Did you know that about 20% of American households have no savings at all? It’s not only shocking because no one knows what unexpected costs can suddenly arise, but also what can be easily fixed. No matter how much you earn, there are wasteful habits we are all used to. The key to salvation is to get rid of this STAT. Here are 10 daily habits to stop:
1. Too much takeout.
Of course it is easy to buy something for dinner at the end of a hard day and it doesn’t really seem that expensive, but it can actually cost a lot of money. The same food will only cost you a fraction of the price if you do it at home! A good way to reduce the amount of takeaway food, especially if you work long hours, is to prepare the food or plan days when everyone takes turns cooking at home.
2.Insufficient physical activity
Nowadays people are so busy that most of them lead a sedentary lifestyle consisting of very few physical exercises. It may seem illogical to say that you need to work a little less to gain time for exercise, but it is something that will benefit you – physically, mentally and financially – in the long run. A healthy mind and body means less risk of getting sick, which means fewer bills.
3. impulse buying
You see something, you want it, you buy it. You’ll probably regret buying it in a few days. A good advice to reduce unnecessary purchases is to introduce a 7-day waiting period. See anything you like? Wait 7 days and see if you like it. You must have forgotten everything!
4. Buy coffee every day
Every morning, on the way to work in your favourite café, it feels like you have to do something, like brush your teeth or put on shoes. But did you know that a cup of coffee is about 400% more expensive than at home? Think of the money you can save by breaking this habit!
5. Do not buy it in bulk.
Most supermarkets offer everyday goods in large quantities, at much lower cost than buying them individually. Beware of products/brands that you primarily want to buy in large quantities, but you can save a lot of money by buying things you know you will use in the package – for example toilet paper.
6. Do not use online subscription services
Just like wholesale shopping in the supermarket, you can save a lot of money by using subscription offers on online shopping platforms. Depending on the offer, you can save between 5 and 20%. These products are ideal for household items such as dishes, soaps or even diapers that you know you need to refill every month/week
7. The cleaning
Take care of minor repairs at home as soon as possible. It is important to eliminate the problem in the bud so that it does not become a much bigger problem, the solution of which requires much more money and time.
8. Smoking and drinking
These habits are not only bad for your health, but can also take up most of your finances. Furthermore, these unhealthy habits can lead to medical complications, which of course cost more! Most people don’t think about reducing these vices, but the benefits to your health and finances are undeniable.
9. Using the phone as an evaluation card.
You pick up the phone during a break from work and before you know it, the 10 minute break is extended to 30 minutes. Not only does constant scrolling reduce productivity, but too much time spent on social networking sites or “window-shopping” on online shopping sites can make you want to buy things you don’t really need.
10.Buy cheap clothes.
In today’s society we are always looking for the best deals, the cheapest options, the most fashionable things. Although the only item you buy may seem cheap, cheap clothes are often of very poor quality and last only for a short time. This means that you are pushed to buy more and more, and more and more.
Before you know it, you will be spending more than expected on cheap, poor quality clothes. Ideally, you should buy a quality product that you know you can use.