6 Things You Are Paying Too Much For Every Month

 

I love to spend money, but only when I’m saving money too. Now, I know that sounds like a total contradiction right? But what I mean is that I only like to spend money on something if it’s a good deal, if I’m not spending too much on it, and if it’s not overpriced to start with. I love a good sale and rarely, if ever, pay full price for anything.

 

 

I like to think I’m a super saavy shopper and know the ins-and-outs of the price of just about everything that I buy. But there are always things we can be paying too much for and don’t even know it.

Most of us don’t even think about it, but there are things we are paying way too much for on a regular basis.

Here’s 6 things I bet you are spending too much on each month and might want to take a look at:

Groceries

Oh my gosh… when I see people loading their carts in the grocery store with things I KNOW they could be saving on, it makes me near crazy. I feel like I could be on a talk show where I surprise shoppers with “Are you sure you want to pay that much for this?” The best piece of advice I have when buying groceries is:

  • Do your research in advance – figure out what food you already have on hand and from there you can figure out what you need (no sense arriving home with another jar of mayo when you already have one in the cupboard you’ve yet to even open.)
  • Scour the weekly flyers/circulars – browse what’s on sale this week, especially when it comes to meat and produce. (You can save sooo much money when things are on sale.)
  • Meal plan for the week – take your flyers and based on what’s on sale this week, create a meal plan of things the family will eat all week.

 

Related Post: The Easy Trick to Save Tons of Money on Groceries

 

Cable

I tell ya, I’d love to see what a cable company makes in the run of a month. Then again, maybe not. I’m sure it would make me sick. If you’ve been around my blog for a while, you know I can’t stand the costs of cable TV. Our cable bill at my house was roughly $300/month. (mind you, that also included home phone and internet, but still). Believe me, you can survive without cable. We have a Netflix membership and I often catch up on news and the such via online streaming over the web. Often times you could even subscribe to more than one membership site for way less than what your cable would cost.

 

Related Post: Quick Guide: The Cash Envelope System

Cell Phone

It’s no secret that in Canada, we are seriously overpaying for cell phone plans. Depending on your plan which is mostly governed on how much data you have, you could be paying as much as $150/month for your cell phone. Do you really need to pay that much? Have a good look at your current plan and compare companies. With so many places offering wi-fi in public places there is less need for so much data. You’d be surprised how much you can save by shopping around.

 

Car

Every time I see someone driving around in an expensive car I almost get hives. I shudder to think of all the money that’s tied up in the vehicle because not only are the payments high, but they take more expensive gasoline, they also cost more to insure, and cost more to repair. Now don’t get me wrong, there’s nothing wrong with anyone having a car like that, but when you can’t really afford to have a car like that, it’s a problem. If you’re using credit to put gas in it or get it fixed, then guess what? You can’t afford it. Consider downsizing your vehicle to be more cost effective. After all, doesn’t a less expensive car get you to work as easily as an expensive car?

 

Insurance

We recently found out we were paying more than we needed to be with our home and auto insurance through a major national insurance agency. We shopped around and are saving roughly $70/month on our insurance now. Contact your insurance company and see if there are ways to reduce your payment, or even shop around and contact a few other agencies. They are always happy to give you a quote and you might be surprised at the difference.

 

Related Post: Things You’re Doing That Are Making You Broke

Clothing

If you go through my closet, you won’t find any designer clothes or handbags. No way. I don’t need $400 pants or $200 shirts. Not gonna happen. I’m frugal and can find plenty of great clothes in shops that cost way less. I just bought 2 long sleeve t-shirts to wear with my work clothes at Walmart for $9 each. I wore one the other day with a blazer I got for free when doing a mystery shop, and got so many compliments on the combo. People were shocked the shirt was from Walmart. The way I see it, is that unless I’m going to a meeting with some high end fashion designers from New York, I don’t need to have expensive clothes (and probably wouldn’t have them then either anyway). Don’t forget that expensive clothes often need to be dry-cleaned which is an additional expense every time it needs to be done. So nope, I’m not doing it.

 

And there you have it, some every day things that you just might be spending too much money for each month. It might be time to have a look at your current expenses and see where you might be able to cut back. I mean, after all, isn’t the money better in your pocket than someone else’s?

 

Have you got something else you find you spend too much for? I’d love to hear it.

 

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