Skip to main content

Secret Spending: Are You Emptying Your Bank Account Without Realising It?

No matter who you are, there's a good chance that you're going to be at least a little bit concerned about your finances from time to time. After all, if there's one thing that just about everyone needs in order to live their life the way they want, it's money. Sure, you can say that the best things in life are free, but try telling that to someone who can't afford clothes or even to keep a roof over their head. And yet, despite just how hard many people work to be able to afford the things that they need in life, it's incredibly common to end up feeling as though you constantly have less money that you need, even if you're trying to be careful. It can feel as though there's a hole in the bottom of your bank account that money is just leaking out on all the time, bit by bit. Of course, that's not actually the case, but it isn't actually that far off. There is probably a whole host of different things that are causing you to lose money without even realising it. In order to help you avoid this, here are some of the reasons why your bank account might be emptier than it should.

Household costs

bills, calculator, cash

Of all of the expenses that you'll probably have to deal with, your home is likely the most significant. Rent or mortgage payments are generally the largest single amount that many people pay on a monthly basis, but it's actually very common for a lot of other household expenses to begin to add up over time. The most likely of these are power bills. Many people set up their gas and electricity and then never really think about whether they're paying a reasonable amount or not. You should shop around regularly choose power companies that offer you the best possible prices at any given time. A lot of power companies take advantage of how infrequently people check what they're paying to gradually increase the price. That way you don't notice right away, but it doesn't take long before you're spending far more than you initially thought.

Unnecessary bills

In the same way that people fail to pay attention to their power bills, they tend to ignore a lot of other regular payments as well. The issue here is that people almost always find themselves paying more than they need to. Firstly, you should look at what your regular bills are and ask yourself if you really need to be spending that money. If you have Netflix, then do you really need Hulu plus as well? Sure, they're nice to have, but the cost of those things tends to add up over time. Secondly, you should see if it's possible to get a better deal on the things that you are paying for. If you've been paying the same phone bill for years, you may well be able to get a better deal by switching to a different provider. In fact, if you tell your current provider that you're looking to switch, they may well end up offering you an even better deal in order to avoid losing you as a customer.

Luxury spending

bank, banking, blue

The biggest issue that causes many people to end up with less money at the end of the month than they expected is that they simply spend too much money without thinking. Now, this isn't usually large purchases like cars or TVs, but smaller purchases that make a surprising amount of difference over time. Studies have shown that people will think twice about spending $100 but will rarely worry about spending $10 ten times. You might think that little purchases here, and there aren't going to make any kind of difference to your overall financial situation, but those kinds of purchases can add up incredibly quickly. Before you know it, little bits of spending have become a major factor in why your bank balance is so much lower than you were expecting it to be.

Now, no matter what you do, you're never going to be completely able to avoid spending money. After all, it's impossible to get something for nothing, and if you want a certain kind of life, then you have to pay for it, but hopefully, this list will give you an idea of how to pay closer attention to the money that you're spending so that you don't end up in any serious financial difficulty further down the line.

Comments

Popular posts from this blog

Before the Wrath Movie

 Hi All!! Have you heard about Before the Wrath?  This highly rated film is narrated by Kevin Sorbo. ● Highlights the importance and impact of Biblical prophecy ● Narrated by Kevin Sorbo and featuring: ○ Jack Hibbs - Theologist and host of “Real Life” on SiriusXM ○ Amir Tsarfati - Founder and President of Behold Israel ○ Jan Markell - Founder of Olive Tree Ministries ○ JD Farag - Theologist and Eschatologist ○ Scott McConnell - Exec. Director of Lifeway Research ○ Jay McCarl - Ancient Middle Eastern Anthropologist ○ Lizette Dillinger - Qualitative Director of LifeWay Research ● YouVersion 5 day reading plan available - https://www.bible.com/reading-plans/20059-before-the-wrath Before the Wrath 1. Talking points: ● #1 Christian movie in Am I did find much of the movie interesting and informing.  I am not sure I totally agree with all their points, but it did challenge me to go look and research for myself. Where can you purchase Before the Wrath: Landing page: ​https://www.

Prilosec OTC $25 Rebate plus a $100 AMEX Giveaway

Hey Neighbors! Do you suffer from heartburn? I do sometimes. I personally can not eat really spicy foods. Problem? I LOVE MEXICAN! So does my whole family. My husband enjoys really spicy foods and sometimes suffers from it. Solution? Have you heard about Prilosec OTC? If not perhaps you would like to try it. Prilosec OTC has a special offer going on right now through February 15th. Buy 2 Prilosec OTC and get $25 back. Now, I personally have not tried Prilosec OTC yet. But according to the site: "How and Why Prilosec OTC® Works Prilosec OTC Blocks Heartburn When you eat, millions of tiny pumps in your stomach lining create acid to break down food. Normally your lower esophageal sphincter (LES) works as a door, opening and closing to let food pass from your esophagus HEARTBURN GLOSSARY Esophagus: Tube connecting the mouth to the stomach; a passageway for food; part of the digestive

Are Big Dogs A Bigger Responsibility?

Image Source Dogs come in all shapes and sizes. When opting to own a bigger breed, there are clearly going to be some differences in owning a Chihuahua. However, how big are these differences? Is the responsibility far greater with a humungous hound? Or are there some bonuses to having a big bow-wow-ing beast? Diet Big dogs do require a different diet then small dogs, not just in terms of portion size but nutrients too. They often need a greater amount of protein, especially as a pup when they are growing. This higher protein food costs more, and given that you’ll be serving up higher portions, you’ll go through a lot more dog food with a big breed than you would with a small breed. There are also other factors to consider. Big dogs are often more likely to contract allergies to certain foods. This can sometimes mean buying hypoallergenic dog food , which is unsurprisingly more expensive. It’s also recommended using a raised dog bowl once a big dog reaches adulthood.