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Friday, 31 March 2017 13:40

13 useless things to stop wasting your money on

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Savings and build more wealth is to spend less. And chances are, you can find areas to cut back in.A simple way to up your savings and build more wealth is to spend less. And chances are, you can find areas to cut back in.

Start by considering these 13 money sucks.

ATM fees

a record high of $4.57 to withdraw money from an out-of-network ATM. There's no reason to continue paying these fees, which can add up significantly over time.It'll cost you a record high of $4.57 to withdraw money from an out-of-network ATM. There's no reason to continue paying these fees, which can add up significantly over time.

A simple solution: If your bank's logo isn't on the ATM, don't use it.

If you use one of the traditional, bigger banks, there should be ATM options in your area. Simply look up the locations online and put in the extra effort to get to one of your bank's ATMs. If there aren't any convenient ATM options in your city or town, you may want to consider opening a checking account with a more accessible bank.

Late fees

credit score , which affects your ability to borrow money for bigger purchases, like a home or car, in the near future.Like ATM fees, late fees are a pointless money suck. And there's more to late payments than simply paying a fee. Missing payments can also lower your credit score , which affects your ability to borrow money for bigger purchases, like a home or car, in the near future.

Never miss a bill again by setting up automatic payments online for fixed costs such as cable, internet, and insurance. For expenses that can't be paid online, such as rent, set up calendar reminders and pay them at the same time each month so it becomes routine.

Underused subscriptions

"Nothing makes a company happier than getting its customers to sign up for subscriptions," writes Yahoo tech columnist David Pogue in his 2016 book, "Pogue's Basics: Money."

"Millions of people sign up for 30-day free trials of things, intending to cancel within 30 days — and then they forget. Or they sign up for certain services but have long since stopped using them."

Look over your last couple of credit card statements and figure out exactly what you're paying for, whether it be subscriptions to magazines, software, or online services. Next, ask yourself which you can eliminate, and cancel them on the spot to save a couple hundred dollars a year.

Trim, which automatically finds and cancels your subscriptions with a text.You could also use Trim, which automatically finds and cancels your subscriptions with a text.

Buying lunch every day

Eating out can add up quickly. The more food you can prepare at home, the better off your food budget will be. Plus, packing lunch also tends to be better for your waistline.

Of course, it's OK to treat yourself and buy the occasional meal out, but keep in mind that going homemade is one of the simplest ways to cut back without making dramatic sacrifices.

Bottled water

While you're getting into the habit of packing your lunch, start filling up a water bottle too.

"Most people who buy water in bottles do it for convenience," notes Pogue. "If you carry a water bottle with you, you spend nothing. (And lose weight. And live longer.)"

Unused gym membership

If you're a gym rat, power to you — but if you can't remember the last time you stepped foot inside the facilities, it may be time to cancel your membership.

free YouTube workouts at home, walking, biking, or hiking outside, making the most of training apps, or joining a running club.Plus, if you're ever itching to work out, there are plenty of ways to do it without a gym. Try following free YouTube workouts at home, walking, biking, or hiking outside, making the most of training apps, or joining a running club.

A morning latte

Like eating out, the occasional latte is fine, but one-a-day can add up.

Rather than stopping by Starbucks every morning, consider investing in a French press or coffee pot. It'll save you in the long run.

Cable

"The average American cable-TV bill is $100 a month," writes Pogue. That's a large sum to pay for a service that people often don't take full advantage of.

Consider cutting the cord and getting your TV from the internet, through services like Netfilx ($8 a month), Hulu ($8 a month), or HBO Now ($15 a month).

Cable box and modem

If you decide you simply can't live without your cable, at least buy your own cable box and modem.

"As though the cable companies weren't already milking you dry with the cost of the TV service, they're also charging you about $235 a year to rent the cable box," writes Pogue. "You can buy your own replacement cable box for $120 (pays for itself in eight months)."

The same goes for the cable modem. "The damage is about $10 a month, forever," Pogue says, of the renting option. "Buy your own cable modem for $100, return the one you've been renting, and boom: a $120-a-year savings."

Source : finance.yahoo.com

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