waste of money

Pexels/Daria Shevtsova

Have you checked your wallet or bank statements lately? If you feel you are overspending on certain things, your gut intuition is probably right. It’s nice to enjoy small luxuries now and then to make life comfortable. However, you might be senselessly throwing away your money on simple everyday things that can be replaced or avoided.

Grabbing that disposable bottle of water

Making sure to drink enough water throughout the day is essential to enjoying good health and maintaining a healthy weight. Grabbing a disposable bottle of water anytime you want to quench your thirst is irresponsible for the environment and is another frivolous money leak. Choose a refillable and reusable water bottle instead to keep hydrated and do your part to lower your carbon footprint.

Feeling lucky with lottery tickets

Life isn’t easy, and there aren’t any get rich quick schemes that will last for long. One of the easiest ways to leak money is to waste it weekly or daily on lottery tickets, hoping you’ll strike paydirt. The statistics are stacked against you, and the chances you’ll walk away from a lottery ticket a multi-millionaire are slim to none. You’re better off investing that money than spending it on tickets.

Coughing up for brand name drugs

You don’t have to go south of the border to scoop up a discount on prescription drugs. Next time you need a refill on your medications, choose a generic option instead. Many brand name drugs pass on increased costs to consumers, creating sticker shock and draining personal income. Most generic drugs are just as effective and cost a lot less.

Putting up with ATM fees

Thanks to disruptive technology, ATMs have replaced having to wait in long lines to get your money from a bank teller. However, instead of losing money via ATM fees, you can avoid ATMs altogether by using alternative payment methods via your smartphone. If you have to use an ATM, only use one that doesn’t charge a fee.

Paying out at the pump

You love your ride, so you choose to only fill the gas tank with the best premium petrol available. However, your car is capable of operating just fine when you fill it up with regular at the gas station. Don’t believe the hype and save your wallet from draining out more than it should, instead of giving your car the luxury treatment for fuel.