What is the BIGGEST waste of money every family could avoid?
THE BIGGEST waste of MONEY is paying MORE for an item than what it is worth! Black Eyed Peas talk about being a NOW Generation. We don’t HAVE to get things NOW unless we can afford them! How many people get things NOW and PAY for them later. The only thing is…people REALLY pay for them!
So how do you correct your mistake! If you are living paycheck to paycheck you need to find ways to have less money coming out month to month to pay off the items you already purchased. While doing this, don’t charge anything else you can’t pay for up front!
1. Decrease Expenses: Coupon, Use Cash Back Sites, purchase things on sale and only when they are on sale.
2. Take the extra money you have and pay off the things that you are being charged interest and don’t have value. As cute as those high heel stilettos look on your feet you shouldn’t be paying visa extra to have them!
3. Debt is paid off….SAVE SAVE SAVE! Then when you see those Stilettos…you actually won’t notice them until the are on sale….then buy them with the money you have for those and for those only!
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UPDATE 8/9/11: This ended up being NUMBER 4 out of the TOP Ten Money Wasters!