Dave Ramsey lists 10 things Americans waste money on as follows:
1. Credit card interest
2. Deal websites
4. ATM fees
5. Overdraft fees
6. Speedy shipping
7. Designer baby clothes
8. Unused gym memberships
9. Premium cable packages
10. Daily coffee trips
Personally, I think some of these are wastes (like #1) and others are just personal preferences (like #3). I'm much more "spend your money however you like as long as you still save a bundle" today than I was a few years ago. Everybody has things they like and things they don't. So as long as they practice moderate and selective frugality, it all works out for the best IMO.
That said, here's how I rank on these:
- Credit card interest -- Never pay it. In fact, I pay no interest at all these days and haven't for well over a decade.
- Deal websites -- I don't use deal websites, but I do search for coupons before making online purchases.
- Appetizers -- I skip these unless it's a special occasion or I have them alone as a meal.
- ATM fees -- Nope, don't have any.
- Overdraft fees -- Nope, don't have any.
- Speedy shipping -- My job pays for Amazon Prime and that's fast enough for me.
- Designer baby clothes -- Nope.
- Unused gym memberships -- I belong to a gym/pool and go 3 to 5 times a week.
- Premium cable packages -- We do have cable and lots of channels we don't watch. But it was more expensive (believe it or not) to have fewer channels.
- Daily coffee trips -- I drink some coffee, but not much. We do have a Keurig machine but I use it usually only now and then in the winter.
How about you? What do you think of this list? Do you use/incur any of the ten above?