The majority of people out there are losing more money than they’d like to admit to. You probably are too. Before you start coming up with excuses as to why this isn’t true, take a look at some of the pointers and ideas here. If you’re not currently doing them, then you are probably losing money in some way, shape, or form.

Read on below to learn more about what you can do to stop wasting so much money!

Start Using An App

Apps can be a great way of tracking what you spend, and what you spend money on. Some people won’t realize that they spend a disproportionate amount of money on clothes, for example, or eating out. When you download an app, you’ll be able to look at your accounts in real time, and see exactly how much you spend on what. You will definitely be able to see areas in which you can cut back, so you’ll instantly save money when you start using an app.

Find True Happiness

If you don’t know where true happiness comes from, then you can almost guarantee that you’re wasting money. You may buy small things here and there to cheer yourself up, when in reality, happiness comes from within. It sounds so cliche, but it’s true. Next time you feel like buying something, ask yourself why you want it. If you’re honest with yourself, you probably don’t need it. Finding happiness in a hobby or something you like to do will serve you much better.

Avoid Spending Money On Things That Don’t Serve You

Spending money on things that don’t serve you is pretty pointless. Drink and drugs, for example. Not only are these things expensive, they can get you into more trouble than it’s worth if you get behind the wheel of a car and end up hurting somebody. Even if you don’t hurt anybody and get caught, you can end up in a lot of trouble.

Find more info here if this is something you want to know more about. Hopefully, it’ll be an incentive to spend your money on healthier things.

Think About Purchases For Weeks Before You Buy

If you have a purchase idea in your head and you just can’t get it out, allow yourself to think about it for a good 3 weeks before you actually buy it. If you’re still thinking about it after this amount of time, then it could be a worthwhile purchase. However, if you forget about it, then it was likely never a good idea in the first place.

Start Buying Better Quality

As the saying goes: buy cheap, buy twice. Start buying better quality everything. Buy better quality furniture, shoes, clothes – you’ll spend less in the long run as you won’t need to replace things constantly.  

Small Purchases Add Up

Remember that small purchases really do add up. Even having one fancy coffee per week from Starbucks can add up to hundreds of dollars per year. Where do you think your money should go?

How will you stop wasting so much money? Leave your ideas below!