Check out my list of 6 things you might be wasting your money on. These can include cable tv, atm fees, smoking, insurance, college, and credit cards.
Ever wonder if there are certain things in your life where you might be wasting a little, or a lot, of money? Chances are there probably are areas in your life that could use some financial luvin'.
Could you save extra money by cutting the following things out of your life?
1) Cable Television and DVDs
It's common knowledge that cable television is super expensive (and usually unnecessary). In addition, DVDs are usually 20 bucks a pop. Buy more than a few DVDs and you are already out almost $100. Netflix allows you to get countless shows for a fraction of the cost of cable.
Plus, the first month is free! It's really a great deal. In addition to this, there's Amazon Prime and Hulu, both quite similar to Netflix, but with different perks. All 3 are fantastic options for the old cable box. Throw out the old and bring in the new!
2) ATM Fees
Depending on how much you use cash, ATM Fees may not affect you a whole lot. However, and there is a however, if you use ATMs that are not owned by your bank, then you waste money on fees. Consider getting cash back when you use your debit card at places like grocery stores. It's free and convenient.
Smoking is a huge expense. And it's not the healthiest habit around. It can cause bad breath, gum disease, and lung cancer just to name a few. If you do smoke, consider giving it up. If you smoke every day, chances are you are wasting hundreds if not thousands of dollars a year on this habit. You will be amazed at how giving up smoking will help your health and your pocketbook!
Everyone needs insurance. It's pretty much the law and it's the smart thing to do. Unless you've checked rates in the past year or two, you are probably wasting money though. Call around and see if you find better rates on car or home-owner’s insurance.
As time passes by, situations change and different insurances can be better for different people.
I'm not saying college is a waste of money! I'm saying the college you or your child is attending might not be the best value for your money.
College tuition costs are crazy, and student loans allow people to go to any college to which they are accepted. This can be a good or a bad thing. If student loans will exceed the first year salary of an individual after graduation, then that school costs too much. Consider a community college or a state university.
Often times there are other universities with the same degrees which are just as accredited as the private schools. Don't become desensitized to student loan debt. It can become a huge burden later in life, so be sure to minimize it as much as possible!
6) Credit Cards
You probably knew credit cards would be on the list. Those little pieces of plastic which we use so often can also be contributing to our downfall. We are so used to using them that we fail to stop and think about what we are purchasing.
Consider using cash instead of cards. Using cash is not for everyone, but it lets you see where your money actually goes. In addition, using cash is safer than cards. You don't have to worry about anyone stealing your identity when using cash which is a great feeling.
Credit cards can wreak havoc on a person's finances so easily thanks to interest. Credit card debt can seem like an insurmountable wall but don't give up hope! You can and will overcome it with a plan and determination.