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6 Costly Habits That Are Destroying Your Savings

Business  (tags: finances, habits, savings, strategist, consumers, debt, economy, finance, humans, money )

- 1384 days ago -
You might be a master strategist when it comes to mapping out your savings - but Julius Caesar was master strategist at one time, too. And look how it ended for him.

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David F (14)
Friday July 4, 2014, 3:38 am
> Habits That Are Destroying Your Savings
- No, i, for one, ain't dat stupid. Speak for yourself !

Animae C (514)
Friday July 4, 2014, 4:12 am
No such thing as generosity overload, we can never Give enough!

Past Member (0)
Friday July 4, 2014, 4:22 am
I gotta agree spending $$$$ on coffee shops is crazy...people just need to learn how to live within their means--sadly the majority haven't a clue! Thx Lone

Jordan G (37)
Friday July 4, 2014, 7:16 am
Food for generating ideas about waste.

Past Member (0)
Saturday July 5, 2014, 5:15 am
It's not just our saving suffer; our environment as well

Howard Crosse (21)
Saturday July 5, 2014, 9:23 am
When I took early retirement a couple of years ago I had to re-evaluate my life, particularly what I was spending my money on. I have never wasted money, it is hard to earn and easy to spend, but now I think twice before buying things.

Ben O (172)
Saturday July 5, 2014, 11:32 am
My savings...??? -You wish!

Nikolina J (0)
Saturday July 5, 2014, 12:26 pm
what savings?

Roger G (154)
Saturday July 5, 2014, 2:35 pm
noted, thanks

Paul Carter Block (28)
Saturday July 5, 2014, 3:05 pm
The world described in the article - one of baby showers and overpriced coffee - is, mercifully, not the one in which I live.
My savings should be safe, in that case.
Not a bit of it; my savings are spent on something called necessities. And that is a fact I cannot change.

Rosa Caldwell (384)
Saturday July 5, 2014, 3:38 pm
Thanks for the info.

Dan(iel) M (25)
Saturday July 5, 2014, 5:22 pm

Winn A (179)
Saturday July 5, 2014, 5:47 pm
Think in terms of how many hours you'd have to work to purchase an item. I refuse to go into debt to make others happy with an expensive "present" or buy over priced popcorn at a movie. Think before you spend and always pay yourself by putting money in a savings account before spending on something that isn't an absolute necessity.

Debra G (0)
Saturday July 5, 2014, 6:30 pm
Americans' personal savings rate in 2012 was 4.7%. It's 4.8% now. Pathetic. You will need that cushion against disaster someday. And if you have the chance to get a company match for your savings, MAX it out! It is literally money in the bank.

While retail therapy and impulse buys are financially dangerous habits, sometimes you gotta let loose, for mental health. (My long gone grandma would buy a nice dress, admire it on the hanger, and return it the next day.) Not having a daily Starbucks coffee could save ~$700/year, but if you ordered an 8 oz small (not tall 12 oz) which is usually not listed on the menu, you get the same amount of caffeine for $185/yr less.

Mary Donnelly (47)
Saturday July 5, 2014, 6:41 pm
Great post.

Past Member (0)
Sunday July 6, 2014, 4:15 am
Noted, thank you!

Maria Teresa Schollhorn (42)
Sunday July 6, 2014, 4:18 am
Noted. Thank you Lone!

Melania Padilla (122)
Friday June 12, 2015, 10:39 am
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