Have you ever taken a wad of cash and simply flushed it down the toilet? I doubt it! Yet that's basically what we do whenever we spend our money without thinking about it, never stopping to calculate the underlying costs of our habits. Read on to see which of these common mistakes you're making, and how to plug the leak so your hard-earned cash doesn't keep swirling down the drain.
Falling for a "Sale"
Talk about markdown madness: What else would you call spending money in order to save money? Yet even the thriftiest shopper can be swayed by strategically placed signs, carefully worded sales pitches and cleverly designed displays. The cost of bagging an impromptu bargain? An average of $108, according to a 2009 ShopSmart magazine poll that asked women how much they spent on their most recent impulse purchase.
The Fix: Don't swing at every sales pitch that comes your way. In particular, watch out for these:
"Buy in bulk and save": Bigger is notRead More »from 5 Ways to Kick Your Spending Habit