People waste a lot of money. Everyday, we follow familiar patterns without giving much thought to the options and implications. Recently I was reading an article about spending and my jaw dropped when I added it all up.
First, let’s not waste our money. As Canada’s Money Coach, I’ll help you trim your expenses and put more money where it should be … in your control.
Let’s start and prepare to shake your head over this waste:
- We all love our morning coffees, don’t we? But, if we were to skip that $5 fancy latte just one day a week we’d have an extra $260 in a year. Two days a week and we are looking at $520. It adds up quickly, so think about making your coffee at home.
- This one made me laugh. Those doggie ‘poop’ bags that dog owners carry around with them when they take Fido for a walk. Some of them even come scented in chocolate! They are not cheap. What do we use them for? Exactly. Try re-using old grocery or produce bags. You’ll save money, Fido won’t be offended.
- Pre-sliced apples. Celery and dip ready to go. Are you kidding me? Buy the real products and get your knives out. It may take a few more minutes to prepare, but you’ll have fresher food and your pockets will jingle again.
- Nails. Ladies, we love to treat ourselves to a mani and a pedi don’t we? But when did going out to get one every three weeks become the norm? Add it up. A monthly session at the nail salon averages $50, that’s before before tip. That’s a whopping $600 a year. What could you do better with that money? Lots.
- Who has more than one way to crush garlic, dice an onion or brew the coffee? Yes, I’m talking to you with all those fancy kitchen gizmos that you bought on impulse. I was just as guilty. Not only were my gadgets taking up a lot of space, I only used them once or maybe twice before I stuffed them in a drawer or put them in a cupboard. Take stock of what you have, buy only what you really need. You may even make some extra cash by selling the appliances who’s only job is to collect dust. I know I did.
Those are just a few ideas and places where you can cut waste and save your money. Between nails and coffee you’ve already saved more than $1,000. Finally, you don’t have to buy all you see. Don’t pay a higher price for convenience products. These can be money pits and traps. In the end, there are lots of ways to trim your expenses.