7 Unnecessary Purchases to Avoid

It is hard to save nowadays with virtually any impulse purchase you have at your fingertips being able to shop online and buy with a click of a button.  Before you hit “submit”, try and avoid some of the biggest unnecessary purchases that you can make.

Four-Course Restaurant Meals

Unless it is a once a year special occasion, there is no reason to splurge this much on a dinner.  For one, having an appetizer, salad, entrée, dessert is not healthy, it is also a huge strain on your wallet.  If you do need to eat out, make sure you are not starving when you go out, so you can avoid temptation and just get an entrée.

Too Much House

I’m not sure if it is a sign of status, but I see far too many people buying huge houses for a couple or small family, that being “house-poor” is not worth it when you figure how much you are losing out in putting in savings, or having life experiences.  Try getting a house that you can comfortably fit in instead of hearing echoes.

Overseas Vacations

Not a knock against any of the beautiful countries overseas from the United States, but the problem is the plane ticket.  With a going rate between $1,200-$1,600 at any given time, that could be the price of a mortgage payment.  While it may be a bucket list to travel abroad, save that for your later years when you can afford it.

Expensive Art

These days you can see every day on Pinterest how creative we are these days, reclaiming old wood into furniture, and buying cheap bookcase and adding molding to create an entire wall of storage that looks expensive.  There is no need to blow money on expensive art when you can create something decorative and trendy for pennies compared to what you would spend on fancy art that no one will know the difference anyhow.

Lottery Tickets

I am sorry to point out the (hopefully) obvious; you or anyone you know are not going to win the lottery.  Office teams pool together, senior play the same numbers every week, and what does it bring?  Lots of wasted money.  Give up the scratch-off’s and the easy-pick’s and invest in something that will make you interest, which will equal money.

Pet Clothes

I will keep this short and sweet.  Pet clothes look stupid, your dog does not enjoy and feels funny, and they are a complete waste of money.  Save the embarrassment to yourself and your pet, and keep the money.

Outrageous Wedding Dress

We see the wedding dress shopping reality shows on TV where the spoiled bride gets a budget of $5,000-10,000 for a dress that she will hopefully wear for only one night in her life.  Sure, it is an important day, don’t get me wrong, but although it is a great party, the memories will fade of what your dress looked like and you could have spent on a cheaper but elegant dress that still made you look beautiful.

Finding the Perfect Vacation Accommodation

We all look forward to our annual vacation, a time to kick back, relax, and forget about the everyday world. However, there’s usually weeks’ worth of preparation put into planning for your getaway, even if it is as simple as renting a cottage. Questions like “lakefront or forest?”, “do I need to bring propane for the BBQ?”, “mom, where’s the Frisbee?”, are enough to warrant setting aside three vacation days to simply recover from the effort of getting there.

If you are wondering whether this is normal, we can hazard a “yes”. If you ask whether it should be normal, …

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How to Plan and Enjoy a Staycation

Sometimes it’s difficult to keep in mind that a traveling vacation is a luxury, not a right. Though time off from work is something mandated by government and required for the healthy functioning of employees, going away for a week or more is not always something that we can do.

There is a plethora of reasons for this, from responsibilities to your family, difficult to manage travel logistics, health restrictions, an inability to relax outside of home, to the most popular reason: a restrictive budget. Going away on vacation can quickly add up to be a huge expense, as you …

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4 Essential Purchases to Jumpstart Weight Loss

You can run, but you can’t hide from the onslaught of weight loss marketing campaigns. You see them on TV (even on the cooking channel!), you hear them on the radio, and they even pop up in our Facebook and Instagram feeds!

The truth is that a great segment of the North American population is unfortunately overweight. This affects our health, our self-esteem, and our relationships in a negative way. That’s exactly what all those ads are reminding us of, whether or not we want to hear it.

However, before you fall for the first marketing campaign that hits you, …

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What to Look for When Buying a Company Vehicle

Depending on your line of business, you might be looking to purchase or replace your company vehicle. This can be an incredible expense and should be treated as an investment, therefore researched and deliberated properly. Buying a company vehicle is different than buying your own personal “whip” and most will end up using an entirely different list of criteria.

This happens for a few reasons. First of all, the needs of your business can vary greatly from what you do in your personal life. For example, if you are a plumber, your best bet might be a company van or …

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Investing in Your Own Health

Everyone has assembled their own health care team over the years. It usually takes quite some time to find health professionals we are happy with in terms of compatibility, quality of service, as well as value. Though this process seems perfectly normal and reasonable to some, others might be puzzled as to why take the time to research and meet potential doctors, dentists, massage therapists and more. In the grand sense of things, you don’t even really see the that often, do you? We can see that the logic seems at little flawed at first, but let’s delve into this …

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7 Unexpected Costs People Run into After They Retire

Many of us think of our retirement as an extended vacation: a time to travel, relax, and spend time with the ones we love. However, it takes a lot of time and foresight to plan a retirement like that. Budgeting expenses during our working years and putting money away in an account is just the minimum which most of us have to do to “get by” after retirement. If you really want to enjoy yourself and “live it up”, it’s essential that you plan not only for the good times, like for a river cruise down the Seine, but also …

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Is Dry Cleaning a Waste of Money?

It seems like in every movie those underpaid assistants are constantly running around with their boss’s dry cleaning. Why do we never see them dropping off their own clothes at the dry cleaners? Our first thought is that this is an expensive service and only the wealthy type with personal assistants can afford it. However, we’ve decided to further examine this phenomenon to get a better understanding of how there are still so many dry-cleaning places open everywhere.

When to Dry Clean

There’s no reason for you to take your basic t-shirts and socks to the dry cleaners. If you …

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5 Ways to Save While on a Strict Budget

Whether you are living off of wages that you feel could be higher, or do not have much leftover due to being on a strict budget, there are always ways to reduce spending so that you can gain a few extra bucks at the end of the month.  Once you have accounted for every dollar that comes in and goes out, you may have to think outside the box when it comes to saving extra money if you feel that you have reached your limit in getting rid of unnecessary expenses.

Pay Off Debt First

It may seem like common …

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Cosigners or Collateral? Weigh Both Properly When Seeking A Loan

Borrowing money is something everyone has to do at some point. Not everyone, however, presents the same level of credit-based worthiness and risk to a lender. While lenders are in the business of issuing money at interest, the lenders do need to take extra precautions when someone has weak credit. Borrowers are not entirely concerned with the business matters of lenders. They would just like to collect the funds they ask for. Things are not always so simple. Sometimes, extra steps are required to garner an approval.

Two very common approaches are employed by those who may not otherwise be …

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