We spend a lot of money on useless items. Things that we just know that we need or just plain want but in the end, they sit unused. These things represent a lot of money that is wasted and could have been put towards a better use. Take a look at some of the most common money wasters and how you can avoid wasting your hard earned money.
When you shop for a car, rarely are you lured to the base model. Sure it has everything that you need but it does not have all the extras like navigation or a 12 inch display. These are things that are cool but costly. You can easily option a 20,000 dollar car all the way up to 30,000 dollars or more. In the end, what do you have? A very expensive car with features that your phone probably already does for you.
In addition, when it comes time to sell that car, those bells and whistles are the things that depreciate the fastest. Special packages on vehicles do not greatly increase the resale value but instead, lose their value first. After all, it is tech but it is old tech. Nobody wants to pay for that on a used car.
So, next time you are looking for a used car, make the salesman pull up the base model from the back. In the end, you save a lot of money and end up with a car that you will enjoy just as much. better yet, head over to the used car side and pick up a one or two year old vehicle and really save.
How many channels do you have on your satellite or cable plan, 100, maybe 200? How many do you watch on a regular basis, 4, maybe 5? You are getting ripped off by the cable and satellite companies and they are sneaky in the way that they do it. The rip off method of choice is the bundle.
You might be perfectly happy, for the most part with the base satellite package except for one thing. There is one channel that you must have but to get it, you have to jump up one or even two package levels. So, to get one channel, you are paying for an extra 50 because of bundling. Sound familiar?
Luckily, things are getting better but you will have to make some changes to the way you watch television if you want to take advantage of the savings.
Cutting the cord will allow you to get your entertainment while saving a tremendous amount of money. Personally, I like Netflix and Hulu but I still need my channels. For them I have turned to Sling. Sling offers all of the basic channels that I need with much less fluff and it is only 25 dollars a month. DVR service is not as refined as my old satellite recording but I can live with it for the price savings.
How many meals do you order in a week. They are costing you a fortune in delivery charges and tips. Even a simple $10 pizza can cost you a $3 delivery fee and another $3 tip. That is a 60 percent increase in your food cost just for the convenience of not having to leave the home.
Solution, get off the couch and go pick up your food. You will save money, get your food faster and have the security of knowing that fewer people have touched your food.
In addition to the obvious home food delivery, also think about restaurant delivery. Eat at a sit down restaurant and you will have to pay a 20 percent tip on top of your meal, maybe even more if you are generous or have great service.
Instead of the sit down restaurant, save money on restaurant dining by taking advantage of fast casual dining. You get the same quality of food but without the table service. Sure you have to refill your own drink but you will save a lot of money in exchange.
Pure Breed Dogs
Some might disagree with me on this one, but you are wasting a lot of money for the pleasure of buying a dog from a breeder. A pure bred dog can easily fetch 1500 dollars or even more. That is enough money to pay for a lifetime of veterinary care.
Instead of shopping for a pure bred dog, why not take a look at your local animal shelter. You will provide a nice home for a dog in need and it will not cost you much money. Most will come spayed or neutered or it will be included in the price of the adoption. In addition, a mixed breed dog does not have the problems of over breeding and is typically healthier.
If you must have a pure bred, consider a rescue animal. Nearly every breed has some sort of rescue organization committed to finding homes to needy animals. If you really love a breed, there is no better way to show it by than taking in a needy animal.
Tina’s Last Word
Saving money and living on a budget is about accumulated savings. A little here and a little there can add up in a big way. Just look at the items above. Getting a base vehicle can save you an easy $50 a month. Cutting the cord on cable can save you another $70 and eliminating delivery charges and the need to tip can add up to over $100 a month. That is over a 200 dollar savings which is quite substantial.