Top Money Wasters According to Woman’s Day
And my 2 cents of course. If I didn’t add my 2 cents it wouldn’t be worth reading at all. I am going to list a bunch of the so called money wasters and input my thoughts about them. Read on, comment and enjoy! (not in any order)
- Buying from an ad on TV: This one is a no-brainer, but why are there still infomercials on TV? My guess is that people are still buying from these ads. No they offer you a risk free trial just to get your CC number, since you aren’t going to remember to cancel before it’s too late, this one is a big money waster. Woman’s Day suggests looking the item up on eBay to save money, sometimes up to two payments of $49.95!
- Failure to Return: Not returning an item bought online because it doesn’t fit can be a big money waster. The color of your new bookcase doesn’t match the rest of the colored furniture. If you think you don’t have time to take it back, think about the money you are wasting by keeping something you don’t even like. Woman’s Day suggests taking any item you have a receipt for back to the store and shoot for store credit at the minimum.
- Credit Card Protection: This is one of my favs. You just opened another credit card and now, two months later, you get a phone call asking if you’d like the payment protection. Of course you DON’T, but what happens if you get hurt at work? Payments might be made, but your interest is racking up at the same time. Woman’s Day suggests finding out if you are paying these types of fees and if you are, call now to have them cancelled and if you didn’t request it, ask for a refund.
- Wrong Cell Plan: I really have an issue with this one because I use a Tracfone prepaid phone. My minutes carry over, which is plenty every month, and I only get charged $5.99 per month for activation. It kills me to see people on their phones all day long and wondering why they don’t have extra money. Woman’s Day suggests calling your cell provider and asking them what plan would work best for you since you are going over your minutes with the current plan.
- Paying for Storage: Mini storage units, garages, extra land needed to store things that have accumulated over the years is a big waste. If you are paying a monthly fee for more than ONE month for storage, you have too much stuff. I think that as more people move into condos and apartments become nicer and cheaper, storing things might not be a bad idea. If you have to pay month to month for storage, you might be able to just sell what you have and move on. Woman’s Day suggests taking an inventory of everything you have stored and decide if you need it. If not, you can sell the stuff on many different places online like Craigslist.org, eBay.com or Half.com. If you don’t want to take the time to see it all, give it to Salvation Army or the Freecycle.org chapter in your area.
There you have it. 5 money wasters that I bet most of you reading this are thinking about making changes to in the near future. If you like this list, give us a Stumble, send this post to a friend or subscribe to our feed for future posts.