5 Things to Stop Wasting Money On (2024)

5 Things to Stop Wasting Money On (1)

So, if you haven't figured it out by looking around my blog a bit, I like my life to be pretty clean, organized, and simple. I think distractions like clutter and messes get in the way of life. I like my

house

apartment to be clean and available if a guest wants to come over. I like to know where my things are so I don't have to waste time looking for things, or waste money buying replacements. I once heard a quote by William Morris, "Have nothing in your house that you do not know to be useful, or believe to be beautiful." Ever since I heard this, it has pretty much been my motto for organizing everything.

Like I mentioned, I realllllly do not like to waste money. I have student loans to pay for pharmacy school, and I refuse to go more into debt by buying unnecessary things. Here is my list of 5 things that everyone can easily stop wasting money on.

#1: Gift Bags. I knowmost people

hate saving/stashing gift bags hoping to save a few bucks

recognize that saving gift bags from gifts that have been given to you is the easiest way to collect gift bags and avoid purchasing them.I have also found that gift bags are one thing worth buying ahead of time when I find a good deal. There will always be another birthday party/wedding/ baby shower to go to where I can use the gift bags I have saved. Gift bags that cost $4+ are NOT a good deal. The DollarTree stores have gift bags for $1 that are sometimes just as cute as the bags at gift shops. Target DollarSpots at the front of their stores often have cute gift bags for $1. Or if you're lucky you can find a 50% Target DollarSpot and buy a few for 50 cents each!

5 Things to Stop Wasting Money On (2)

#2: Cards. Call me old fashioned, but I still send hand-written thank you notes for all gifts I receive. I also like to include a hand written card with every birthday/wedding/baby shower gift I give. Therefore, I go through a lot of cards. This point is similar to tip #1, except definitely don't reuse cards that have been given to you already :) But, cards that cost $4 are not a good deal. An 8-pack of cards for $10 is not a good deal. Look for clearance sales for thank you notes and buy an 8-pack for $2. The Target DollarSpot is another place I find really cute cards for a good price. Target Coupons and Cartwheel also frequently take 20% off greeting cards. Also, the receivers would probably rather you spend the extra $5 on their actual gift than on the cutest card. The handwritten, personal note on the inside of the card is much more important than whatever is on the front of it, I promise!

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#3: Magazines. As much as I LOVE Pinterest, I also really appreciate flipping through actual pages of actual magazines. But, $4+ per issue at the grocery store will add up very quickly. If you like a certain magazine, the yearly subscription is usually over a 50% discount compared to buying each magazine individually. Also, RecycleBank is a website that allows you to earn points for reading things about recycling. I have used RecycleBank points to buy 5 or 6 different year-long magazine subscriptions for FREE. Sign up for RecycleBank here if you haven't already!

#4: Things we forget when we've left home. Being completely prepared and avoiding last minute purchases is nearly impossible. That's why I keep a little box in the back of my car with things that I am likely to forget. Things in this box include: a rain jacket, poncho, umbrella, gift bag, gloves. I also have a tiny cosmetic bag I keep in my console that has other items I sometimes am "desperate" for: mascara, concealer, hair ties, bobby pins, pens, pencils, post it notes. Having these things on hand when I am away from home saves me from running in the nearest CVS and buying them when I am out and about.

5 Things to Stop Wasting Money On (4)

#5: Anything you can buy with a coupon. Especially toothpaste, shampoo/conditoner, razors. You can seriously get these things for FREE. Like you, I don't have time to go through all the ads each week and compare items to purchase with coupons. Thankfully, there are some websites with wonderful people who do that for us. I can just click their website, quickly scroll for items that interest me, print what they tell me to print, and take them to the stores they tell me to take them to. Some of the websites I use for coupons are: TotallyTarget, All Things Target, and Krazy Coupon Lady. It's easier than you think! I don't use coupons for everything I buy, but when I see a good deal (especially a FREE deal), I buy a couple of the items. Remember, "have nothing in your house that you do not know to be useful or believe to be beautiful." This includes couponing for free things that you have absolutely no use for. You can, however, donate free things to local shelters or Goodwill Stores.

5 Things to Stop Wasting Money On (5)

Simplify. Organize. and have more space in your world for actually living. It's definitely worth it!

5 Things to Stop Wasting Money On (6)

5 Things to Stop Wasting Money On (2024)

FAQs

How can I stop wasting money? ›

Here are 7 steps on how to avoid overspending.
  1. Understand what you're spending money on.
  2. Set a savings goal.
  3. Bring your goals to life.
  4. Automate your decisions.
  5. Picture the alternative.
  6. Pay off debts where possible.
  7. Set up alerts.

How to stop spending money on useless things? ›

Take time out to plan your shopping for the week. The fewer times you visit the supermarket or convenience store, the fewer opportunities you'll have to buy impulsively. Planning meals ahead can also avoid those last-minute costly spends on takeaways.

How to stop being bad with money? ›

How to Break the Bad Money Habit
  1. Live within your means. Reserve your credit card for purchases you can pay off quickly to avoid or minimize interest payments. ...
  2. Pay more than the minimum. ...
  3. Choose your card wisely.
Mar 29, 2024

Why should we not waste money? ›

Not wasting money is about caring about yourself and those around you. While it can sometimes seem easier to lack self-restraint and spend like crazy, at the end of the day, it's a good thing to save money and to enjoy what you do have.

How to do no spend days? ›

For the no-spend challenge, you pay for essentials only for a set period of time. Thirty days is pretty common, so you might hear it called a no-spend month too. Basically you're covering your Four Walls (food, utilities, shelter and transportation) and other necessities, but you're saying no to all the extras.

What is a no spend challenge? ›

Updated Fri, Mar 29 2024. Liz Knueven. The “no-spend” challenge has been around for years but gained new life in 2024, thanks to TikTok and No Spend January at the beginning of the year. Participants are encouraged to go on a spending “fast” by abstaining from buying anything but the barest essentials.

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings.

How to spend money wisely? ›

In this article:
  1. Create and Stick to a Budget.
  2. Prioritize Needs Over Wants.
  3. Use Your Credit Card—but Pay It Off Each Month.
  4. Know Your Values—and Your Triggers.
  5. Reduce Spending Where It Makes Sense.
  6. Consider Long-Term Costs.
  7. Limit Your Payment Options.
Mar 23, 2024

What most money is wasted on? ›

Credit Card Interest

Credit card interest is also one of the things people waste the most money on. According to a report by NerdWallet, credit card households spent an average of $1,155 in 2023. The interest paid by self-employed people was even higher, recorded at $1,539 during the same year.

Why is too much money bad for you? ›

Though the term is meant to be humorous, there seems to be truth to it. Studies have actually found that wealth may be at odds with empathy and compassion. Gamble agreed, arguing that having “too much money” can lead to acting more selfishly or recklessly.

Is it bad to spend money on food? ›

What is your preferred diet? If you are trying to eat healthy, then spending a little extra on quality food may be worth it in the long run. However, if you are not too concerned about eating healthy, then saving money by eating at home or bringing your own lunch to work may be the better option.

Why am I addicted to wasting money? ›

Compulsive spending is a response to an emotional problem, says Yarrow. The person could be bereaved or dealing with anxiety, anger, depression or some other emotional issue. Those emotions can trigger spending, along with fear, guilt, shame, doubt or feelings of inadequacy, among many others, according to Benson.

What is the disorder of wasting money? ›

For someone to be classified as suffering from chrometophobia, they'll likely experience the following: Feelings of intense fear, panic or anxiety that are difficult to manage. Fear or anxiety that is out of proportion to the situation. A fear of spending money that lasts for a minimum of six months.

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