Money comes and goes, and when you consider the fact that more than half, or 58%, of all Americans are now living paycheck to paycheck, saving becomes as important as ever. This usually starts with cutting down on unnecessary spending.
To find out what people can do without, Redditor u/gejiw94601 made a post on r/AskReddit earlier this month, asking everyone, "What's the biggest waste of money?" Since then, it has received over 2.6k comments, prompting a discussion on our budgeting, spending habits, and everything inbetween. Here are some of the most popular answers to their question.
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Weddings.
Crazy expensive day. Guaranteed at least one relative will kick up a stink. Massive pressure to be The Happiest Day of Your Life. Everything doubles in cost if you say its for a wedding (dress, suit, cake, venue)
Just do the quick registry office paperwork, have a surpise party and run away for a long honeymoon with the money you saved.
who did come up with the saying that this is supposed to be the "happiest day of your life" anyway? I can think of a dozen other days immediately which are far more life-changing. Come to think of it, does anything really change when you get married? Your daily life just goes on as it did before.
Those that are donated to house of worships, for pastors to buy private jets & catholic priest to play dress up
Cigarettes. $13+ for a pack of cancer
Giving your money to the Catholic Church. You’ve got to be f*****g kidding me.
I'm not in accord with this. I have plenty to say against my late priest as he didn't have time for his seminarists, but he always donated everything he could to the poors. Everyone who need something and went to his door got whatever he had, to the point that the local Charitas had a discussion with him because often he was tricked by conmen. The same Charitas help a lot of people, often people that didn't want any help to maintain the appearance, so they are helped in secret. A falling tree makes more noise than an entire growing forest
Donating to rich twitch streamers. I’ll probably never understand why people do it.
How about that time people donated to Kylie Jenner so she could be the youngest ever (“self-made” 😂) billionaire?
Buying pro-grade stuff you don't need is wasted money. My dad once told me to not spend excessive money on tools at first. Buy them for dirt cheap, learn which tools you really need, and when they break, replace them with quality ones.
Cryptocurrency.
It is fake money and only has value so long as people believe in it. It has become a way to scam people out of money. Incidentally values have dropped from about $3 trillion to about $1 trillion. So someone other than investors is getting rich. Also does not have the regulations of stocks.
Celebrity meet and greets.
I have a friend who is not very well off financially, and is complaining about money to me once a week. Yet she always seems to have money to pay for a celebrity meet and greet at least twice a year. Some of them are only a couple hundred dollars, but some can get really expensive, really fast. For what? A picture next to a famous person? They neither know you, nor do they care about you.
Astrology.
It's cool for fun. I love reading about my sign from different astrological myths. But I don't live my life by it.
i LOVE astrology. (as you cansee in my username) i like to compare myself to it, but myself ONLY. if other people dont like astrology, ill only mention 1 or 2 things about it. but if other people enjoy the astrology, well ramble on and on about it
Load More Replies...Read mine this morning, and it said: Why are you reading this when you know it's utter bollocks?
astrology is just the goofiest thing on earth. ppl are always like "oops sorry I'm a libra UwU" like, that's not an excuse to punch people💀💀💀
Imposter!! We're known for our sarcastic natures. You're not one of us. Go back to your Virgos and Geminis. (Or at least that's what I'd write if I believed in astrology.)
Load More Replies...mine is a hobby too! i know a lot about astrology, and i love it. but like i said i dont say anything if someone i know doesnt like it, and nor do i spend money either
Load More Replies...All my closest friends are Gemini. The funny thing is that they are nothing alike.
Load More Replies...Srsly tho. I'm supposed to be an Aquarius and online tests say I'm either a cancer or an aries
there can be other parts to zodiac signs, moon sign, your sun sign, your rising and falling.
Load More Replies...so many things wrong with astrology. Let big rocks in space do their thing. they don't control your life. They don't give a cr*p about what is happening on earth.
ACtually there is scientific evidence that the positions of the planets and the sun in our solar system CAN and DO effect our moods. Now I said evidence not proof, but they have found some things recently that make the idea of astology plausible.
if you pay for a reading, yes. If you pay for books, yes. If you read it online.. not really - then it's just silly.
I think constellations are beautiful, and I draw them on my arms sometimes. But SOME PEOPLE are like “Omg! You’re a ____? I knew it! You totally act like it!”
Overdraft fees. Like, the bank should know better than anybody that I have no money. So what are you trying to take?
And some banks charge an extra $5-$10 everyday your account is in the negative. This is why I switched to a credit union. The overdraft for mine is $12, but they won't let you get into the negative to begin with and sometimes they'll forgive the overdraft.
Third-party delivery i.e. DoorDash/Uber Eats/GrubHub
The fees + tips are exorbantly high, and a normally affordable fast food meal becomes the price of a sit-down restaurant meal or more.
This is from first hand experience lol
You have the option to spend time to get the food yourself, or spend money to have someone else get it for you. So it depends on whether you value your time more or less than your money
Gold Food, or more accurately food that are covered in something called gold leaf. In my eyes, food are worth buying if they provide a great amount of nutrition for considerably good prices. After all, you probably avoid paying 50 million dollars just to buy a few molecules that are useless to your health and needs
And then there's gold leaf food, sure the food looks fancy but at the cost of ludicrous amount of money! And with the gold having no usable nutrients at all, it just not worth it to buy such expensive food for relatively small amount of nutrients
For instance, Industry Kitchen(hopefully that's the name of the place) at NYC serves a pizza with a gold leaf covering for a whopping price of $2000. While at my home country which is Indonesia, Domino's serves an American Classic Cheeseburger Pizza(idk that's a thing) which is the most expensive pizza I could find on the website costs around $7 which is just baffling to me
An entire gold leaf (8x8cm or 10x10cm) costs around 1 euro/1 dollar. The small part used to decorate a cake, a pastry or whatever in a dish costs only a few cents. You are definitely not paying for the gold added. And stop with the b******t about nutrition, it’s purely a cheap (yes cheap) decoration, it’s not about feeding you. Then if you’re stupid enough to buy a $2000 pizza you’re a moron, it’s not about the gold leaf.
Cod points or any other online game currency bs. Yeah its cool at first but meh after you realize you spent $20 for basically nothing.
Ugh. I feel for this recently. And am not proud to admit it. A stupid mobile game no less. But the chests were so tempting. And it made my character stronger. Sigh.... I spent about 200$... :( lol
Bottled water.
Go to anywhere in central America, most anywhere in SE Asia, Flint Michigan.....drink the water from the faucet and then come back the next day (as your guts bubble and you struggle not to shít yourself) and mention how useless bottled water is.
Fireworks, i love them, but it's like 50$ per second for the good ones.
Traumatize and terrify your pets, the war veterans in your community, and all the wildlife nearby for just $50/second!!!
Any dating apps subscription - like find out who liked you now for only a billion dollars!
Tipping.
Credit Card interest
Yeah, it's stupid to pay interest if you have the cash to pay the whole bill at once. But a business charging someone a monthly fee for using money that isn't theirs is pretty legit. And if you can't repay what you borrowed...you shouldn't have borrowed money in the first place.
So called beauty products, makeup, expensive clothes and purses, most things marketed towards women.
Sorry but I love my lippies. I don't do it for anyone else but me because it makes me feel good. Also I do like dressing up and expensive can be relative when you're looking for something that fits and is gonna last. I definitely can't imagine spending thousands on shoes but the difference between shoes that last 10 years and those that last under 2 is often a hundred bucks.
Settlements to pay victims of police brutality and civil rights violations added to the paid vacations given to the the police while they pretend to investigate eachother and allow eachother to continue to work and brutalized innocent people, and violate people's civil rights. Police budgets continue to be increased and so do lawsuit Settlements paid by that taxpayers over and over again because the police face no repercussions.
Pay all abuse settlements from the police pension funds - you will quickly see the abuses stop. But their unions are more corrupt than the worst mafiosa.
Buying cheap [stuff] you have to replace.
The required classes most colleges make you take the first year. I was forced to take Finite math. I never use it. It doesn’t make any sense to have general required courses when you already know what you want to study. And if they actually care the classes would be about living like an adult-especially since usually it is the first time young adults are on their own.
A lot of nursing majors were pissed they had to take an "unnecessary" Native American history and culture class at my college. The largest minority population in my state is Native people. They will literally be working with and treating them. College students are not always great at being aware of what classes will be useful. Although I do kind of agree with finite math. If it's not a prerequisite for other math classes students need it really makes more sense to have practical math. Like stuff related to calculating home and auto loans, banking, budget, retirement stuff or whatever.
Lawn care companies. Paying someone money to make your yard toxic to children, birds, dogs and other animals because you want your grass to look like green wall to wall carpet…meanwhile, all your yard does is burn fossil fuels (mower) and deplete the soil. Make it make sense.
Brand new cars
Problem here is subscription. Used to be when you bought a car, you bought a car.
Gift wrapping paper, ribbons etc
technically correct, but i think it's worth it just to see the expression on the recipient's face when they unwrap the gift. sometimes joy, sometimes disappointment... still worth it :D
organic and "clean" products. a big freaking marketing joke. Paying for a feeling basically
You're paying for a lack of pesticides and other sprays which may (or may not) damage your health
Rent.
you can always live in a box. were the people who came up with this list on drugs? Not everyone can afford a house and rent is the only option in that case
Shoes. I don’t understand why people spend so much money on them.
This needs to specify whether it's the super expensive fancy/collectible shoes or just shoes in general... coz the latter are kind of essential in most scenarios
Insurance!
are you insane? NO. Insurance is what I buy before food. If you crash your car, or your laptop is stolen, you are ROYALLY SCREWED without insurance. You won't be able to get to work in many countries, nor would you be able to do your work (if a knowledge-worker). So No. Absolutely you need it. In many countries you have mediocre healthcare offerings (I'm not talking about UK/EU). Meaning health insurance helps you get access to a better quality. Same for life insurance. If you have a family to support and no pension fund, you better have life insurance so that if you die, your family is not left destitute. This post is extremely irresponsible.
Industrial-scale tourism.
I can't fathom paying a small fortune to get stuffed into a giant aluminum tube with 300+ (rude) strangers for hours on end only to be harassed and groped by airport security at my destination.
I'm not even talking about visiting some landmark with a battalion's worth of people jostling to take selfies.
They say people should buy experiences, not things. Well I'd rather have a roof over my head in my old age than fond memories of bad wine from a tourist trap vineyard.
Thanks but no thanks. I'll just wait for the invention of VR tours.
This sounds like someone who only ever went on an organised tour once in their life and thinks that all tourism is the same. Unfortunately, to get to most places, you do need to be stuck in an aluminium tube of farts for a few hours. But once you reach your destination there are so many things you can do to discover another country/city/etc while staying away from the crowds
Personally I would put Jordans everyone is flexing them and why would you spend a lot of something on your feet
Timeshares. It starts out nice then the maintenance fees take over until you're paying more than what the week costs. And you're stuck for life paying unless you are able to get free of it.
You guys missed one: psychics. I feel really bad for people who pay a bunch of money to see a psychic. It is kind of the same as church. If you're emotionally vulnerable people will find a way to get money out of you..
shoes, iPhones, insurance are a must-have but you can literally invest in anything better than bitcoin
Load More Replies...Personally I would put Jordans everyone is flexing them and why would you spend a lot of something on your feet
Timeshares. It starts out nice then the maintenance fees take over until you're paying more than what the week costs. And you're stuck for life paying unless you are able to get free of it.
You guys missed one: psychics. I feel really bad for people who pay a bunch of money to see a psychic. It is kind of the same as church. If you're emotionally vulnerable people will find a way to get money out of you..
shoes, iPhones, insurance are a must-have but you can literally invest in anything better than bitcoin
Load More Replies...