Tuesday, September 30, 2008

How We Throw Money Away

As food prices soar and pain at the pump grows to an unbearable level, it's a perfect time to look at the money wasters in our life. So for the third time, we asked our readers what they think are the top ways to waste money. Click through our gallery and see if you agree with this list that we pulled from our AOL message board. Are there worse ways you waste your money?
Convenience Stores
"The reason I refer to convenience stores as "vampires" is because they suck money out of you a little every day. By the end of the month you can't imagine the large amount of money you gave them ... Everything except the newspaper is overpriced in these stores. Even worse is the fact that what they sell is not good for you -- donuts, cupcakes, beef jerky, cigarettes, lottery tickets etc."
Tanning Salons
"I agree on tanning salons [being a waste of money] ... Why not just be what you are? All that tanning will just lead to skin cancer and then you will have an even bigger expense for treatment."

Movie Rentals
"Before you PAY to rent a movie, check first with your local or county library, they have 1000's of movies you can take out for FREE. You are paying for this through your taxes so why not get the benefit."
Disposable Razors
“I'm sorry, but I think it is crazy to spend $10.00 on a razor with blades you throw away and have to spend $10.00 on more blades each month. You can buy a pack of razors for a $1.00 and the whole thing goes in the garbage and save $9.00 or ... spend a little more and buy a good electric razor and save the landfill. Why spend $160.00 a year on blades? You can spend $60.00 one time and buy a good electric razor and have it for 3-4 years and save $580.00."
Pet Clothing
"The prices of pet clothing & accessories are ridiculous. A thread and needle can add a few bells or bows to a collar. A grandmother or friend could knit or crochet a sweater or sew a blanket. A store-bought [pet] sweater could run you $25, or a decorated collar $9 versus a plain one for $4."
Nail Salons
"Routinely spending $60 for a mani and pedi [is a waste of money]."
Eating Out on Lunch Break
"Packing your lunch is not only a healthier choice, but also saves you a good amount of money that could be spent elsewhere. If you're eating out every day, spending about $7 a day, you could save around $700 a year, just by packing your lunch two times per week."
Not Shutting Lights Off
“Not shutting the lights off behind you is one of the biggest money wasters in the U.S. Do all offices buildings work 24 hours? Why can't the cleaning staff turn the lights on and off? Why do buildings need to be air-conditioned at night, especially when there is no one there! Energy saved is energy produced. An average household can save at least 10%-12% off their monthly electricity bills. Offices can save much more!"
Caring for Lawns
"Stop wasting money and resources on feeding, watering and cutting a lawn. Plant trees, bushes and most importantly, vegetable gardens. A lawn is ridiculous. You make it grow so you can cut it down. I've never understood lawn people."
Death Row Inmates
"My biggest issue with wasting money is on convicted murderers [who are] on death row for years, sucking the money out of taxes for horrific crimes that they committed. And we the taxpayers keep on paying each year for thousands of these scum bags! Now, let me tell you how I really feel ... "
Clothes Dryers
"Hang your clothes to dry or use a dryer only for socks, underwear and other small items you would feel odd hanging outside. You can also put a drying rack in the basement. Dryers use lots of electricity and gas, plus ruin your clothes over the long term. Dryer 'lint' is your clothing falling apart!"
Buying a New Vehicle
"You lose a huge chunk of value just driving it off the lot! Buy a 1- to 3-year-old vehicle and you get the same warranties at a much cheaper price!"
Huge Houses
"So many people think that if you have a big house you seem more important. No, you don't. You should buy a house that is the right size for your family. If you have a spouse and three kids you should get a four-bedroom house, not an eight-bedroom house."
Alcoholic Drinks at Restaurants
"It is ridiculous some of the prices [the restaurants] charge. And go ahead and order a margarita, that's where the moneymakers are for the restaurants. Buy two and you could have gone and bought the ingredients to make your own and have a few friends join you at home!"
Over-Packaged Items
"Examples that really bug me are individually-wrapped things, such as cheese. I buy sliced cheese and am perfectly capable of using one slice at a time without extra pieces of plastic to help me figure out how many slices I am using. Quite a few things come in boxes that seem to be almost twice the size of the item ... It also seems like the smaller the item, the greater the chance it will get more packaging to make it look like you are getting more for your money."
Disposable Diapers
"Without a doubt, disposable diapers are a big waste of money, not to say adding to the landfill problem."
Using 'Super Gas' in Your Tank
"Why waste money on higher priced gas? It has no effect on the efficiency of your engine."
Energy Drinks
"Rockstar, Red Bull, Monster ... and so many more. Maybe if people would get off the Internet, stop text messaging incessantly, and go to bed at a decent time of the night, they wouldn't need energy drinks every day to keep them going, which then end up keeping them awake late into the night yet again and causing a vicious cycle. Not to mention the high levels of caffeine are addictive, so people get completely hooked. I know many people who drink 2-3 energy drinks a day at $2-3 each. That's $4-9 a day."
Plastic Cups
"Just use a glass. Why pay for a cup everytime you drink at home? And adding to our land fills??"
Disposable Cleaning Supplies
"Disposable scrubbers, dusters and wipes are the most wasteful items in the store. Swiffer anything, throwaway toilet scrubbers and pop-up wipes are waste in its purest form. Reusable scrubbers, brushes, mops and rags are far more economical and environmentally friendly." Another User Adds:
"You are buying your trash and it's expensive!"
Playing the Lottery
"I cringe when I see elderly people who are cashing their (Social Security) checks then buying their lotto tickets ... I work in a grocery store ... (and see) lonely housewives spending over $50 a day on scratchers and lotto numbers so they can talk to the gals at the service desk about their day/lives/husbands ... I can't see spending hundreds of dollars a month or a week, just to get thrilled over winning $25-50 ..."
The Wedding Industry
"They are making huge money on things like veils. I made my daughter's veil excactly like the veil at the bridal shop that was going to cost us $200. It cost me $7 for some tulle and a couple of combs, and the one I made was actually better made and more finished looking. It took me 45 minutes to do it ... Also (there is) huge money in weddings in general and they only last a few hours ... Keep in mind it is a party that is over in a few hours and you are left with a huge bill to pay."
Convenience Store Drinks
"Buying bottled drinks at the convenience store is the biggest waste of money and adds up fast, if you do it daily!"
Designer Skincare
"The best way to take care of your skin is vitamins, water, sleep, genetics and sunblock. Spending hundreds of dollars on skincare is a waste."
Extended Warranties
"It's a waste of money to purchase an extended warranty for small inexpensive items such as radios, DVD players, vacuums, etc. The manufacturer's warranty is sufficient. Retailers and dealers will always offer extended warranties -- but they are not always necessary."
Brand Names
"We constantly purchase brand names, and I don't mean clothing. Food and medications, just to mention a few. Food brands add marketing and advertising costs just like the big pharmaceuticals. Is Kraft, Goya or Campbell's so much better than supermarket brands? Is Bayer or Advil so much better than "I-don't-know-this-brand" aspirin and ibuprofen. Sometimes it is, but very rarely. Marketing and advertising don't make products taste or work better they just add to the final price of a product."
Luxury Hotels
"Unless you are going to spend 24 hours in your room, why would anyone want to spend $200-$300 a night to sleep?"
Driving a Gas Guzzler
"Buying an SUV or other large vehicle is the biggest waste of money and it will get even worse as oil prices inevitably will keep rising."
Coutesy: AOL Money

No comments: