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Survey after survey finds that many people live paycheck to paycheck without an emergency fund. They complain that they don’t earn enough. However, eight out of every ten admit throwing away hard-earned cash on unnecessary purchases.

Take a look at this list of 26 everyday things you might be wasting money on without realizing it. It’s time to revamp that wasteful spending to save money and get your finances back on track.

1. The Latte Factor

Automatic Millionaire author David Bach noticed that people wasted thousands of dollars over a year on daily trips to the coffee shop without paying attention. So he coined the Latte Factor phenomenon to draw attention to the actual cost of that cheap latte or cup of coffee over time.

2. Cable Television

It’s easy to waste money on cable television when you don’t think about it. Especially if you’re watching it every day, however, it’s 2022, and cable is not required to stay connected to the world. Most people watch the same channels repeatedly, negating the benefit of having 200 plus channels.

3. Streaming Service

Streaming services like Netflix, Hulu, Amazon Prime, and many more are rising as consumers move away from cable. However, most subscribers have an average of 1.65 entertainment subscriptions and use the service more than once a month. 

4. Extra Storage

Renting a storage unit may be a good idea in the short run to store items before a big move or home renovations. However, people who rent storage units tend to keep them for an average of 1-2 years without a need.

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