11 things about You are possibly Overspending Money On
one thing about the baller lifestyle of the wealthy is the money in the bank is what backs the lifestyle before the boats came a solid wealth portfolio
and your fastest route to wealth is only to spend what you need to for
this reason we compiled a list of the 11 things you're possibly over spending on
Number One
number one the latest version of products the reason most people upgrade is because great marketing campaigns tell them they need the latest product tweaks yet
we all know that the launch prices are inflated and quickly drop wait until the product has been on the market for a while
and will cost less what the real wealthy only upgrade when they have to so why not adopt the billionaire mindset now for your future status
Number Two
number two textbooks textbooks aren't exactly a choice expense but they are really expensive unless you're a highlighter addict then you don't need a brand new or a paper version
many textbooks are distributed online for free or much less in digital format don't forget to sell your textbooks once you're done
very few of them are needed for future reference especially in your undergrad years
Number Three
number three weddings baby showers gender reveals stork party etc oh wow has social media fanned the hype of these events these types of parties have become big business taking advantage of anyone wanting to one up their peers with more elaborate proposals showers and gender reveal spectacles
the truth is it does nothing to secure your marriage or determine your baby's future what can help is money in the bank
Number Four
number four owning and driving a car it's been drilled into us that owning a car is mandatory to arrive as a certain status that's debatable
but what is certain is that from the first mile your car is costing you more than you realize it's important for future billionaires to keep their eye on the prize putting 1 000 a month or more toward
a car that doesn't offer any returns isn't efficient spending
Number Five
number five university education like car owning another status symbol
Number Six
number six on the go drinks bottled water and takeaway coffees are two of the most overpriced everyday spending habits of many people saving alone won't make you rich
however how you use your money will fill up a reusable water bottle and make coffee at home or at the office and put that savings of one thousand dollars a year into your wealth portfolio
Number Seven
number seven unnecessary life insurance life insurance is a grudge purchase but necessary if you have lots of loans or dependents buying just what you need at that time of life is the work of a good financial manager
if your other policies will cover your home loan so your family is fine then you can lower your monthly life insurance if your family circumstances change or children graduate or leave home you should then reassess your needs shop around life insurance won't buy you happiness but it will buy you some peace of mind
Number Eight
number eight cleaning products cleaning products have become so oversimplified in packaging that you don't even have to bother measuring them just use a pod every surface of your home has a specially formulated product that adds to the lily of the valley lemon and linen fresh mix of scents in your home
the truth is you're being duped most of the ingredients are the same and if you boil it down to the common denominator which is probably ammonia furniture wax or bleach you'll find you're completely over spending and over complicating
and once you're done decluttering and saving money under your kitchen sink then take a walk over to your bathroom cabinets because we have something to talk about there in a bit
Number Nine
number nine brand name medicines don't get suckered into the big marketing budgets of big name pharmaceuticals often all you're paying for is their bigger marketing budget there's no quality difference in the product
always ask your pharmacists what generic medicine is available if you need something for a symptom instead of asking for a drug by name ask the pharmacist for a recommendation for the symptom let them offer you all of the options available they'll help you understand if there are any known side effects after all they're the experts
Number Ten
number ten paid apps did you sign up for a free trial didn't use the app but forgot to unsubscribe and now you're paying for it monthly
or if you use a paid app are you certain there isn't an app out there that doesn't have the same functions and is free what cost a premium last year is often freely available this year
Number Eleven
number eleven groceries grocery shopping is a minefield for falling victim to overspending
if you can get in and out of a store with only what you went in for then you're a shopping ninja shopping carts placing big brands at eye level and nostalgia are all tactics to help you part with your money
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