Three ways to stop wasting money in 2018

piggy bank in poured out pile of money

Impulse purchases and unplanned shopping lead to wasting a lot of money that could be put to better use, like savings or investing. Imagine if you skipped just one Grande Mocha Latte a week and put that money into an emergency fund instead. In just one year you’d have about $400 set aside for unexpected expenses. And isn’t that a better use of your money?

Minor purchases of just a few dollars don’t really make us stop and think because, well, it’s only a few dollars. But a few dollars here and there adds up to a lot of dollars and very quickly. These minor purchases could be costing you hundreds of dollars a month and could be the reason your budget isn’t working.

In addition to keeping a close eye on the little things, here are three great ways to stop wasting money in 2018:

1. Stop paying for shipping. Many companies offer free shipping if you’re willing to wait an extra few days for delivery or you meet a minimum spend requirement. If you plan your online shopping better you can take advantage of these free shipping options. Don’t wait until you’re completely out of pet food to place an order and pay for overnight delivery. Order a week before you need and add on treats, toys, or other necessities to get your order up to the minimum spend. And if you’re an Amazon Prime member, take advantage of the perks you’re paying for by ordering through Amazon and get free two-day shipping.

2. Cancel subscriptions. If you subscribe to magazines or newspapers, you can read all the same news and most of the same articles online either on their website or on other sites. News stories are everywhere for free, no need to subscribe to a news service for a monthly fee. And your favorite magazines . . . they usually feature all of their articles, recipes, and how-to’s for the month on their social media sites with links to where you can read the article online. Depending on how many subscriptions you have, this can save you a hundred dollars or more per year.

3. Stop paying to workout. Between exercising at home, going for a run or bike ride, and taking free classes through church groups, you can find other ways to get your exercise in than paying for a high-priced gym membership. If you enjoy yoga or Pilates, buy a video or look for a neighborhood class where you can pay per class. It’s usually a minimal fee, and less expensive than your membership. If you’re into weight-training, you can buy a set of weights for less than you pay for an annual gym membership.

One last tip to help you stop wasting money . . . the chances of a “get rich quick” plan paying off are slim to none so stop spending money on lottery tickets or bets. You’ll spend more than you’ll get back. If you want to build your wealth, save and invest instead. You’ll watch your money grow faster.

Tagged in Psychology and money, Reducing expenses, Smart shopping

Emilie writes about overcoming debt, while balancing trying to eat healthy, stay fit, and have a little fun along the way. You can find more of her work at

  • Better Business Bureau A+ rating Better Business Bureau
    MMI is proud to have achieved an A+ rating from the Better Business Bureau (BBB), a nonprofit organization focused on promoting and improving marketplace trust. The BBB investigates charges of fraud against both consumers and businesses, sets standards for truthfulness in advertising, and evaluates the trustworthiness of businesses and charities, providing a score from A+ (highest) to F (lowest).
  • Financial Counseling Association of America Financial Counseling Association of America
    MMI is a proud member of the Financial Counseling Association of America (FCAA), a national association representing financial counseling companies that provide consumer credit counseling, housing counseling, student loan counseling, bankruptcy counseling, debt management, and various financial education services.
  • Trustpilot Trustpilot
    MMI is rated as “Excellent” (4.9/5) by reviewers on Trustpilot, a global, online consumer review platform dedicated to openness and transparency. Since 2007, Trustpilot has received over 116 million customer reviews for nearly 500,000 different websites and businesses. See what others are saying about the work we do.
  • Department of Housing and Urban Development - Equal Housing Opportunity Department of Housing and Urban Development
    MMI is certified by the U.S. Department of Housing and Urban Development (HUD) to provide consumer housing counseling. The mission of HUD is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD provides support services directly and through approved, local agencies like MMI.
  • Council on Accreditation Council On Accreditation
    MMI is proudly accredited by the Council on Accreditation (COA), an international, independent, nonprofit, human service accrediting organization. COA’s thorough, peer-reviewed accreditation process is designed to ensure that organizations like MMI are providing the highest standard of service and support for clients and employees alike.
  • National Foundation for Credit Counseling National Foundation for Credit Counseling
    MMI is a longstanding member of the National Foundation for Credit Counseling® (NFCC®), the nation’s largest nonprofit financial counseling organization. Founded in 1951, the NFCC’s mission is to promote financially responsible behavior and help member organizations like MMI deliver the highest-quality financial education and counseling services.