Money money money. It’s on everyone’s mind and no matter how much you earn, why waste it? You may not think you’re wasting money but if you’re disorganized, you are definitely throwing away cash. Here are five ways you’re losing money and what to do about them.
The Problem: Replacing Broken Items. When items are thrown into drawers, boxes, bins and into closets, they often get broken, which leads you to spend money to re-purchase them.
The Solution: If you respect your money, treat the things you buy with care and respect. Teach children how to care for their things and explain to them where money comes from and how much it costs to replace items they’ve mistreated.
The Problem: Replacing Lost Items. Things you lose or misplace need to be re-bought. This is a painful waste of money because you know you own it. You just can’t put your hands on it.
The Solution: Create specific homes for the items in your life and remember to put items away when you’re finished with them.
The Problem: Late Fees. Nobody enjoys paying bills, but putting it off can be expensive due to late fees.
The Solution: Automate your bill paying online with a service such as Manilla where you can log into all our household accounts with one single user name and password.
The Problem: Impulse Buying. Everyone knows grocery shopping when you’re hungry is bad news, and so is shopping without a list or when you’re sad, angry or otherwise emotionally compromised.
The Solution: Always grocery shop with a list and pay attention to the way you feel when you’re at any other kind of store. Are you buying to console yourself or simply because you want something new? If so, recognize those motivations and substitute another activity. In the case of big ticket items, to avoid the remorse that occurs from impulse buying, always research and comparison shop to bring objectivity to the situation.
The Problem: Dining Out. Everyone enjoys dining out now and again. It’s a lovely treat. But if you and your family dine out, order take-out or live on packaged convenience foods several times a week, you’re wasting money.
The Solution: Mealtime Management. Get in the habit of shopping weekly for fresh meat and produce so it’s always on hand. Take a few minutes the night before to plan the next evening meal. You can put a meal on the table in 30 to 45 minutes when the ingredients you need are on hand, thawed and ready to go.
The Problem: Unrealized Money. Gift cards you receive are just like cash, but not if your disorganization prevents you from knowing where they are. To compound the problem, some gift cards reduce their value automatically each month they go unused.
The Solution: Because gift cards are like cash, it’s helpful to keep them in your wallet or purse where you keep your cash and credit cards. That way you’ll be reminded to use them every time you make a purchase.

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