7 Things You Over Spend On

Here is a list of seven things that we commonly overpay for. There are free or cheap alternatives to all of these items. You’ll more easily get out of debt if you can reign in your spending so take note of these items and see if you’ve made the mistake of buying any of these items.

1. Bottled water. Regardless of what you may think, there is little to no difference between the quality of bottled water versus tap water filtered at home. The main difference is that one is free and the other is not. Think of it this way, you’re just paying for the plastic.

2. ATM fees. Don’t withdraw money from ATM’s that are not your bank. Plan ahead by having enough cash on you before you go out. Always keep at least a $20 bill on you. Just using the wrong ATM a couple of times a month equals fifty lost dollars every year.

3. Weight loss products. The only tried and true method of losing weight is by eating healthy and exercising. Anything else is a waste of money. You don’t need to buy weight loss books, diet pills or even a gym membership.

4. Music. Individual songs are now just $0.99 to purchase so you don’t need to buy CD’s anymore. But now with music services such as Pandora and Spotify many find no reason to pay for music at all now.

5. DVD’s. You don’t need to own DVD’s any more. If you want to watch a movie you can use RedBox to rent one, watch it, then return it the next day.

6. Bank fees. Banks charge fees for a variety of things. One such fee you can avoid are overdraft fees. You can set up text message and/or email alerts that will let you know when your balance gets too low.

7. Late fees. If you’ve been hit with late fees for not paying your bills on time, set up automatic payments so that you will never be late on your bills again. Plus you’ll be helping the environment by stopping your paper bills.