There are a lot of ways people waste money and we are going to cover some common traps people fall into.
One of the first things you want to consider is your impulse buying. One very wealthy person I was listening to on a podcast said he has a rule that anything that is over $50 and not immediately necessary he waits 30 days before buying. The reason is that if you give it a little time, you may realize you can live without the item and even if you have the money to buy it, maybe you do not want to add clutter to your home.
But some of the real culprits are in those monthly bills.
- Paid TV is a big one. With approximately 1/3 of paid cable subscribers cutting out TV, you have to ask yourself what you are still doing paying for it. More and more you can simple stream the channels you want and reduce your payments big time.
Cell phone bills are also something that should be reviewed every year or each time your contract is up. Moving to a lower cost carrier will often cut your monthly fee and the difference in service is often negligible.- Gas for the car is another area where yo can use something like the Gas Buddy app and save a few dollars each time you fill up by choosing the best prices close to you. This adds up over the course of a year to being potentially hundreds of dollars.
- Gas for your home – if you are not shopping for lower priced utility providers you are spending too much. This is a must.
- Credit Cards – While it is best not to have credit card debt, it is also not a good idea to pay high interest on the debt if you have it. Shop around for a favorable balance transfer and then work like crazy to pay it off before the better offer expires.
- Eating out – while we love to eat out, it is also possible to look up a fancy recipe on YouTube and cook a great meal at home for a fraction of the price. Better yet, have a pot luck with friends and you will all have a good time with little cost and more fun.
These are just some of the money traps you may be falling into and wasting your hard earned cash where you do not need to.















Homeowners Insurance – Every year, your insurance company sends you the renewal papers to find out whether anything has changed. From the coverage of your home to other structures in your property, the coverage you have for the home has to make sense to you. If you have a $1,000 deductible, consider all the $1,000 additional coverage charges your insurance company is charging you every year.Your deductible comes first to pay for these losses. Why pay for them every single year if at the end you will be paying out of pocket anyway? You must have home insurance to protect your home, but you have to be vigilant about what your insurance company is charging you. If you need more information or want to find more about home insurance follow this link. 

Americans buy billions of dollars worth of merchandise every year. From clothing, toys, and electronics to the most unnecessary items on their lists. If you are a person who likes shopping or buy things online, a membership like this can give you an extensive list of options while comparing quality and prices all from one place.




1. Shop around – Some of the best apps for your iPhone that are free and can save you money right away are:
Home Saving Tips