Ways We Waste Money Instead of Saving It
Americans are well know as a consumer driven people. We buy, buy buy. Not that there’s anything wrong with that, it’s just that sometimes we are wasting our hard earned dollars. Here are a few ways we are wasting our money.
CREDIT CARD INTEREST:
According to an article in USA Today, currently, the average credit card debt per U.S. household is $15,270, and in total, Americans owe $856.9 billion in credit card debt, based on American Household Credit Card Debt Statistics as of January 2014.f you carry an unpaid balance, it’s worth considering whether you’re a consumer who needs assistance, or if you’re simply spending beyond your means.
Dave Ramsey, money management expert and radio personality, describes the drawbacks of deal websites most accurately with this quote from his list of things Americans waste money on: “Hey, remember that time we bought a laser hair-removal deal for 78 percent off from that start-up place all the way across town and used it for the full amount and within the specified time limit? Neither do we.”
According to the National Resources Defense Council, Americans waste $165 billion annually by tossing away unwanted snacks and meals. The math works out to approximately $529 per person each year.
BAD HEALTH HABITS:
Though soda and candy are delicious snacks, they do lower your quality of health and increase your consumption of non-beneficial food. Americans spent $2.8 billion on candy last Halloween alone, and an annual $117 billion on fast food. Nearly half of Americans drink soda daily.