This Wise Bread article is called “10 Things You Do to Save Money That End Up Costing You More.” They had some good stuff in this one, such as:
7. Getting Suckered Into BOGO Deals and Other Sales
I’m so guilty of this! Spending $100 to save $20 is just plain stupid.
8. Driving Miles and Miles for Cheaper Gas or Other Bargains
I’m always trying to decide if the time and energy it takes to go to multiple stores to get their sales is worth the few dollars I will save. Haven’t come down on one side or the other yet, but it has to be factored in.
Oh, and my Dad will drive 10 miles across town to get gas where it’s $.03/gallon cheaper. Love you, Dad!
10. Buying Food in Bulk and Then Throwing Half of It Away
Our house doesn’t do this too much, but one thing I do forget about is fresh produce – bell peppers, onions, zucchini – then we end up throwing them away. It frustrates me – I literally envision myself throwing dollars in the trash can when I do that!
There’s several other good tips in this article, so I encourage you to read it. There were a couple I’m not sure about, though:
3. Doing Your Own Taxes
With all the excellent software out there that can help you, I’m not sure why you can’t do your own taxes – as long as they aren’t complicated.
4. Building an Emergency Fund, but Not Contributing to a Retirement Plan
Baby steps, people. Baby steps. Some of us can barely afford our monthly budget – we’re working on it. Retirement and college savings are definitely in the plan, but we needed an emergency fund first.
Read the article, and let me know if you agree with them!