Skip to content

Three ways people often spend money mindlessly

It can be easy to spend money with little regard for what it's doing to your finances.

An online money transfer can give families a great sense of comfort, as the funds that are sent can be used for a variety of purchases that can help make their lives a bit more comfortable. And while the great majority of immigrants work extremely hard so they can transfer money abroad, they may occasionally not be able to send as much as they would like to because they spent some of it on random purchases. And while these things may have been needed at the time, a few extra dollars may have  been spent on impulse buys.

With this in mind, Investopedia recently detailed some of the ways in which consumers spend money in a mindless way.

Cut out trips to the corner store
One of the biggest ways is at convenience stores. Of course, many of the things purchased at convenience stores are for things that are actually needed – such as food, drinks or over-the-counter medicines. But what these shops may bring in time convenience they lack in price advantages, as the 12-pack of water sold at the grocery store for $3 may be double that at a convenience store. That's because small stores like these don't purchase food in large quantities, causing them to raise their prices in order to turn a profit.

Unless it's an emergency, financial experts at Investopedia say shoppers should avoid convenience stores and shop at a grocery store. The savings may not seem like much, but they can add up over time.

Pass on soda
Another way people often spend more money than they need to is on soft drinks. Sodas may be tasty and serve as a flavorful alternative to water, they're marked up in price, particularly at restaurants. Investopedia says that soda pop has one of the highest asking prices for food and beverage offerings when taking into account how much it takes to make them.

Instead of having a soda when grabbing dinner at a restaurant, opt for tap water. Assuming that a soda costs $1.50 per glass, taking that off the menu item translates to $12 saved per week and about $50 per month. That's hundreds of dollars saved in a given year, Investopedia indicates.

Don't purchase magazines one at a time
As with sodas and convenience store items, there's nothing wrong with an occasional magazine purchase. But buying out every month or every week can add up, as the typical magazine costs around $4 or $5 per issue.

Far better to purchase an annual subscription. Instead of paying $5 per magazine, a subscription to a monthly news article will cost a fraction of that. These offers can range in price depending on how frequently the magazine releases the issues, but they're generally between $20 and $50 for a year. That translates into a few cents per issue if the magazine publishes an issue on a weekly basis.

These are just a few of the ways consumers can keep more money in their pockets so it can be put toward an international money transfer.

Read more from Other
35 Comments
  1. Sep 26 2013

    I do believe all the ideas you’ve introduced for your post. They’re very convincing and can definitely work. Still, the posts are too brief for beginners. May just you please prolong them a bit from subsequent time? Thanks for the post.

  2. Sep 26 2013

    I like your site and thought I would share the service I use to get lots of traffic. http://gmbal.com/259o I am super happy with the website visitors that I receive from their service and I would recommend them to any website owner.

  3. Oct 3 2013

    that’s what i was considering ninth of nov wasn’t outside of this globe

  4. Oct 4 2013

    Some truly amazing content material on this internet web site , appreciate it for contribution.

  5. Oct 4 2013

    A domain name is an identification label which defines a realm of administrative autonomy, authority, or control within the Internet. Domain names are also critica for domain hosting\website hosting

  6. Oct 4 2013

    Some genuinely nice stuff on this internet internet site , I enjoy it.

  7. Oct 6 2013

    I visited plenty of internet site but I conceive this 1 contains something special in it in it

  8. Oct 6 2013

    This is a great subject to speak about. Sometimes I fav stuff like this on Redit. I don

Trackbacks & Pingbacks

  1. www.ubergamez.com
  2. furnace filters
  3. Aline
  4. http://ecotechnologia.net
  5. hemoroizi externi
  6. bed bug treatment
  7. diet pills that work
  8. maggie q nikita
  9. Craigslist Search Engine
  10. web design singapore
  11. news money online
  12. where to sell clothes
  13. lavorare da casa
  14. atlanta movers
  15. atlanta water damage repair
  16. book of ra online echtes geld
  17. free electric cigarette starter kit
  18. garcinia cambogia extract manufacturers
  19. tabela fipe carros da fiat
  20. apostilaenem2013.wordpress.com
  21. spring breakers video
  22. UATWPtIzlf UATWPtIzlf
  23. travel to this place
  24. view publisher site
  25. this content
  26. check my blog
  27. you could try these out

Comments are closed.