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.

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#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 can I stop wasting money? ›

Here are 7 steps on how to avoid overspending.
  1. Understand what you're spending money on.
  2. Set a savings goal.
  3. Bring your goals to life.
  4. Automate your decisions.
  5. Picture the alternative.
  6. Pay off debts where possible.
  7. Set up alerts.

How do I learn not to waste money? ›

Here are some steps to help you curb unnecessary spending: Create a Budget: Start by creating a detailed budget that outlines your income, expenses, and financial goals. This will help you gain a clear understanding of where your money is going and where you want it to go.

How can I avoid spending more money? ›

Solutions for Overspending
  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 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

How can I improve my money spending habits? ›

How to Change Bad Spending Habits
  1. Set a Monthly Budget. ...
  2. Reduce Credit Card Spending. ...
  3. Avoid Large Impulse Purchases. ...
  4. Make a Grocery List and Start Meal Planning. ...
  5. Take Advantage of Better Pricing Options. ...
  6. Avoid Fees and Other Unnecessary Charges. ...
  7. Monitor Your Usage. ...
  8. Think of Your Future and Focus on Goals.
May 28, 2023

What are the four walls? ›

Personal finance expert Dave Ramsey says if you're going through a tough financial period, you should budget for the “Four Walls” first above anything else. In a series of tweets, Ramsey suggested budgeting for food, utilities, shelter and transportation — in that specific order.

How to budget $4,000 a month? ›

making $4,000 a month using the 75 10 15 method. 75% goes towards your needs, so use $3,000 towards housing bills, transport, and groceries. 10% goes towards want. So $400 to spend on dining out, entertainment, and hobbies.

What is the pay yourself first strategy? ›

What is a 'pay yourself first' budget? The "pay yourself first" method has you put a portion of your paycheck into your savings, retirement, emergency or other goal-based savings accounts before you do anything else with it. After a month or two, you likely won't even notice this sum is "gone" from your budget.

How much should I save each month? ›

How much should you save each month? For many people, the 50/30/20 rule is a great way to split up monthly income. This budgeting rule states that you should allocate 50 percent of your monthly income for essentials (such as housing, groceries and gas), 30 percent for wants and 20 percent for savings.

Why am I addicted to wasting money? ›

Many people develop an addiction as a way to cope with their emotions. This is the same for people with a shopping addiction. Compulsive shopping and spending may be a way for you to avoid or mask negative and uncomfortable feelings, such as sadness, boredom, stress and anxiety.

What is the disorder of wasting money? ›

The literature has identified eight distinct behavioral patterns associated with money disorders: pathological gambling, excessive spending and compulsive buying, gambling-related behaviors, restrained spending and compulsive hoarding, workaholism, financial dependence, financial enabling, financial denial/rejection, ...

Why do I have a hard time spending money? ›

It's common to worry about money, but some people have an irrational fear of spending money, says Aimee Daramus, PsyD, a licensed clinical psychologist and author of “Understanding Bipolar Disorder.” The phobia of spending money is called chrometophobia .

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