16 Habits to Stop Wasting Money and Start Building Wealth

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We all want to make the best use of our hard-earned money. But sometimes, it can be easy to fall into the trap of buying everyday items that seem like a good idea at the time, but really end up being a waste. This can be anything from fancy gadgets that only get used once to expensive memberships that we forget about.

That’s why we’ve put together this list of 16 surprising money wasters. We’ve all been there – buying that trendy gadget that ends up in the back of the drawer, or signing up for a subscription service with good intentions, only to forget about it entirely.

By sharing these tips, we hope to empower you to make smarter choices with your hard-earned cash.

Eating Fast Food

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Fast food might be tempting for its speed and convenience, but it offers temporary satisfaction with its low nutritional value.

A burger and fries might seem cheaper than a home-cooked dinner, but they often lack essential nutrients, leaving you feeling hungry again sooner and potentially leading to unhealthy eating habits.

Food Delivery

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Food delivery’s hidden fees and inflated menu prices can easily double your meal’s cost. Between service charges, delivery fees, and tips, convenience comes at a hefty price tag.

Buying A New Phone Every Year

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Trading that old phone yearly might seem flashy, but it’s like throwing cash in a tech black hole. You’re paying premium prices for minor upgrades, often just camera tweaks or faster chips most won’t even notice.

Bottled Water

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Bottled water may seem convenient, but it’s a rip-off. On average, an American family spends $1,350 on bottled water every year.You’re paying way more for water than you need, especially compared to your tap at home. Plus, all those plastic bottles add up, hurting both your wallet and the planet.

Fake Sales

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As the term suggests, fake sales involve deceptive marketing practices, where retailers inflate original prices or manipulate discounts to create a false impression of a bargain. Most people think they are getting a huge discount on the product, but it’s just a marketing tactic benefitting retailers.

Pickup Trucks

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What was initially designed to haul cargo has become common in people who have nothing to haul anything bigger than grocery bags. Purchasing pickup trucks for everyday use is a wasteful expenditure due to their higher initial costs, increased fuel consumption, and often needing more utilized hauling capabilities.

Satellite TV

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It is questionable why people are still buying those huge packages of 100+ channels and watching only a few of them when there are so many online streaming platforms that don’t require legal action for cancellation. They are much more convenient and easy to subscribe and unsubscribe.


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Diamonds might seem fancy, but they cost a lot for what they are – just pretty stones. Plus, they don’t grow in value like gold, so it’s not even an investment.

Fancy Lattes

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The store bought lattes can drain your wallet. It’s way pricier than brewing at home, and those added fees and fancy milk can easily double the cost.


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A pack a day can cost you hundreds of dollars a month, and that’s just the beginning. Smoking can lead to health problems, which can mean expensive doctor visits and medications.


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Wedding is a  joyous occasion, but it can ring up a hefty bill. On an average, Americans spend $30,000 on the wedding according to the survey done by The Knot. This goes considerably higher due to fancy venues, costly vendors and countless extra to give in the pressure to host a insta-worthy wedding.

Branded Clothes

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Purchasing branded clothes is often considered an extreme expense, as similar quality alternatives can be found at a fraction of the price, making the premium cost of labels seem like an unnecessary showing-off.

Tanning Salons

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Tanning salons are an absolute waste of money, offering temporary aesthetics at the cost of long-term health risks. The expense is not only for an exclusive tan but also for potential skin damage and increased skin cancer risks.

Eyelash Extensions

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Eyelash extensions are expensive and  need frequent maintenance,  only offering temporary aesthetic benefits.. An extension set can cost upto $200 and usually falls out when showered, exercised, or even after washing the face.

Giant Wheels On Vehicles

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Giant wheels on vehicles often serve more of an aesthetic purpose than functional, making them a costly and impractical investment In many cases, opting for smaller, more fuel-efficient wheels may be a more financially sensible choice.

Lottery Ticket

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In 2022, Americans spent $108 billion on lottery tickets. Occasionally spending a couple of dollars buying lottery tickets would not harm but most of the people who play regularly, buy a ticket everyday.

One should understand that the odds of winning a lottery is much less than losing one. So, instead investing that money somewhere else will make sure it grows.