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Biggest Money Wasters that a lot of People don't pay attention to

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  • Biggest Money Wasters that a lot of People don't pay attention to

    Feel free to add to this list
    I found this on Reddit


    Multiple subscriptions to online services, etc.
    Bottled water
    Food delivery apps
    Sports betting
    Collectibles
    Designer (fill in the blank)
    Upgrading phones yearly
    Expensive weddings

    Brian

  • #2
    I'd think the biggest would be:
    Automobiles
    Too much home
    Eating out
    Phones, TV subscriptions, internet and related IT expenses

    Comment


    • #3
      I'd argue that bottled water shouldn't be on this list.

      Yes we all have a tap at our home which can be used to refill bottles for pennies per gallon. However store bought bottle water is a convenience.

      If bottled water is a waste, then I think every other beverage has to be put into the category also. Soda is a waste because you could have drank tap water. Beer is a waste because you could have drank water. Coffee is a waste because it could have been tap water. Fruit juice or milk "might" have an argument, but not much of one. And bottle water is arguably better than all of the above.

      Comment


      • #4
        Bottled water is kind of a silly waste when you consider that all of us have the ability to fill up a jug for free.
        If you're poor or broke and buying bottled water, that's pretty dumb.

        Comment


        • #5
          The entire list is relative.
          Someone who is worth 7 figures with no debt can indulge in everything on the list without worry.
          Someone buried in debt with 0 net worth may want to think twice about spending on all of the items listed

          Brian

          Comment


          • #6
            Too large of a house.

            Gosh there are some beautiful (massive) homes out there. But that $500k comes with higher property tax, insurance, utility cost, upkeep.

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