10 Things You’re Spending Too Much Money On

For many individuals, creating and sticking to a budget is easier said than done. It can seem like no matter what you do, you cannot grow your finances the way you want.

The reality is that there are many changes we can make to reduce our expenses. We just need to implement the right tips and tricks and know what to sacrifice.

Sound interesting? Below we are going to take a look at ten different things that you may be spending too much money on.

Let’s get started!


Insurance is a necessity for all of us, but just because we need it doesn’t mean we can’t minimize its cost. There are so many options out there – you can find a more affordable solution that still provides the necessary coverage.

Take a look at the cheapest car insurance Maine, for example. You can easily compare prices to find a company and plan that works best for you and your specific situation. It’s that easy!

Gym Memberships 

Staying fit and healthy is extremely important, and the gym is a great place to do that. However, certain memberships can be costly and may not be worth your while.

Of course, you shouldn’t stop hitting the gym if it’s benefiting your well-being. However, you might want to rethink all of your options. 

Check out other fees and see if an annual subscription or pay-per-use is better. You might also switch between home workouts and using public equipment. 


When it comes to entertainment, subscriptions can undoubtedly be addicting. While a few dollars every time you sign up may seem insignificant, you have to think about the total cost of everything you are using.

After calculating all of your streaming services, music, e-books, and games – you could be spending hundreds of dollars. Often, you may even be paying for things that you don’t use anymore! One or two is more than enough to cure your boredom. 

A great way to overcome your subscription woes is to use sites that can help you download the latest and best entertainment content online. To know more in this regard, click here.


We all love food, but it’s certainly one of life’s most significant expenses. Unfortunately, trips to the grocery store can cost a considerable amount, especially if we get drawn into all their clever sale tactics.

When reviewing your budget, don’t forget to factor in the cost of other food-related services, such as delivery and even dining out. Surcharges and additional fees are other aspects that can quickly drain your savings. 

Household Items

While you may think that household items aren’t that expensive, you might still be spending more than you need to. Brand name products can draw us in, but they often contain the same ingredients as generic versions.

There are also a lot of advertisements online that promise incredible results. However, this is all just a marketing plan, and you’re likely to get the same satisfaction from more affordable options. 

Check out these ways to save on essential household items and expenses here for more advice. You would be amazed at the simple changes you can make.


Speaking of generic versions, it’s also important to note that medication can also come at a much lower price. Generic brand drugs can cost up to 80% less than name versions and are still just as effective in most cases. 

That being said, you should always talk with your doctor or medical professional about your options before deciding to make the switch. The difference in preservatives and fillers can cause sensitivity or intolerance in rare circumstances.


Did you know that the average American spends approximately $92 a month on coffee? That’s over one thousand dollars every single year! 

While it may be an essential life source for many of us, it might be worth considering cutting back or at least making it at home instead of driving through Starbucks. 

These coffee recipes are a great place to get started. However, you might need to invest in the right equipment first.


Like groceries, transport is considered another of life’s most significant expenses. So, if you’re thinking of purchasing the latest and newest car model, you may want to take a moment to truly absorb the costs.

While a new vehicle can be great, it’s often much more cost-effective to search for something used. Yes, there are pros and cons to each, but you don’t need to spend a lot to get from point A to point B.

You might also consider carpooling, taking public transport, riding a bike or walking where possible. Every little step you take makes a big difference to your overall financial health. 


Water, gas, and electricity are payments that we can’t avoid, but there are many ways that you could reduce your usage. Simple changes, such as using LED globes and low-flow faucets, can save you hundreds and are better for the environment.

Even implementing small rules into your household, such as turning the taps off when you brush your teeth and switching off unnecessary lights, can help immensely. It might take a few tries, but everything will become a new habit before long.

A few other tips to remember include:

  • Using energy monitoring.
  • Closing curtains and doors.
  • Washing clothes in cold water.
  • Insulating your home correctly.
  • Adjusting appliance settings.


Last on the list, while you might feel great wearing those brand-new sneakers, or branded T-shirts, you can still look just as amazing without them. Clothes allow us to express ourselves, but we often buy more than we need.

Instead of splurging on the latest new releases, try and shop in the sale section, or hit your local thrift shops. You can still dress to impress without sacrificing your financial health.

Final Words

And that’s it! These are ten things that you may be spending too much money on. Of course, spoiling and treating ourselves with things that we love is totally acceptable, but if you want to budget, it’s worth starting with the above. You may discover that you are happy to make a few compromises.

Good luck!

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