Dave Ramsey lists the top 10 things Americans wasted money on in 2016 as follows:
1. Student loans.
2. Smartphone apps.
3. Gym memberships.
4. Daily coffee trips.
5. Car payments.
6. Car leases.
7. Car wash upgrades.
8. Lottery tickets.
10. Shipping charges.
Here's where I net out on these:
1. I borrowed $5k from my grandmother which got me all the way through to my MBA. I paid it off a couple years after I graduated. My kids won't have debt at all given the college incentive we've set up.
2. I buy maybe two or three apps a year. Aren't many of the good ones free?
3. I do spend a good amount on a gym membership, but I USE it. I hit the gym five or six times per week and it's made a dramatic improvement in my quality of life.
4. Yes, I've battled the coffee demons and have (finally) won. I now make my own lattes for around 30 cents each.
6. No. We do NOT lease cars.
7. Ha! I hardly ever wash my car. :)
8. Nope, we don't buy lottery tickets.
9. Yikes! I'm surprised timeshares aren't higher up on the list. They are HUGE money sucks!
10. I don't pay to have things over-nighted to me. If I need it that quickly I can run to a local store. I do have Amazon Prime ($100 a year), so I pay my shipping upfront, but the time savings is well worth it to me.
So that's my list. How do you stack up against these?