Ten Habits That Are Keeping You From Saving Money

In today's world, it's more important than ever to prepare for your future financially. And one of the easiest ways to fill your budget is to cut back on expenses and save more. Cheapism tells you what habits make you spend too much.

We all love to save money, but let's be honest. Some habits empty our wallets. We don't even realize it. Shopping "A dollar here, a dollar there" tends to accumulate without being noticed.

Here is 10 habits, which experts recommend getting rid of as soon as possible. You'll be stunned by how much you can save by making small changes to your life. So, don't:

Drink coffee at Starbucks every morning

Young people could improve their quality of life by making coffee at home instead of buying it at Starbucks. A single drink at $5 is more than the price of coffee you buy at the supermarket and make at home. So while this advice won't help you buy a new Ferrari, it will save you a little money.

Order ready-made food often

Delivery and service fees, plus tips, make takeout much more expensive than cooking dinner at home. Sure, that won't make your lobster thermidor or filet mignon any cheaper, but at least you won't have to shell out money on tips.

On the subject: Personal experience: extreme savings helped me buy two houses in New York on a teacher's salary

Buying groceries without a list

Going grocery shopping without a list often leads to impulse buying and wasted spending. This can lead to you forgetting to buy basic items while browsing the liquor aisle. Please make a list and stick to it.

Pay for unused subscriptions

Remember how you got a month of free HBO? You also remember how you completely forgot about it. As a result, you ended up paying for HBO every month. It’s a tough situation, but there’s an easy way out. Streaming services, gym memberships, or magazines, if you don’t use them, cancel them!

Become passionate about brands

Generic or branded goods are often just as good as branded ones. But they cost significantly less. Those who trust local brands will breathe a sigh of relief at the checkout. The amount the cashier will quote will be quite affordable for your wallet.

Use ATMs that charge a fee

Those small fees at third-party ATMs add up. Stick to your bank's terminals or get cash back at the teller if you're in a place that offers it. Paying $3 to access your money is a bummer.

Keep your money in a low interest savings account

Of course, there's nothing wrong with keeping your money in a savings account. Look for high-yield savings accounts to maximize the growth of your funds. Otherwise, you might as well just keep them under your mattress.

Leave lights and electronics on

This is an old topic. Now that you, not your parents, are paying, turn off unused lights and devices to reduce your electricity bill. And don't forget to tell your parents they were right.

Paying for an expensive gym membership you don't use

Joining a gym is probably a great decision. But: you show up on January 1st and that's the end of your gym career. If you don't go to the gym regularly, cancel your membership and do squats at home, every one of which is free.

Go shopping when you are bored

Retail therapy is fun, but it's bad for your bank account. You're obviously in a lousy mood when you're making a bunch of "Why not?" purchases. You'll remember that pink cat-tail onesie when it's time to pay the bills.