6 Things You Spend Too Much Money On

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No one wants to run out of money before the end of the month, but it’s a major issue that many people have to face. Although you may wonder long and hard why you have such little cash, the answer is quite simple - You’re spending too much of it. Financial stability does take discipline, so, if you’re paying out without thinking, even on little things, it’s going to have an impact. To protect your budget, here are six things that you should stop spending so much money on.

1. Gym Memberships

The importance of regular exercise can’t be stressed enough, but that doesn’t mean you should have to pay through the nose for it. In the right hands, a gym membership can be a solid investment, but if you only workout once or twice a week, you should consider canceling your payments. Instead, work out for free by borrowing exercise DVDs or joining free classes.

2. Takeaway Coffees

A takeaway coffee on the way to work may not seem all that expensive, but, at around $5 a cup, you could find yourself spending hundreds over just one year. With that in mind, you should try brewing your own joe at home. By heading out with a reusable cup of coffee in hand, you get your caffeine fix for less, while also helping out the environment a little. It really is a win-win.

3. Phone Calls

In a world of messaging and facetime, many of us go months without needing to make a phone call. However, if you work from home or have a loved one in prison, you might be making them every day. This quickly adds up. For inmate families, you can cut this cost by using a jail call service. You can save on your business landline by shopping for phone and internet bundles.  

4. Utility Bills

Electricity and gas are two of the biggest household expenses you need to contend with, especially during winter. However, with some thought, you don’t need to pay an arm and a leg to keep out of the cold and dark. Rather than turn up your thermometer, grab a jumper or insulate your home. You can also reduce wasted electricity by turning off switches at the socket.

5. Cable Television

On a cold and gloomy day, there’s nothing quite like getting cozy on the couch in front of the television. Thankfully, these days, you don’t need to pay increasingly costly cable bills to do it. Instead, switch to a streaming service, for thousands of shows and movies at your fingertips. You can watch these services on your TV using games consoles or smart boxes.

6. Late Fees

While it’s often best to pay for things with your own money, using a credit card now and then can be quite beneficial. However, when you start to miss your payments, the late fees you’ll soon be landed with can begin to build up quickly. To avoid this unnecessary debt, you should only use credit when you can make the repayments. You should also set your bills to pay automatically.

Unnecessary purchases can quickly build up, wreaking havoc on your budget and financial stability. Instead of wasting your money, cut costs with the advice above.