5 Ways You May Be Blowing $100.00 or More a Month
If you are looking to cut back on the amount you are spending each month, you may want to consider if you have any of these 10 habits that can add up to $100.00 or more a month. A few changes and you may be able to save a lot of money. Identifying that habits that keep you poor can help you really turn around your financial situation. These expenses are a combination of bad habits and poor planning. Just a few changes in your habits can make a big difference in how much money you are wasting each year.
Snacks can add up quickly and they may be affecting more than just your wallet. This weekend, I went shopping for snacks for a day trip for my family. I spent nearly $100.00 in just a few minutes. Things added up because I wanted snacks that were wrapped in portion sizes and individual drink bottles instead of two liters. You can save on snacks by buying in bulk and dividing them into smaller portions yourself. If you buy most of your snacks at convenience stores or vending machines, then you are paying even more for them. You can add your daily coffee purchases into this too.
Take a look at the subscription services that you get each month. Are you really using them or would you notice if you didn’t have them anymore? One common example is a gym membership that you never use. Another may be the cable bill if you are rarely home to watch television. You can cut back on these services by cutting cable and trying an alternative to get your television. As for the gym membership either start using it or look into alternatives like exercising at home or jogging around your neighborhood.
My family does not do well with leftovers. This means I need to cook about what we eat or I will end up throwing away a lot of food each month. You need to make sure that you are not letting your food spoil or go to waste. Planning leftover nights can help, as well as taking leftovers to work or adjusting your recipes to feed fewer people. If produce is a problem then you may want to buy less or do a better job of incorporating it into meals and snacks. If you find yourself dealing with spoiled food a lot, you really need to change the way you shop and plan. I have found that certain nights of the week, I need to plan super quick convenience meals that do not take a lot of prep or we end up eating out, even though I already bought the items I need for that meal. Take the time to really examine your menu to make sure you will make everything on it.
Neglect Your Property
One easy way to blow money is to lose items or to fail to take care of them properly. This means that you may need to replace the items much more quickly than you expected to or that you wasted money on the item. For example, if you lose your coat or jacket twice during a winter, you will end up spending an extra $200.00. Another example is failing to do car maintenance and ending up with a $300 car repair bill as a result.
This is a wide category and can vary from late payment fees (which usually mean an additional increase in your interest rate) as well as things like speeding tickets. Parking fines, late fees and other convenience charges can add up to a lot of money over the course of a year. It is important to find as many ways to legally avoid these fees as possible. Many of these can be avoided by simply paying on time or taking care of things yourself.