How much money do you waste in the average year? If you’re like most Americans, you might not have the slightest idea. But with that in mind, here are seven common ways people waste money, and some suggestions on how you could potentially cut back on your unnecessary spending.
Groceries are an essential expense — eating in restaurants is not. The average American household spends about $3,500 per year dining out, which equals roughly half of their food budget.
To be fair, there is absolutely nothing wrong with treating yourself to a meal at a restaurant or to takeout from time-to-time. But it’s important to be conscious of how the cost can add up over the long run. You can absolutely budget some of your income for dining out, but make sure it’s a reasonable amount.
Credit card interest rates have risen significantly over the past