1, April 2016

4 Ways You’re Wasting Money Without Thinking About It

Keeping your finances in order when you’re an independent adult isn’t as easy as the movies and TV shows would have you believe. Even the commercials you see on TV for personal financial planning services are lying! Sometimes, it doesn’t seem simple at all. Are you in the middle of being overwhelmed by all of your expenses? Is it troubling you that you don’t know how to make ends meet at the end of every month? No one should have to go through those kinds of emotions. They’re very hard on you. When you’re depressed, it’s even harder to make good financial decisions for yourself. It seems like no matter how hard you try to get things straightened out, they’re only getting worse. What’s going on?

Chances are, you’re being your own worst enemy. How much money are you wasting every month without even thinking about it? If you’re like the average person, it’s probably a ton. If you sat down and really took a hard look at your finances, you would probably be shocked at what you discovered. Money is flying out of your bank account for no reason all the time! Below, you can read about four of the ways this is probably happening to you right now. Your best bet is to take immediate action to clamp down on these budget leaks. If you do that in time, you can right your sinking ship and sail on to solvency.

1. Your Utility Bill is Going Through the Roof

Pay attention to your utilities bills

Pay attention to your utilities bills

Here’s one of the biggest financial leaks just about everyone has. Everyone needs utilities, which include things like water and electric service. Without those basic services, living at home would be pretty hard! That’s why you probably don’t even think about using as much of them as you need. Hold up there, partner! You’re wasting a ton of money by just leaving the lights on all the time. Electricity doesn’t just come out of the walls for free, you know. You’re paying for that. Cut down on your energy and water usage, and you’ll see your bill go down. When that happens, your bank balance will go back up. It’s like magic!

2. Stop Driving Short Distances

84adtm1iIs the supermarket that you like to go to less than a mile from your house? Do you still pile into your car and drive all the way over there every time you just want to pick up some eggs? If you’re like the average person, you probably do just that. Stop that right now! You’re wasting a ton of gas when you could just be walking. Not only will the exercise be good for you, but you’ll find that you’re not getting so much sticker shock at the pump. When you get your fuel costs under control, you can get your finances back in order.

3. That Coffee You’re Buying Costs a Lot

Making your own cup of coffee saves money

Making your own cup of coffee saves money

Do you head to your favorite coffee house every morning on the way to work for a giant cup of joe? Most people do. You’re also probably paying a lot of money for that cup of coffee. It might as well be a cup of money when you’re paying five dollars or more for it! Rather than wasting all of that money on mass produced coffee all the time, save money by grinding your own beans at home. That will save you a boatload of cash and it’ll probably taste better, too! You can make a lot of coffee at once and just use a thermos to bring it to work. It’s simple!

4. Food is Rotting in Your Fridge Right Now

Don't Waste Food

Don’t Waste Food

Think about how much food you have sitting in your refrigerator right now. Now think about how much of it you actually intend to eat! Chances are, it’s less than half of what you’ve got in there. You’re wasting a ton of food, which means you’re throwing cash right into the trash. That’s not where that belongs! It belongs in your pocket. You shouldn’t be wasting either kind of green in this situation. Make sure you’re only buying the groceries that you actually need. That way, you’ll be able to cut down on how much money you spend on food you don’t even get the chance to eat.