Saving money is a lot easier than most people think. It’s possible to save hundreds of dollars a year just by cutting silly things out of your budget! We often don’t think of their habits when they’re trying to pay off debt and save money when that’s where we should start.
If you’re able to implement even just a couple of these you’ll be able to save so much money and work toward your goals so much faster! So, let’s discuss the 10 items you should stop buying in order to help you save money and build wealth.
- Lifestyle Changes That Will Save You $
- How to STOP Living Paycheck to Paycheck
- 17 Things Frugal People Don’t Do
Books & Magazines
I don’t want this section to be misinterpreted, I would never tell people to stop reading. Reading is one of the most important things for personal and professional development and can help people grow into who they need to be. I would never suggest that you stop reading!
The thing that I am suggesting is that you stop buying books full price. There is never a reason why you need to go buy a brand new book for $20-$50 that you could get at a yard sale or a used bookstore in 2 years time. Times change quickly but good books stay good forever.
Another option is to purchase these books on a Kindle! Kindle books are half the price because the publisher doesn’t have to pay for printing, paper, distribution, and sales! If you don’t own a Kindle, you can use your smartphone. There’s an app for both iOS and Android to have Kindle books for free. You may not get that wonderful new book smell but you will save yourself loads of cash.
Paper towels and napkins are literally you just throwing away money after every use. You may as well just wave goodbye to your money when you buy them. I’m going to assume that you have some kind of tea towels and cloths in your linen closet. This means there is no reason why you should need to use a roll of paper towel every few days.
It’s okay to have paper towel in the house for those really gross jobs that you just can’t fathom using a regular cloth for, just try not to do everything with a paper towel.
I’m pretty sure half of people who have a gym membership never use them, myself included. I go for a week a month and then lose my motivation and “forget” to go back. Thankfully, I don’t have to pay for my membership so I keep it. Just having the membership isn’t going to motivate you to start working out. If you don’t use the membership, cancel it. There really isn’t a point in keeping a gym membership unless you’re 100% motivated and committed to going all the time.
There are so many things you can do outside or at home for fitness. You can run, play sports, do bodyweight workouts. You can find so many different workouts to do at home on Pinterest!
Almost every brand name food in your cupboard has a no-name dupe that you could find for way cheaper and the quality is pretty much the same. So many people see their food as somewhat 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. Chances are the food has most of the same ingredients and doesn’t have much of a flavour difference. People just think it’s better because it has better packaging and makes you feel good about yourself. Nah, kick that fancy food to the curb until you’re out of debt and doing better financially.
Fancy Coffee Drinks
I know I know. So many websites are putting up posts saying “Starbucks coffee is why millennials aren’t buying homes”. I think that’s a little extreme, the housing market and the lack of affordable housing is why that happens. However, Starbucks is overpriced. I swear anytime I walk by someone who’s complaining about money while holding a Starbucks coffee, I just want to scream.
There is never a reason to spend $5+ a day on a coffee. It kills me, even more, when people are spending this much money every single day and not even getting a caffeinated drink! What’s the point? Haha. This is something you can easily downsize in your weekly budget. Go to a cheaper coffee shop, find a coffee recipe on Pinterest and make a Starbucks dupe at home!
Small Bottles of Essentials
Do you ever find yourself running out of shampoo every other week? It’s so so so annoying to have to go to the store all the time to buy the same things that are necessities. I often find myself annoyed because I bought a smaller bottle of shampoo/conditioner that only lasted a week and it just runs out so fast!
If you start buying these items in bulk you’ll be able to have them for longer periods of time! There’s a change that all of your favourite products are available somewhere in bulk, even if you have to search for them online. This can include your shampoo & conditioner, body wash, face cleansers, dish soap, etc.
Brand Name Cleaning Supplies
Companies spend millions of dollars to advertise to their consumer and to brainwash us into thinking we need things we don’t need. This goes along with brand name items! I swear companies have convinced me that just because the bottle of spray bleach costs more money and has a nicer label it’s going to work better. This isn’t true.
There are so many wonderful cleaning supplies that can be purchased at dollar stores or other types of discount stores for less than half the price and they do the exact same thing. All cleaning products have most of the same chemicals in them! You can start buying bougie cleaning products when you’re out of debt and not worrying about money anymore!
Individually Packaged Food
When I was in University I had a horrible habit of buying individually packaged almonds and other trail mix items. They were always too damn expensive and I only bought them for the convenience factor. These products are all available at bulk stores for a fraction of the price. If you think of the things you buy in terms of quantity for the price you’re going to find that bulk is always better!
The best thing you can do for your wallet is to buy some good quality Tupperware containers for these kinds of items. This will not only save you money by buying individual products, but you’ll also be helping out the environment!
Manicures & Hair Cuts
I’m the type of girl that needs to have her nails painted at all times. I love me a good manicure but 99.9% of the time it just isn’t in my budget. It’s something that I love but it’s the first thing I cut out. When you think about paying $25+ just to have someone paint your nails for you when you can get all the tools for 50 manicures for that same price at the drug store.
Expensive haircuts are another thing that needs to be reevaluated when you’re thinking about your budget and saving money. It isn’t always fiscally responsible for you to spend a couple hundred bucks to stay up with the hair trends. There are so many good stylists at cheaper salons where you can get the exact same thing done!
Fancy Pens & Stationary
As a business owner, I find myself always on websites like erincondren.com looking at unnecessary planners and pens and stickers and things I just DO NOT need. Yes, they’re beautiful. No, they aren’t necessary! It took me a really long time to realize that that $15 pack of pens is going to die just as fast as the $2 pack from the dollar store! Everything you could possibly need for school or home can be found at a cheaper price. No need to splurge.
- Zero-Based Budgeting for Beginners
- 6 Tips to help you Graduate DEBT FREE!
- How to Calculate your Net Worth
I really hope this list was able to put some of your purchase into perspective and help you really 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 and it may appear in a list in the future!
Thanks so much for reading,
Hey! My name is Taylor O’Halloran and I’m a huge fan of saving money any way I can.I’m obsessed with dogs and I love all kinds of cheese even though my stomach hates it. I’m a recent university graduate who just wanted to do her own thing and see what happens! Follow me on the journey!