Finance

10 Unnecessary Wastes of Money You Don’t Think About

10 Unnecessary Wastes of Money You Don’t Think About
Written by Geoffrey Hand

Wasting Money!

A very infamous subject that alot of us either avoid or glance over whenever its brought up.

But, because we love you and we want you to be financilay free and sound, we’ll cover here the 10 Unnecessary Wastes of Money You Don’t Think About.

They are so subtle and we do them all the times that we don’t even consider them wasterful.

10 Unnecessary Wastes of Money You Don’t Think About

Money. Just about everybody has an opinion on it, and most of us wish we had more of it.

Look around you, though. Doesn’t it seem like a lot of us can’t spend our funds fast enough? From cash advances to time shares and constant tech upgrades, we fall for that old rationalization: “It’s only money — I can always make more of it.”

What is money for, anyway, except to enjoy?

You work hard for a living and deserve all the perks that salary will buy. Be daring, not dull.

Thinking like that is a great way to put yourself perpetually into debt, or at least living paycheck to paycheck. With tongue firmly planted in cheek, here are 10 surefire ways to blow your money.

1. Drive a super-hot car. It goes without saying that your wheels will be expensive. The best always costs more, right?

So what if a high-octane sports car or top-of-the-line luxury vehicle is a bit beyond your price range? These days you can get an eight-year car loan. Drive on!

2. Buy a huge home in a posh neighborhood. Many of us believe that where we live should make a statement: “I’m successful! Look at my house!”

With this mentality, bigger always be better. After all, you might decide to have kids someday. Each child will need his or her own room. You’ll also want a hobby room, a man cave, a family room …

Don’t worry about saving up a large down payment, or having to swing a monthly payment that leaves you at the edge of your budget. Remember, you’ve got the rest of your life to work and pay it off!

3. Decorate on a grand scale. Think how much fun you and your significant other will have making that house your own. Start by buying a bunch of home decor magazine and books. Then, watch as much HGTV programming as one human possibly can stand.

Maybe you can hire an interior decorator to come up with grand designs that will make family and friends ooh and ah. No money? No problem! Just sign up for zero percent financing for three years and get all the furnishings you want.

Yes, the bill will come due someday. But that is just some other time, right?

4. Eat out often. Why spend your valuable free time slaving over a hot stove. Sure, it’s less costly than eating out. But by spending at every dining option in your area, you are doing your part to help the local economy.

Your kids will benefit by having tried varied cuisines, even if they refuse to eat a lot of it. Making cooking more of a hobby than a habit is a time-honored way to blow money.

5. Try new stuff, constantly. Hobbies are good for you! Whether it’s taking up a new sport, art or craft, learning new things keeps life interesting.

Sure, it can be expensive, especially if you splurge for top-of-the-line supplies. But that’s the price you pay — you can’t impress everyone on the golf course by pulling around a bag of bargain clubs, can you?

And what if most of these new hobbies come to nothing, and those expensive golf clubs or quilting fabrics end up collecting dust? Oh, well — you only live once.

This article By Donna Freedman appeared first on the Daily Finance Blog on Nov 4th. – Continue here to finish reading the last 5 Unnecessary Wastes of Money You Don’t Think About

Like this article? Give it a share and spread the money-saving wisdom!

Till we speak again,
Spend Wisely, Live Freely and Love Openly!

Geoff Hand

 

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About the author

Geoffrey Hand

Geoff Hand is the Co-Founder and Chief Executive of Operations of The Valhalla Mind Institute. He speaks several languages, loves animals, horticulture, the outdoors, traveling and coaching. Geoff brings his long list of professional accomplishments, achievements, and awards through association with the likes of the United States Department of State, The Society of Human Resources and Growth to Valhalla Mind and its offerings. Geoff’s vast background includes leadership, sociology, organizational restructuring. Geoff is a training technology expert, personal and professional development coach, meditation composer and entrepreneur.

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