31 Jul 2013

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Short on cash? 5 things you’re wasting money on

Summers can be taxing on the wallet, and some of you may be feeling the crunch for extra cash. If you really want to save some money, here are five things you’re probably wasting money on.

Lattes/Cappuccinos: I don’t think it’s any secret we’re all keeping companies like Starbucks in (hefty) business, with our caffeine addictions. But if you don’t want to brew your own coffee at home or the office, at least opt for plain coffee at the cafe. You’d be amazed at how much you save just by opting out of those $5 – $6 drinks every day.

Eating Out: many of us can relate to this one, how often do you really bring your own lunch? Probably a high percentage of Calgarians choose to eat lunch out almost every day, whether it be with colleagues or clients. If you can’t completely cut this out, at least cut it down. If you think on average you spend betwee $20 – $30 on a meal out…well you do the math. It adds up in a hurry.

Brand-Name Groceries: I don’t think there’s any proof out there to suggest that brand name groceries are of better quality. The only thing we know for sure about brand name groceries, is that they are more expensive.

Running Appliances Daily: this one is especially important if you live alone, but avoid running your washer, dryer and dishwasher every day. Try to pick one day for laundry and do bigger loads rather than several smaller ones. Same thing goes with your dishes (save even more by washing by hand).

Online Shopping: the Internet has not made it easy for those with shopping addictions. You don’t even have to leave your desks nowadays to rack up a big tab on things you likely don’t need. If you don’t truly need it, reconsider buying it.

Tags : calgary finance, calgary money, calgary mortgage, calgary mortgage broker, calgary saving, finance, money saving, money tips

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