There are people who have the talent to live their best lives in moderation, and then there are those who spend so extravagantly that they break. If you can relate more to the latter, know that you can still transform your financial situation by spending your money wisely and saving more. As the old British saying goes: “If you take care of the pennies, the pounds will take care of themselves.”
Craft Side compiled a list of things you should stop spending your money on. We are not suggesting that you do not enjoy your life, but try some of these ways that can prevent you from making a hole in your pocket.
If you like to have dinner, you may want to reconsider your choices. If you noticed, most of the dishes in a restaurant have an exorbitant price during dinner. Therefore, if you already have a meal prepared at home or can cook something, you should not waste money eating unless it is an emergency or a special occasion.
Subscribe to streaming services
Premium subscriptions to streaming services such as Spotify, YouTube, etc. Get rid of the ads to provide a perfect experience. You may be able to tolerate media streaming with ads, it is no big deal. Of course, these streaming services need income to function, but it is not worth spending your money.
Buy lottery tickets
Buying lottery tickets is a big waste of money. Sometimes it seems reasonable to buy one because you never know if you can win the jackpot. But since the chances of doing so are very low, you better not waste the money that costs you so much to earn on a piece of paper.
Splurge a lot on vacation
We don’t want to burst your bubble, but you can still explore the world without making a hole in your pocket. First, never book the first hotel you find. Instead, look for those that have better deals. Also, make the most of the rewards and points related to the trips you have earned, visit less popular vacation spots, stay in a backpacker or Airbnb hostel, and more.
Never miss a sale, offer, etc.
The goal is not to buy items for sale; It’s about buying items only if you really need them at an affordable price. Many people rush to buy products because they get a 50% discount just to realize later that they wasted money because they didn’t even need them.
Enroll in a gym
Instead of exercising in the gym, you can save money by working at home and investing in some equipment. However, if you want to spend time in the gym, make the most of your membership and look for other ways to save money.
Buy things impulsively
There are people who love spending money extravagantly on things they don’t need or want. Companies tend to use many tactics to force you to buy things you really don’t want. Studies claim that these purchases are guilty pleasures for impulsive buyers. People need to understand that these pleasures are temporary and waste their precious dollars.
Purchasing items in the checkout line
One of the most complicated tactics to buy again on impulse is the items in the payment line. Then, the next time you are online, check your impulses to buy these items and save your money.
Use of disposable items.
It makes no sense to buy them when you throw them and then buy them again. Instead, you should buy things that you can reuse that will last for years and years. Disposable items are perfect for certain events, but ceramic plates are a better alternative for everyday use.
This is where people tend to spend a fortune when they really don’t have to. For example, as soon as a new iPhone is launched, people rush to buy the latest iPhone immediately, even if the current device works perfectly. If so, consider how you can save some money by skipping the update completely.
Certainly, you love reading hardcover books to enjoy the old school book reading experience. Many may not agree, but investing in electronic books or visiting a local library is the best alternative to get the books you want for free. You can also buy cheap used books on eBay or Amazon.
Which of these items would you stop spending money on? Do you know other ways to live your best life in moderation? Let us know in the comments below.