10 Things You’re Spending Too Much Money On

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A big part of saving for your future is ensuring that you are able to stick to a budget. However, this doesn’t mean you must sacrifice all your favorite things.

In most cases, it’s not what we are spending our money on but how much we are wasting unnecessarily. With a few simple changes, you could save thousands of dollars every year.

In this article, we will discuss ten things that you’re potentially spending too much money on.

Sound interesting? Then let’s get started.

Utility Bills

Utility bills, including gas, water, and electricity, are one of your most significant life expenses. While they will always be something you have to pay for, there are plenty of tips you should already be following to reduce their cost.

Of course, you may already be aware of general rules such as shortening the length of your shower time and turning off lights, but there are also investments you can make. For example, low-flow faucets are excellent, as well as monocrystalline, polycrystalline, or thin-film solar panels.

Subscription Services

Subscription services are essential to today’s entertainment, but chances are you don’t need as many as you have. How often do you really sit down and watch television or listen to music? Do you use them every day or once every few weeks?

It might be time to reassess what you are paying for and see whether or not you can live without them. One or two may be all that you require to get your binge-watching fix. 


The average American spends more than $2,327 a year on coffee! While we don’t expect anyone to give up this life source, there certainly are things you can do to cut expenses down.

Instead of buying at your local café, try switching to making your own brew at home. Check out these coffee recipes to get started. You’ll still be able to get your fix while saving some extra cash.


There are a lot of different types of insurance we will need in our lives, and many of them are absolutely essential. But, most of us are paying way more than necessary because we aren’t doing enough initial research.

With a vast selection of insurance companies out there, it’s possible to find an excellent policy and plan that offers adequate coverage without costing a fortune. You just need to spend the time comparing your choices.

Brand Name Products

We get it – brand-name products are exciting. When you use a well-known item, you fit in with the crowd and know that you are getting something of excellent quality.

However, most people don’t realize that generic items are often just as good and are made out of almost the same ingredients and materials. While you don’t need to give up everything, a few switches are definitely worth it.

Next time you reach for one of these, be sure to see if there is a more affordable option:

– Medication 

– Cleaning Products

– Food Staples

– Personal Care

– Beverages


Speaking of brands, clothing is another thing that many of us spend way too much money on. On average, people splash out around $100-$200 a month, with some individuals in the thousands.

Again, you don’t have to give up wearing luxurious clothing as we all deserve to spoil ourselves. But, you may want to hit your local thrift shops instead of the mall occasionally. 

These secret tips can help you get started, and you will be amazed at what you can find.

Cable Television

Cable television is quickly becoming a thing of the past, and the reality is that subscription services are way better. Of course, you shouldn’t have too many (which we already discussed above), but they can also keep your entertainment costs way down.

Just do your research and look for streaming services with series and movies that suit your interests. Amazon Prime Video, Hulu, and Netflix are a few places to check out if you haven’t already.


The expenses associated with transport are becoming astronomical, and at times, it may feel like your wallet is being spent entirely on repairs and gas. Although, as much as you may love your car, you probably don’t need to use it as much as you currently do.

Every once in a while, you might consider taking public transport, carpooling with friends, riding a bike, or walking. A few different decisions could save you hundreds every year.

For those that have no choice, try and focus on preventative maintenance. There are also apps that can help you find the cheapest gas station in a matter of minutes.

Eating Out

Not all of us are home cooks, and ordering takeout or visiting your local restaurant is enticing after a long day’s work. Nevertheless, if you want to budget and save, it’s one of the first places you should start.

Grab some kitchen utensils and have a go at making a few beginner recipes. You can even consider meal prepping on your days off so that you don’t have to spend hours behind the stove every night. It’s a great habit to get into and will also significantly reduce the cost of your next grocery trip. 

Gym Memberships

The gym is an important place and is a great way to keep our fitness and health in check. However, as you may already be aware, memberships are becoming incredibly costly, especially for well-known establishments.

If you’re not using the facilities as much as you would like, think of switching to a more affordable location. You might even try creating your own home gym or doing outdoor work-outs in public places instead.

Final Words

Splurging is fun and exciting, but it can dramatically impact your financial health in the future. If you haven’t previously gone over your expenses and budget, now is the perfect time to do so. You may find that you can make a few changes that you won’t even notice at all.


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