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Photo by Dave HuffDon't have a tight reign on the money-drainers in your life? This article will show you how to empty your pockets in half the time.
1. Gambling. Try picking a red ball out of a skyscraper full of white balls blindfolded. Those are your chances of winning the lotto jackpot.
2. Buying something from a bargain site just because it’s on sale.
3. Shop when you’re hungry. You’ll always buy more on an empty stomach.
4. Draw more money out of the bank or ATM than you really need. If you get $10, you’ll spend $10. If you get $20, it will evaporate just as rapidly.
5. Impulse buying – Finding another storage spot in the attic to keep something is easy. My mother has an entire department store of exercise equipment in her attic.
6. Paying bills late. Late fees and credit rate hikes are the result.
7. Lend money to people you don’t know or trust. 50% - %50% of ever getting it back.
8. Not shopping around when considering a purchase.
9. Don’t buy online. High-street retailers have lots of overhead, and guess who they pass that overhead over to?
10. Go to an event and buy lunch from a concession stand. $7 for hamburger, $4 for a drink. Times that by the number of people with you. (Family) – (Generosity to friends)
11. Buy albums instead of individual songs that you want from music download sites.
12.Never double-checking dimensions on a do-it-yourself project.
13. Forgetting to return movie rentals on time. The same goes for library books, or anything else that fines you for tardiness.
14. Buy food, throw it in the vegetable crisper, and forget it’s even there. Then discover it much later and throw it away again, and begin the buying process all over again.
15. Becoming obsessively disorganized. You have no idea how quickly you’ll spend money if you are buying the same thing twice.
16. Ignoring special offers and coupons.
17. Take your car in for an oil change and buy every single “suggested” repair. Use Craigslist for all of your mechanical needs. I have found people who come to my home to do repairs at half the dealership price and back up their work to boot.
18 Do the suggested maintenance on your vehicle according to the manuals mileage recommendations. An ounce of prevention is worth a pound of cure. It’s there for a reason, and the engineers that design the things we use are highly skilled and knowledgeable. Don’t procrastinate!
19. Use credit cards without paying off the balance in full each month. You will rack up some enormous debt. And if it’s an APR, look for increasing fees as time goes on.
20. Flying First Class. You’ll get to your destination as fast as the people behind you, and you’ll pay significantly more for a little extra legroom and a little better meal. (Bring your own snacks.)
21. Never reading a contract. You will sooner or later get taken to the cleaners.
22. Buying an extended warranty, particularly on a car. A large percentage of the total item cost is most surely guaranteed. Once you make a claim their legal department will do everything within their power to screw you out getting paid.
23.Not taking advantage of your company’s 401k match; another way to waste money is by declining free money.
24. Buy a memberships and not using them-particularly time-shares. Don’t ever accept a time-share if it’s willed to you, they are that bad.
25. Smoke. One pack a day, burns over $2000 per year. Not to mention your very life.
26. Buying your coffee outside when you have a perfectly operational coffee machine at home. Compare $$ to literally pennies.
27. Buy bottled water. It’s a dollar for a bottle on average, pennies from the faucet. And let’s not forget the environment costs of bottled water either. These new-fangled filters will pay for themselves in less that 6 months.
28. Use (411) directory assistance instead of 1-800-GOOG411. The latter is free.
29. Buy high-octane gas. Modern chip-controlled vehicles adjust ignition and timing profile to permit the use of lower-grade gasoline.
30. Don’t do the speed limit, or take the time to read street signs.
32. Not monitoring your bank accounts for overdrawn and other fees.
32. Not taking care of your teeth, and not having regular cleanings and checkups.
33. Not negotiating with vendors and sellers from the smallest bag of fruit to buying a new home.
34. Never questioning an unrecognized charge on a bill. When in doubt let the companies keep it for all of the litigation they have amassed.
35. Buying name-brand only. The generic brands are just as good repackaged and you’ll save a ton of money on lower prices.
36. Buying a new vehicle that loses twenty percent or more in value the minute the tires hit the pavement.
37. Not turning off the unneeded lighting or appliances when your out of the house or not using them.
38. Not installing an automated thermostat in your home and programming it down a few degrees when you’re out of the house. Like this article?
2. Buying something from a bargain site just because it’s on sale.
3. Shop when you’re hungry. You’ll always buy more on an empty stomach.
4. Draw more money out of the bank or ATM than you really need. If you get $10, you’ll spend $10. If you get $20, it will evaporate just as rapidly.
5. Impulse buying – Finding another storage spot in the attic to keep something is easy. My mother has an entire department store of exercise equipment in her attic.
6. Paying bills late. Late fees and credit rate hikes are the result.
7. Lend money to people you don’t know or trust. 50% - %50% of ever getting it back.
8. Not shopping around when considering a purchase.
9. Don’t buy online. High-street retailers have lots of overhead, and guess who they pass that overhead over to?
10. Go to an event and buy lunch from a concession stand. $7 for hamburger, $4 for a drink. Times that by the number of people with you. (Family) – (Generosity to friends)
11. Buy albums instead of individual songs that you want from music download sites.
12.Never double-checking dimensions on a do-it-yourself project.
13. Forgetting to return movie rentals on time. The same goes for library books, or anything else that fines you for tardiness.
14. Buy food, throw it in the vegetable crisper, and forget it’s even there. Then discover it much later and throw it away again, and begin the buying process all over again.
15. Becoming obsessively disorganized. You have no idea how quickly you’ll spend money if you are buying the same thing twice.
16. Ignoring special offers and coupons.
17. Take your car in for an oil change and buy every single “suggested” repair. Use Craigslist for all of your mechanical needs. I have found people who come to my home to do repairs at half the dealership price and back up their work to boot.
18 Do the suggested maintenance on your vehicle according to the manuals mileage recommendations. An ounce of prevention is worth a pound of cure. It’s there for a reason, and the engineers that design the things we use are highly skilled and knowledgeable. Don’t procrastinate!
19. Use credit cards without paying off the balance in full each month. You will rack up some enormous debt. And if it’s an APR, look for increasing fees as time goes on.
20. Flying First Class. You’ll get to your destination as fast as the people behind you, and you’ll pay significantly more for a little extra legroom and a little better meal. (Bring your own snacks.)
21. Never reading a contract. You will sooner or later get taken to the cleaners.
22. Buying an extended warranty, particularly on a car. A large percentage of the total item cost is most surely guaranteed. Once you make a claim their legal department will do everything within their power to screw you out getting paid.
23.Not taking advantage of your company’s 401k match; another way to waste money is by declining free money.
24. Buy a memberships and not using them-particularly time-shares. Don’t ever accept a time-share if it’s willed to you, they are that bad.
25. Smoke. One pack a day, burns over $2000 per year. Not to mention your very life.
26. Buying your coffee outside when you have a perfectly operational coffee machine at home. Compare $$ to literally pennies.
27. Buy bottled water. It’s a dollar for a bottle on average, pennies from the faucet. And let’s not forget the environment costs of bottled water either. These new-fangled filters will pay for themselves in less that 6 months.
28. Use (411) directory assistance instead of 1-800-GOOG411. The latter is free.
29. Buy high-octane gas. Modern chip-controlled vehicles adjust ignition and timing profile to permit the use of lower-grade gasoline.
30. Don’t do the speed limit, or take the time to read street signs.
32. Not monitoring your bank accounts for overdrawn and other fees.
32. Not taking care of your teeth, and not having regular cleanings and checkups.
33. Not negotiating with vendors and sellers from the smallest bag of fruit to buying a new home.
34. Never questioning an unrecognized charge on a bill. When in doubt let the companies keep it for all of the litigation they have amassed.
35. Buying name-brand only. The generic brands are just as good repackaged and you’ll save a ton of money on lower prices.
36. Buying a new vehicle that loses twenty percent or more in value the minute the tires hit the pavement.
37. Not turning off the unneeded lighting or appliances when your out of the house or not using them.
38. Not installing an automated thermostat in your home and programming it down a few degrees when you’re out of the house. Like this article?
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