Quantcast
8 Things You're Definitely Spending WAY Too Money On Every Month
Shutterstock

8 Things You're Definitely Spending WAY Too Money On Every Month

Put the work in 'till it works out.

Finance

How much do you think you spend on nonessentials? On average, Americans spend nearly $18,000 a year on nonessentials. If that sounds like a lot of money, it's because it is. Over time seemingly small splurges, like $5 here and $7 there, add up.

The money you impulsively spend could be put to better use. Often, we don't recognize how much we're spending because it's easy to swipe your card and not think about your declining bank account. You may have to put in extra work to cut back, but it's possible when you identify the ways you're overspending.

1.Coffee

Shutterstock

Coffee gives most adults that boost of energy to help get them through the day. Buying a daily dose of caffeine can easily become a costly habit. The few dollars spent on that delicious latte can really add up without you taking any notice. Spending four dollars a day on coffee can add up to $28 dollars a week and that's $112 per month. By the end of the year, you could save $1,344 by cutting back on your coffee habits. Making your coffee at home in a travel mug is more cost-efficient than spending money at a coffeehouse to get your daily fix.

2.Food Delivery

Takeout is on the rise, especially with the addition of food delivery services. Research showed 47 percent of respondents feel they overspend on takeout and 52 percent are usually hit by guilt after doing so. Everyday there's a new app that will personally deliver your favorite eats to your door, but not without added fees. The convenience of takeout comes at a price. It might be better for your wallet to personally pick up your food to avoid any extra fees and to prepare homemade meals.

3.Ride Sharing

Shutterstock

Everybody's using ride sharing apps these days because it's so convenient and hassle-free, but frequent use of ride sharing apps can ruin your attempts at saving money. The amount of money you can save on transportation by using public transportation or driving your own car is astronomical.

4.Cable

These days, it's possible to stay in the know about trending shows and movies without even paying for cable. The options to replace your cable bill with a streaming bill continue to grow by the day. Most people don't watch every single channel in their cable package anyways. If you find yourself watching less and less cable, then it may be time to ditch it all together.

5.Subscription Services

Shutterstock

In the US, consumers subscribe to three subscription services on average and 34% of respondents plan on subscribing to more services within two years. Subscription services are popping up everywhere and it's tempting to sign-up for every single one that sparks your interest. When you sign-up, the rate seems like a steal because it's just $10 a month, but this adds up throughout the year. Sit down, and add up the annual amount you're paying for subscription services and it may surprise you. Oftentimes, we are subscribed to services we don't even use.

6.Buying Lunch

Making your lunch everyday will save you money and probably help you to eat healthier. Let's be honest, eating healthy can be more costly than eating cheap processed food. It's cheaper to make healthy food at home, so you don't have to buy an easily overpriced salad. Spending over $10 a day on lunch for five days of the week is $50 per week. You work hard for your money, there's no point in eating it away.

7.Gym Memberships

Shutterstock

It seems like there's a gym around every corner with a plethora of amenities and features. A gym membership is a great investment in your health and wellness, but do you need an expensive membership when you only use a few machines? Also, if you signed up for a gym membership during the new year and you haven't used it in months, then it might be time to cut your membership.

8.Dining Out

Americans spend an average of $209.38 on restaurants per month. Restaurants are the number one luxury Americans choose to splurge on. It's not because the food is simply amazing, it's also the social component. People like to get together Saturday nights with their friends and family and forget about their worries, but this can come at a cost. If you can limit your dining experiences, then you'll be sure to have more money by the end of the month. Think about hosting dinners at your home by cooking or having guests come together to have a potluck.

Want more stories like this? Sign up for our newsletter here to receive our latest articles and news straight to your inbox.

Featured image by Shutterstock

Your October 2022 Horoscopes Are All About Finding Flow & Alignment

October is a month of balance. With some energy moving direct and some energy moving retrograde, there is a middle ground to find this month between what is unfolding and what you are letting go. The month begins with Mercury officially moving out of retrograde and going direct in Virgo. Mercury this month is cleaning house and sprucing things up after the somewhat tyrant energy it’s brought over the past few weeks. Now that Mercury is direct, there is less interruption when it comes to daily flow and plans, and this is a good month to start setting things into motion.

Keep reading...Show less
The daily empowerment fix you need.
Make things inbox official.
The Myth Of The Sex Drive & How Libido Changes From Your 20s, 30s, 40s & 50s

No one prepared me for how horny I would be in my late 30s. All the elders in my life prepared me for random chin hairs, weight gain, and menopause but no one said a mumbling word about my sex drive. Something happens the closer you get to forty. I went from wanting sex here and there to wanting it all the damn time. Is there a support group for this? I can’t be the only one who has the sex drive of the Energizer Bunny. Upon my research to figure out why I felt like a cat in heat, I discovered several theories surrounding women and our sex drives–including one that says the concept of having a sex drive is a myth altogether.

Keep reading...Show less
Exclusive: Da’Vinchi On Protecting His Peace & Why He Prioritizes Mindset Over Looks In Dating

Da’Vinchi has appeared in many television series such as All American and Grown-ish but it was his role in BMF as Terry Flenory that helped propel his career forward. Since starring in BMF, he made his Broadway debut with Thoughts of a Colored Man and is currently shooting an undisclosed movie in Vancouver. The 26-year-old actor is beginning to see the fruits of his labor and so it’s hard to imagine that he almost went in a different direction. Da’Vinchi spoke with xoNecole’s Dana Blair for our xoMan series about acting, being a sapiosexual, and protecting his peace.

Keep reading...Show less
Black woman with an afro and tube top laughing

If you have been on social media for any significant amount of time this year you may have come across women saying that they are in their “villain era.” For these women, being a villain means embracing the negativity and judgment from others that comes when you say “no” to people, and living your life unapologetically. For them, being a villain means letting the chips fall where they may when you no longer allow other people’s ideas about you to restrict you from living the life that you want and deserve.

Keep reading...Show less
Niecy Nash Says Her Relationship With Jessica Betts Is The First Time She Has Felt 'Fully Seen'

When Niecy Nash-Betts announced she was married to musician Jessica Betts, many people were surprised. The Emmy-nominated actress has a history of dating only men and was even married twice prior to meeting her wife. However, Niecy has become an example of the saying “love is love” and she and Jessica have been open about their relationship ever since.

Keep reading...Show less
Exclusive Interviews
Latest Posts