Things You Should Spend Less Money On This Year

January 2, 2017  |  
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The unwillingness to seek out a better deal, brand loyalty, fear of making or fixing something ourselves—these are just some of the reasons we all spend too much money on everyday things and services. Often we’re simply convinced that we could not live without something that we really could live without, and would hardly notice was missing. But if you critically analyze your spending habits and change them, you could do things like be ready for retirement on time, purchase a home earlier than you thought, and improve your credit. You could also not go into a full panic mode any time a $1,000 unexpected expense comes up. You can do all of this not by making more, but by spending less. Here are things we could all do to spend less money in the New Year.

Black woman driving



How often do you take your car just to drive a quarter of a mile to the post office? Or, how often do you drive all by yourself across town, when your neighbor was going too, and you could have split the gas? Walking when you can, and splitting the gas money when it makes sense, can save you a lot.

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Going out for meals

It’s far more intimate to have your friends over for dinner, and you can usually get away with making dinner for four for less money than you would just to pay for you and your partner’s half at a restaurant. Just keep it simple.

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Your phone

You know a newer, better version of your $500 phone is just around the corner. Wait until your service provider is offering a deal on a new phone, rather than jumping to buy it yourself.





You almost definitely have too many clothes. You probably have items you wear once a year not to mention several items that really serve the same purpose, like seven pairs of jeans. Remember that clothing only depreciates.




Sure, your gym offers lavender-flavored water and real doors on the showers, but is that worth spending $100 a month on the membership rather than, say, $30 a month? You’re really just running on a treadmill.

Woman spring cleaning


Having someone clean your home

Having somebody clean your home can be very nice, but if you pay for this on a weekly basis, you’re probably spending too much. A) your home probably only needs a deep clean every two weeks and B) you could easily do a touch-up, on your own, for free every other week.


Fixing things

If you just watched a YouTube video, you could discover how to snake a sink or fix a leaky pipe. A handyman may charge you hundreds to do it.








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Depending on where you live, you could probably spend less on a monthly mortgage than you currently do on rent. And then, when you were done paying off your mortgage, you’d own a home. It’s something to think about if you have the down payment or the credit to get a loan for one.



Your health will always thank you if you cut back on the alcohol, but if cocktails with your friends is a must, then have them over for drinks. Think about it; you can buy a nice bottle of vodka for $20, and you can all enjoy several drinks. A few top shelf vodka cocktails at a bar will easily cost you $40 with tip.

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Brand name food

When it comes to things like granola, milk, eggs and cheese, who cares if you’ve seen the brand in commercials or not? It’s really all the same thing. Shaving a few dollars off of these items you buy weekly can save you a lot of money.


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Fancy coffee

You can buy a bag of a month’s worth supply of your favorite blend for probably around $10 to $20. Or, you can keep spending $3.75 a day on it.




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Throwing food out

We’ve all been there; we have groceries that we know are only good for one more night, but we want to pick up takeout from our favorite place. That means those groceries go down the drain, and we buy food we didn’t need.

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Heating and cooling

You probably run that thermostat so that your home feels perfectly comfortable all day long. You could probably layer up and buy some slippers, or take off layers and save money.


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Eating junk

What happens when you eat junk? Well, first off, it doesn’t have nutrition, so it was a waste of money. But then you feel bad about it, so you pay for an extra Pilates class to make up for it.



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Grocery bags and disposable cups

Buying grocery bags or a new cup every time you go to the grocery store or coffee shop isn’t that expensive, but why spend money you don’t need to spend?

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