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Seven Things Smart People Don’t Waste Their Money On

Let’s face it: We are so obsessed with wanting and needing to have the best of everything that we end up spending more money on things that are of no actual real value. We get sucked into buying more expensive things when we don’t really need them, or they’re not really better than the ones we already have. Smart people will never spend money on things that are not valuable in the future.

Car Upgrades

Why are you going to upgrade your car to perform better and to look more attractive? If you’re going to spend a lot of money on Mustang exhaust upgrades in Australia or other countries, why not buy a better variant in the first place? If you think about it, you’re in a better position to save more money when you pay a higher upfront cost for a better car variant than opting for a lesser one and then spending on upgrades. You save thousands of dollars that you could spend on better things.

Smartphones

Do you need to buy a new smartphone every year? It is tempting to sign up for a new and better contract when Apple just announced their new series of tablets and smartphones. But think about it: What could a new phone do that your phone cannot? Are these features really important for you right now? Can you go on a day without using any of these new features? You don’t always have to use the newest phone on the market. As long as your phone can connect to the Internet, send messages, and make calls, you’re just fine.

Bed Linen

Some people spend a lot of money on satin bed linen with an 800 thread count. Surprisingly, experts say that the best thread count is somewhere between 200 and 600. Anything more than that is a waste of your money.

Premium Gas

Are you persuaded to use premium gas for your car because it‘s better for fuel efficiency and performance? But experts are saying that premium fuel doesn’t necessarily mean that it’s going to be better for your car. Unless you own one of those rare cars that require premium fuel, it’s just one way of wasting your money.

Swimming Pool

chairs near swimming poolEven if you have the money to have a swimming pool installed in your backyard, you have the rethink this decision because it may not be beneficial for the overall value of your home. A swimming pool is only necessary and practical if you plan to use it for entertainment and leisure purposes. But if you want to sell your home in the future, having a swimming pool may work against you. Families don’t necessarily want a swimming pool because they’re afraid of the accidents that come with it. They may also not have the money to maintain it.

Brand-name Medications

There should be no reason for you to buy brand-name medications. FDA requires that all medicines, whether generic or branded, should have the same dosage, effectiveness, quality, strength, and durability. Talk to your doctors about switching to a generic brand rather than the branded variant. Most of these branded medicines are 85% more expensive than their generic counterparts.

Express Shipping

Are you in a hurry to receive your package? That may force you to pay more for express shipping, but this is just one of the things you should avoid if you want to save money. You can check out a lot of websites that publish free shipping coupons that you can use on virtually every retail store online. Or better yet, make sure to order the items in advance so that you can take advantage of the free shipping option.

Over time, these little things will add up, and you will be surprised at how much they cost. You can begin cutting down on your expenses by listing down the unnecessary things you spend money on. Once you have identified the items that are not important, you can then begin saving money by controlling your urge to spend unnecessarily.

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