Every day we spend money on all sorts of things, whether it’s a morning coffee or an Uber to get home from a late dinner. Nothing’s wrong with dishing out cash when you need something, but you might be wasting money on a few items every week—and it probably doesn’t even occur to you that it’s a waste. But if you’re trying to save some money at the moment (and let’s be real, who isn’t), you might want to take a closer look at what you’re buying on a weekly basis, because money goes out the window faster than you might think.
You don’t have to be a financial adviser or investment banker to gain some useful knowledge on money-spending habits. There are a few rules that are easy to follow, and they’ll take you a long way in the money saving game. Take a look at the tips below and see if any of them sound familiar. If they do, the good news is, you’ll be able to shape up your wallet in no time.
Buying any single serve coffee at a cafe is a waste of money, considering how much cheaper it is to make your own coffee at home. But it’s an even bigger waste if you’re purchasing a second of third cup every single day when you get tired. Instead of reaching for more caffeine, try to adopt a healthier—and cheaper—habit that will give you a boost of energy. You could take a brisk walk around the block, do a quick workout, or eat a homemade protein-rich snack. You’ll be surprised at how quickly your money adds up.
2Brand name foods and snacks
When it comes to chips and cookies, or cooking ingredients like soy sauce, the name brand stuff seems like it would be the best, especially when you see all those tasty advertisements. However, the generic brands often taste just as good, and they are way cheaper. Go with the foods that don’t come from the most popular companies, and you probably won’t even be able to tell the difference.
Banks will do anything they can to take your money. You might be dealing with some sneaky ATM fees or expensive charges for going below the minimum account or withdrawing too much from your account. You might have to switch banks or entirely transfer your money over to a credit union, because you shouldn’t have to waste your money on unfair charges.