09
Thu, Oct

12 Things To Stop Buying This Year

12 Things To Stop Buying This Year

Financial News
12 Things To Stop Buying This Year

Subscription Services

From streaming services to meal kits to online newspaper subscriptions, it’s a real jungle out there. In fact, Americans spend an average of $133 per month more than they even realize on unused memberships, according to CNBC, citing survey data from C+R Research.

Use a tool like Rocket Money or PocketGuard to see what you currently subscribe to and where you can make cuts. However, be aware that some apps may charge fees for subscription cancellation.

Gas (Without an App)

Gas is one of those things that you really don’t have a choice about — if you commute to work or don’t live in a walkable area, you’re going to have to gas up at some point. According to the U.S. Energy Information Administration, the average national price of gas was $3.14 as of December 24 — but you shouldn’t settle for paying full price.

Apps like GasBuddy and Upside will help you find the best deals in your area and even offer cash-back rewards, further reducing your price per gallon. With gas prices constantly shifting, shaving off cents where can will get you much further down the road financially.

Plus, the amount you save monthly can go into a high-yield savings account where that difference can earn you an annual percentage in interest.

Cleaning Supplies

Store-bought surface, bathroom and glass cleaners are loaded with harmful chemicals that may be toxic to breathe in over a long period. Health and financial experts would agree that these aren’t worth spending money on in 2025.

There’s another option to get the same fresh feeling around your house without putting yourself in harm’s way — and can save you money in the process. Go DIY with your own mixture of vinegar or baking soda with water and some essential oils for a bright finishing scent.

New Clothes

The resale market is having a huge moment right now. According to a report by secondhand clothing platform ThredUp, the global secondhand market is expected to nearly double by 2027, reaching $350 billion.

Given the popularity, sites like ThredUp, Poshmark, eBay and even Facebook Marketplace are great spots to get deals on gently used clothing — some still with tags — rather than pay the markup for brand-new apparel.

ATM Fees

When you need some quick cash, resist stopping at the first ATM you see, because you could pay for the convenience. When the average atm fee is nearly $5 for using a machine outside of your bank’s ATM network in the United States, it’s time to stop needlessly swiping your card.

Check your bank’s app for the location of local branches, or even better, switch to a bank that refunds your ATM fees. Or stop into a local drug or grocery store that offers cash back with a purchase, buy that shampoo you need and get an extra $20 back at the register.

Delivery

These days you can pretty much get anything delivered to your doorstep, usually without even having to look up from your phone. It comes at a cost, though. Fees, higher prices, and tips for the driver add up to a serious premium. Sometimes the convenience is genuinely worth it, but it’s all too easy to let it become a habit.

Opting to pick up that food order or making do until your next grocery run can add up to serious savings over time.

Cable TV

With the availability to watch live TV through services like YouTube TV and Sling TV, there really isn’t a need to hang on to your costlier cable plan anymore.

According to CNET, the average cost of a basic cable and internet package costs, on average, $144. The average cost of internet alone is $70, meaning that adding television to your plan also adds about $74 to your bill.

Meanwhile, a subscription to Sling TV (both blue and orange) is priced at $60.99 a month. By switching to Sling TV, you can save over $10 per month compared to traditional cable packages.

Morning Coffee Runs

It’s become a cliche, but it’s true — those coffee shop lattes five days a week can drain your financial cup. Consider making coffee at home and bringing it with you in a reusable cup. You’ll save over $1,000 a year.

Even grabbing coffee two to three times a week instead of every day can lead to big savings.

Impulse Purchases

Impulse buys used to be limited to the cheap candy and knick-knacks right before the checkout stand, but the ubiquity of online shopping means that you can buy a new TV about as easily as you can grab a bag of Skittles. Never let yourself get swept up in the excitement of a sale. Instead, use the 24-hour rule.

That means before any unplanned major purchase, wait 24 hours and see if you still think you want or need that item. More often than not, the urge will pass, and you’ll keep that money in your wallet.

Caitlyn Moorhead, James Holbach, Selena Fragassi and Jami Farkas contributed to the reporting for this article.

More From GOBankingRates

This article originally appeared on GOBankingRates.com: 12 Things To Stop Buying This Year

Content Original Link:

Original Source At Yahoo Finance

" target="_blank">

Original Source At Yahoo Finance

SILVER ADVERTISERS

BRONZE ADVERTISERS

Infomarine banners

Advertise in Maritime Directory

Publishers

Publishers