Want to save money? Who doesn't? It seems like we all want to save some cash, but you might be spending money on things that are hurting your ability to build wealth.
The problem is commercials flash many products in front of us that look cool. There is constant pressure to keep up with the latest trends, our finances can quickly dwindle if we're not careful.
However, taking control of your spending and making deliberate choices about where your money goes can lead to a more financially secure and fulfilling life.
Retailers often push extended warranties as a means to protect your purchases. Why? Because extended warranties provide big commissions for salespeople. Manufacturers know that most of us will never use those warranties.
In many cases, generic medications contain the same active ingredients and are equally effective but come at a fraction of the cost. And according to research, they are just as effective.
With the rise of streaming services, traditional cable TV has become less relevant. Paying for premium cable packages with hundreds of channels when you only watch a handful is a waste of money.
There are about 260 working days every year. If we buy a $5 coffee every working day, that adds up to $1,300 a year…just for coffee! And, chances are your workplace provides free coffee already.
Before making a purchase, take a step back and evaluate whether you truly need the item or if it's just a passing desire. Creating a waiting period of a few days before buying can help you avoid regrettable spending.