5 Things to Stop Wasting Money On (2024)

5 Things to Stop Wasting Money On (1)

So, if you haven't figured it out by looking around my blog a bit, I like my life to be pretty clean, organized, and simple. I think distractions like clutter and messes get in the way of life. I like my

house

apartment to be clean and available if a guest wants to come over. I like to know where my things are so I don't have to waste time looking for things, or waste money buying replacements. I once heard a quote by William Morris, "Have nothing in your house that you do not know to be useful, or believe to be beautiful." Ever since I heard this, it has pretty much been my motto for organizing everything.

Like I mentioned, I realllllly do not like to waste money. I have student loans to pay for pharmacy school, and I refuse to go more into debt by buying unnecessary things. Here is my list of 5 things that everyone can easily stop wasting money on.

#1: Gift Bags. I knowmost people

hate saving/stashing gift bags hoping to save a few bucks

recognize that saving gift bags from gifts that have been given to you is the easiest way to collect gift bags and avoid purchasing them.I have also found that gift bags are one thing worth buying ahead of time when I find a good deal. There will always be another birthday party/wedding/ baby shower to go to where I can use the gift bags I have saved. Gift bags that cost $4+ are NOT a good deal. The DollarTree stores have gift bags for $1 that are sometimes just as cute as the bags at gift shops. Target DollarSpots at the front of their stores often have cute gift bags for $1. Or if you're lucky you can find a 50% Target DollarSpot and buy a few for 50 cents each!

5 Things to Stop Wasting Money On (2)

#2: Cards. Call me old fashioned, but I still send hand-written thank you notes for all gifts I receive. I also like to include a hand written card with every birthday/wedding/baby shower gift I give. Therefore, I go through a lot of cards. This point is similar to tip #1, except definitely don't reuse cards that have been given to you already :) But, cards that cost $4 are not a good deal. An 8-pack of cards for $10 is not a good deal. Look for clearance sales for thank you notes and buy an 8-pack for $2. The Target DollarSpot is another place I find really cute cards for a good price. Target Coupons and Cartwheel also frequently take 20% off greeting cards. Also, the receivers would probably rather you spend the extra $5 on their actual gift than on the cutest card. The handwritten, personal note on the inside of the card is much more important than whatever is on the front of it, I promise!

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#3: Magazines. As much as I LOVE Pinterest, I also really appreciate flipping through actual pages of actual magazines. But, $4+ per issue at the grocery store will add up very quickly. If you like a certain magazine, the yearly subscription is usually over a 50% discount compared to buying each magazine individually. Also, RecycleBank is a website that allows you to earn points for reading things about recycling. I have used RecycleBank points to buy 5 or 6 different year-long magazine subscriptions for FREE. Sign up for RecycleBank here if you haven't already!

#4: Things we forget when we've left home. Being completely prepared and avoiding last minute purchases is nearly impossible. That's why I keep a little box in the back of my car with things that I am likely to forget. Things in this box include: a rain jacket, poncho, umbrella, gift bag, gloves. I also have a tiny cosmetic bag I keep in my console that has other items I sometimes am "desperate" for: mascara, concealer, hair ties, bobby pins, pens, pencils, post it notes. Having these things on hand when I am away from home saves me from running in the nearest CVS and buying them when I am out and about.

5 Things to Stop Wasting Money On (4)

#5: Anything you can buy with a coupon. Especially toothpaste, shampoo/conditoner, razors. You can seriously get these things for FREE. Like you, I don't have time to go through all the ads each week and compare items to purchase with coupons. Thankfully, there are some websites with wonderful people who do that for us. I can just click their website, quickly scroll for items that interest me, print what they tell me to print, and take them to the stores they tell me to take them to. Some of the websites I use for coupons are: TotallyTarget, All Things Target, and Krazy Coupon Lady. It's easier than you think! I don't use coupons for everything I buy, but when I see a good deal (especially a FREE deal), I buy a couple of the items. Remember, "have nothing in your house that you do not know to be useful or believe to be beautiful." This includes couponing for free things that you have absolutely no use for. You can, however, donate free things to local shelters or Goodwill Stores.

5 Things to Stop Wasting Money On (5)

Simplify. Organize. and have more space in your world for actually living. It's definitely worth it!

5 Things to Stop Wasting Money On (6)

5 Things to Stop Wasting Money On (2024)

FAQs

How do I stop wasting so much money? ›

Here are some ideas to help you stop spending money and build healthier financial habits:
  1. Create a Budget. ...
  2. Visualize What You're Saving For.
  3. Always Shop with a List. ...
  4. Nix the Brand Names. ...
  5. Master Meal Prep.
  6. Consider Cash for In-store Shopping. ...
  7. Remove Temptation.
  8. Hit “Pause"
Jan 19, 2023

What most money is wasted on? ›

Credit Card Interest

Credit card interest is also one of the things people waste the most money on. According to a report by NerdWallet, credit card households spent an average of $1,155 in 2023. The interest paid by self-employed people was even higher, recorded at $1,539 during the same year.

What shouldn't you spend money on? ›

50 Things to Stop Wasting Your Money On
  • ATM Fees. Paying for ATM fees is like feeding your money into a paper shredder. ...
  • Bottled Water. Not only does bottled water cost more, many cities' tap water is often as clean. ...
  • Bulk Groceries. ...
  • Cell Phone Data. ...
  • Coffee. ...
  • Fancy Gadgets. ...
  • Flavored Beverages. ...
  • Gasoline.
May 9, 2017

How to stop spending and save? ›

Nine ways to tackle compulsive spending
  1. Get to know your spending triggers. ...
  2. Track your spending. ...
  3. Work out your reasons for buying something. ...
  4. Control how you use your card. ...
  5. Avoid temptation. ...
  6. Get your retail highs another way. ...
  7. Set a realistic budget. ...
  8. Get help from a friend.

How to avoid unnecessary spending? ›

7 effective tips for reducing your expenses
  1. Know where your money goes. Writing down what you spend for a week has been found to improve financial confidence. ...
  2. Create spending categories. ...
  3. Only spend on what matters most. ...
  4. Make the most of “monthlies” ...
  5. Eliminate impulse buys. ...
  6. Save on interest where you can. ...
  7. Consider deferment.

How to stop spending money for 30 days? ›

How to be Successful in a No-Spend Month, 10 Tips and Tricks
  1. Choose the right month. ...
  2. Research free activities to do in your local area. ...
  3. Put your money away to reduce the temptation. ...
  4. Get your friends and family involved. ...
  5. Remind yourself why you're committing to a no-spend month. ...
  6. Track or monitor progress.
Nov 21, 2022

How to save money fast? ›

Canceling unnecessary subscriptions and automating your savings are a couple of simple ways to save money quickly. Switching banks, opening a short-term CD, and signing up for rewards programs can also help you save money. Making a budget and eliminating a spending habit each day can help lead to long-term savings.

How to stop buying so much stuff? ›

Identify and remove your spending triggers
  1. Unsubscribe from store newsletters or lists of things you can buy.
  2. Delete apps that make buying easy from your phone.
  3. Don't save credit card information on sites where you shop—if you need to purchase something, enter the card info manually.

What poor people waste their money on? ›

Warren Buffett: 12 Things Poor People Squander Money On
  • Neglecting Personal Development. ...
  • Relying On Credit Cards. ...
  • Frequenting Bars and Pubs. ...
  • Chasing the Latest Technology. ...
  • Overspending on Clothes. ...
  • Buying New Cars. ...
  • Unused Gym Memberships. ...
  • Unnecessary Subscription Services.
Apr 22, 2024

What is the biggest killer of wealth? ›

  • #1 Biggest Wealth Killer: Debt.
  • Wealth Killer #2: Poor Financial Planning.
  • Wealth Killer #3: Living Beyond Your Means.
  • Wealth Killer #4: Not Investing.
Mar 27, 2024

What are money wasters? ›

The Bottom Line. Shopping at convenience stores, wasting money on magazines, and high credit card and bank fees are easy ways to waste money. Taking some time to go over your spending habits could be well worth your time. Open a New Bank Account.

What are the 5 disadvantages of money? ›

The following are the various disadvantages of money:
  • Demonetization - ...
  • Exchange Rate Instability - ...
  • Monetary Mismanagement - ...
  • Excess Issuance - ...
  • Restricted Acceptability (Limited Acceptance) - ...
  • Inconvenience of Small Denominators - ...
  • Troubling Balance of Payments - ...
  • Short Life -

What three things would you never spend your money on? ›

Here are 7 things that smart people never spend their money on.
  • Late fees. Smart people absolutely refuse to throw their hard earned money away. ...
  • Paper products. ...
  • Brand new car. ...
  • Services they can do themselves. ...
  • Snack size convenience foods. ...
  • Full price clothing and accessories. ...
  • Unsatisfactory tax preparation.

What's something you would never splurge on? ›

Things I Never Splurge My Money On
  • Room Service. There's just something about room service that isn't for me. ...
  • First Class Tickets. Okay, if I HAD the money, I would 100% splurge on this. ...
  • Expensive Shampoos And Conditioner. ...
  • The Expensive Restaurant. ...
  • Elite Designer Items. ...
  • White Tees.

How can I force myself to stop spending money? ›

— there are solutions.
  1. Leave your credit cards at home when you go out. In fact, leave your debit card at home too. ...
  2. Freeze your cards in a cup of water. ...
  3. Don't use your credit cards like a debit card. ...
  4. Create a Needs vs. ...
  5. Learn to shop smarter. ...
  6. Take the "impulse" out of impulse buys.

What is the condition where you can't stop spending money? ›

Shopping addiction, which is also known as compulsive shopping disorder, is where the desire to make purchases or spend money becomes so great that it causes you to lose control over whether you act on these urges or not.

Why can't I stop spending money? ›

You might spend to make yourself feel better. Some people describe this as feeling like a temporary high. If you experience symptoms like mania or hypomania, you might spend more money or make impulsive financial decisions. You might have an addiction or dependency which makes you spend money.

What are uncontrollable expenditures? ›

• uncontrollable spending: budget. expenses that are either fixed by federal. law or are largely out of the government's. control from year to year.

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