When you know how much your time is worth you are better equipped to make choices to help you spend it wisely to save smarter. This includes things like driving really far to save on furniture or shopping at five grocery stores to save a few dollars.Īll the gas and time you burn up driving so far and shopping around might have been better spent shopping strategically at a single store or finding affordable furniture much closer.
If you realize that you are spending a lot of time or effort to save a few bucks, you might need to ask yourself if that time would be better spent elsewhere. Spending a lot of time or effort to save a littleĭon’t be pennywise and pound foolish. READ MORE: 53 Thrift Shopping Tips to Score BIG Deals (and Save Money) 3.
Better money habits number free#
The free eBay app is a great place to start, and you can check the “sold price” for similar items. The #1 best thing you can do to avoid being cheated is to have your phone handy to check the pricing of similar items online. I once found a set of sandbox toys for children with the tags still on for DOUBLE the original price! I pointed this out to the manager and got a 75% discount, but only because I noticed the issue. These shady stores use predatory pricing structures to hike up prices way beyond what would be reasonable for secondhand merchandise. Thrift shopping can save you money, but it’s also fun! So much fun that you might end up spending too much and buying crap you don’t need just because you feel like you are getting a bargain.Īlso, certain thrift shops and secondhand stores take advantage of people who want to save money but aren’t too savvy about how much things ought to cost.
In most cases, you end up spending the extra money to buy items you didn’t need or want in the first place. Buying more to save moreīuyer beware – those “ Buy Two, Get the Third Free” and “ Get $20 Off When You Spend $100” signs are a trap!Īnytime you see sales or discounts that encourage you to spend more or buy extra to save money, it’s almost always the wrong decision. Stick around until the end of this blog post for two helpful video guides discussing the top bad money habits from myself and my financial minimalist buddy, Gabe Bult. You’ll be glad you did once you begin reaping the benefits of frugal living. Stop saying “I’m bad with money” and take a stance to change your financial future by breaking these habits that keep you poor. These bad financial habits include frugal habits that don’t pay off in the long-run and money habits that keep you broke. This blog post will discuss poor money habits you need to break right now, so you can stop wasting money and start saving! You might also enjoy this post on the seven steps to becoming a financial minimalist if you want to spend less and save more. If you’re looking to break free from the cycle of debt, poverty, or financial instability, it’s important to identify and change these bad habits. It’s not uncommon for people to find themselves struggling financially because of bad money habits. Like it or not, money is one of life’s essentials it’s also one of the most challenging things to manage.
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