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

[bjl584]

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

[Fishindude77]

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

[myrdale]

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.

[Fishindude77]

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.

[bjl584]

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

[myrdale]

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.

[Ava01]

Insurance is one that I would mention. Someone keeps the same policy for ten years, the price quietly climbs, and they never ask for new quotes. The list can really go on and on, we can mention internet plans (the most expensive packages if they aren't really necessary), bank fees, storage units, warranties, and subscriptions that are only used once every few months.

[myrdale]

Insurance is one that I would mention. Someone keeps the same policy for ten years, the price quietly climbs, and they never ask for new quotes. The list can really go on and on, we can mention internet plans (the most expensive packages if they aren't really necessary), bank fees, storage units, warranties, and subscriptions that are only used once every few months.

I'll second storage units. I have a friend that is paying around $2k per year for a storage unit that holds less than $1k in junk (plastic boxes full of plastic Easter eggs, a ratty sofa, other random junk).