Wednesday, September 25, 2024

Sep 25 2024 - Wasting Money

 

What do you think?  Should you begin to pay attention to these top money wasting activities?

  1. Convenience Stores. Many people don't think about the markup they pay for convenience store items. 
  2. Cell Phone Plans.
  3. Soft Drinks.
  4. Unnecessary Bank Fees. 
  5. Magazines. 
  6. Annual Credit Card Fees.
It seems to me that the advice should be more like" take one less vacation a year, don't buy a new car so often,  stop eating take-out so often," and so on.

Dave Ramsey says you will waste $5,000 a year if you spend little purchases of $13.70 a day.  So I guess you could take that second vacation for one person.  The other person will have to save their own $5,000.

 There seems to be substantial differences on how we waste money.  Another article says these items
  1.  insurance we don't need
  2. refinancing home too often
  3. making minimum credit card payments when you can afford more
  4. giving too much power to emotional spending ... and a few more
 
We Canadians are known for 10 ways that we waste money.  More ways than U.S. folks. Ours are things like not comparing prices, buying brand name products, eating out, daily coffee trips, overspending on utilities, neglecting home and car maintenance, paying for services you don't use, forgetting automatic charges and renewals, unnecessary bank fees, overpaying for life insurance.  What about this statistic?  Canadians waste over $1,300 per family per year in food waste.  That seems like a lot.

 Ad to that articles says that Canadians also produce more garbage per capita than any other country.  More than the U.S.?  Wikipedia says the U.S. produces more garbage per capita.  We both produce a lot.


 Here's one of my favourite lily images from Brian's hybridizing field.
 
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