There are people who have a knack for living their best lives frugally and then there are those who spend so extravagantly that they end up being broke. If you can relate more to the latter, know that you can still transform your financial situation by spending your money smartly and saving more. As the old British adage goes, “If you look after the pennies, the pounds will look after themselves.”
zgrnews has compiled a list of things you should stop spending your money on. We are not suggesting that you not enjoy your life, but to try some of these ways that can stop you from burning a hole in your pocket.
1. Eating out
If you love to dine out, you might want to reconsider your choices. If you’ve noticed, most of the dishes in a restaurant are priced exorbitantly high during dinner time. So, if you already have a meal ready at home or you can cook something yourself, you shouldn’t waste money eating out unless it’s an emergency or special occasion.
2. Subscribing to streaming services
The premium subscriptions of streaming services like Spotify, YouTube, etc. get rid of ads to give you a seamless experience. You can probably tolerate streaming the media with ads, it’s really no biggie. Surely, these streaming services need revenue to operate, but it’s not worth spending your money on that.
3. Buying lottery tickets
Buying lotto tickets is a huge drain of money. Sometimes it sounds reasonable to buy one because you never know if you might end up winning the jackpot. But since the odds of doing so are very poor, you’d be better off not wasting your hard-earned money on a piece of paper.