Saving more is a lot easier than most people think. It is totally possible to save hundreds of dollars a year just by cutting silly thing out of your monthly budget. People often don’t think of their habits when they’re trying to pay off debt and save money, and that’s the best place to start!
If you’re able to implement even just a few of these budget cuts, you’ll be able to save so much money which means you can work towards your goals a whole lot faster. So, let’s discuss 10 items you should stop buying in order to help you save money and build wealth.
Items To Stop Buying To Save Money
#1 – Books & Magazines
I don’t want this section to be misinterpreted. I would never tell a person to stop reading. Reading is one of the most important things for personal and professional development and it can help people grow into who they want to be.
What I am suggesting is that you stop buying books full price. Most books that are $20-$30 at the book store now will be at garage sales and thrift stores in a years time.
Another option is to purchase books on a Kindle. When you buy books on a kindle you usually pay about half price because the publisher doesn’t have to pay for printing, paper, distribution, or sales! If you don’t own a Kindle, you can even download the app on your smartphone. You may not get a new book smell, but you’ll save a ton of money.
#2 – Paper Towels
Paper towels and paper napkins are literally you just throwing money away after ever use. You may as well just wave goodbye to your money every time you buy them!
Most of us (I hope) have a linen closet filled with tea towels and dish cloths that you can use instead of paper towels and just wash afterward! Which will save you a bunch of money in the long run.
#3 – Gym Membership
I’m pretty sure half of the people who have a gym membership never use it. I’ve been guilty of this for months at a time! Just having the membership doesn’t motivate you to start working out. If you never use your membership, just cancel it! There isn’t a point in keeping a monthly membership if you aren’t 100% committed to actually using it.
There are a ton of things you can do outside or at home for fitness! You can run, play sports, or do body weight workouts. You can find a ton of different workouts to do on Pinterest.
#4 – Brand Name Food
Almost every brand name food in your cupboard has a no-name dupe that you could find for way cheaper and most of the time the quality is the exact same. So many people see their food as a bit of a status symbol and they don’t think they should buy cheaper food because they are “better than that”.
The truth is, it’s all the same. There are a ton of companies that make the exact same product and make two different packages. One for their more expensive brand name, and one for a no name brand! Silly, right? At least give no-name food a try!
#5 – Fancy Coffee Drinks
I know, I know. There’s a ton of articles out there recently with titles like “Starbucks and avocado toast are the reason millennials aren’t buying homes”. Personally, I think that’s a little extreme but there is no point in spending $5 a day on coffee.
This is the best first place to cut your budget because it’s something you can easily make at home for less than $1 a day. You can also make a lot of Starbucks drinks at home!
#6 – Small Bottles of Essentials
Have you ever found yourself running out of shampoo every other week? It’s so so annoying to have to go to the store all the time to buy the same things that are necessities. These items include things like shampoo, conditioner, body wash, dish soap, etc.
If you start buying these items in bulk, you’ll be able to have them for longer periods of time! THere’s a chance that all your favourite products are available somewhere in bulk!
#7 – Brand Name Cleaning Supplies
Companies spend millions of dollars to advertise to their consumer and brainwash into thinking we need things we don’t really need. This goes along with all brand name items. I swear companies have managed to convince me that just because something is more expensive, it will work better.
There are so many wonderful cleaning supplies that can be purchased at dollar stores or other discount stores for less than half the price and they do the same thing! All cleaning products have the same kinds of chemicals in them and they do the same job!
#8 – Individually Packaged Food
When I was in school I had a horrible habit of buying individually packaged almonds to bring to class. They were always so expensive and I only bought them before class because they were convenient.
I should have known that I can buy all these products in larger packages and just getting some reusable containers and making my own packaged snacks!
#9 – Manicures & Hair Cuts
I’ll admit, I’m the type of girl who needs to have her nails painted at all times. However, I’ve found ways around spending money on a fancy manicure! I’m a huge fan of doing an at home manicure with my favourite nail polish and getting pretty much the same result I would at a salon.
The same thing applies with hair cuts! I started cutting my own hair last year because I wanted to give myself trims once in a while without having to talk to a human while their hands are on my head and I’ve never looked back.
#10 – Fancy Pens & Stationary
As a business owner, I find myself on websites like Etsy looking at stickers and stationary or looking at the newest version of the happy planner. I’m obsessed with stationary but I’ve recently learned that I can find all sorts of awesome stationary items at my local dollar store instead of spending extra money on amazon, or etsy!
I really hope this list was able to put some of your purchase into perspective and help you think about what you need and what you want. Needs and wants are two very different things and this is something it takes people a while to figure out.
As always, feel free to leave me a comment with anything you think I may have missed so everybody can see your unnecessary items!
Thanks for reading,