card balance with a high interest rate.
3. Buying on impulse.
4. Paying to use an ATM.
5. Dining out frequently.
6. Letting your money wallow in a savings or checking account.
7. Paying an upfront fee for a mutual fund.
8. Paying too much in taxes or investments.
9. Buying brand name vs. generic.
10. Wasting electricity.
11. Paying banking fees.
12. Buying things you do not use.
13. Owning an extra car.
14. Ignoring your local dollar store.
15. Keeping unhealthy habits.
16. Being complacent about insurance.
17. Giving Uncle Sam an interest free loan.
18. Paying for something you can get for free.
19. Not using a flexible spending account.
20. Paying for unnecessary services.
I read this article in detail today from Yahoo! sources. You can view the full article here by Erin Burt provided by Kiplinger.com.
Monday, July 27, 2009
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