The road to financial security seems like a long, never-ending journey. Especially when you’re just starting out, have a HECS debt that would make even the wealthiest of people cringe, and a spending habit that could easily put your whole family on the streets.
Breaking bad spending habits isn’t easy, but it’s also not impossible.
If you cut unnecessary items out of your weekly budget, you’ll be surprised to see just how much money you will save in the long-term.
There are too many fads out there for any one person to keep track of. From pricey home decor trends to the latest $100 pair of jeans everyone’s sporting, these expenses are largely unnecessary and easy to replicate with more affordable, equally as stylish options.
Not to mention, short-lived fads usually only stay in the spotlight for about five-minutes, and then you’re stuck replacing something that’s practically new all in the name of fashion.
A brand new car
That beautiful $50,000 piece of steel might make you look like the coolest kid on the block, but it’s not exactly a sound investment.
A new car drops substantially in value the minute you drive it out of the dealership. While a used car will still be worth roughly the same amount a year from now, a new car won’t.
Also, a car that’s ten-years-old, allowing its in working order, will serve its purpose just as well as a new one.
Have you heard of Netflix or Stan? Yes?
Then why the hell are you still bothering with Foxtel?
Foxtel is pricey, only shows programs at scheduled times (unless you have and IQ plan) and is the primary reason Game of Throne’s fans have been copping flack for illegally downloading the popular show for so long.
As far as I’m concerned, Foxtel can suck it. We’d all be a lot wealthier without their expensive plans.
Pizza, charcoal chicken, Chinese or mass-produced food complements of McDonalds, KFC and the likes are all food chains that could easily bleed us dry if we let them.
You could pay ten plus dollars for a quarter chicken and chips at your local chicken shop, or you could hit up Woolworths for their fresh chooks that will set you back less than ten dollars for an entire barbecue chicken.
It seems like a no-brainer, yet we still flock to fast food joints to be dished up a delicious, ready-to-eat meal.
Ditch the convenience and learn toward the more affordable, healthier alternatives. Because nothing – not even a cheeseburger – beats a home cooked meal.
Weight loss traps
Pills, shakes, detox products, they’re all a big waste of money. Many of these make huge claims of health, wellbeing and a slim figure, but fail to advertise the side effects, huge price points or viable alternatives.
Let’s break this down
A detox program is unnecessary. Drink plenty of fluids and your body will do this naturally. You don’t need a tea, tablet, or drink to flush out your system.
Weight loss shakes probably will help you lose weight; skipping meals will have that effect. These products, however, shouldn’t replace a healthy diet, and they don’t do anything a little exercise and healthy eating can’t do.
Only difference is a healthy diet is better for you and more sustainable.
Credit card interest
Personally, I’m not a particularly big fan of credit cards, period. My motto is, if you don’t have the cash, don’t spend it.
If, however, a credit card is right up your alley, don’t let the interest accumulate, keep your payments up-to-date and avoid handing all your hard earned cash over to a multimillion-dollar company.
It’s much better off in your pocket.
The moral of the story is pretty simple. If you want financial freedom, don’t throw away your cash. Save on these things and you could see yourself saving a lot of money.