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Tips - March 22, 2022

5 Things You’re Overspending On

It takes true mindfulness to notice the things on which you’re overspending. Money is powerful, and people spend it for different reasons. If you want to be wealthy, you can’t afford to spend impulsively. 

The idea is to have a lot of money, not lose it. Let’s consider some things on which you’re prone to overspending. 

The Newest Version of Products

It’s often said that ‘new is always better’, but just how true is that. A certain rush comes with putting precious moolah on the table for that new smartphone, software upgrade, or sedan. But when the high dies down, it’s just money you could’ve saved for investments.

The wealthy only upgrade when it’s crucial. Get in the billionaire mindset. Wait for certain non-essentials to drop in price before going for them.

A University Education

Getting a degree is a great way to get on the path to success. But as Mark Zuckerberg and Bill Gates have exemplified, it’s not the only way to the top. In fact, with the dynamism of this information age, you’re better off with an online course

Bottled Drinks

People buy bottled drinks for different reasons, but you should cut back. Most of the time, these products are overpriced. You can bring a water flask to work. Cut down on soda and increase your intake of fruits and veggies. It’s healthy for both you and your pocket. 

Branded Medicines

Don’t be lured by the large marketing budgets of big pharmaceutical companies. Often, all you’re paying for is their enormous marketing expenditures; there’s no difference in product quality.

Always inquire with your pharmacist about the availability of generic medications. If you need anything for a symptom, ask the pharmacist for a recommendation rather than asking for a specific medicine. Allow them to provide you with all the alternatives.

They will assist you in determining whether there are any recognised adverse effects.

Paid Apps

There are so many paid apps with free alternatives that do the same thing. Before subscribing to a ‘trick’ free trial where you’ll have to bind your card to a platform, consider what’s out there for free.

READ ALSO: 3 Money Traps that Can Make You Poor Despite Increased Income

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