Unnecessary things we spend money on that eats into finances

There are things we buy or subscribe to that look cheap but when accumulated results into a lot of cash. They are little money wasters.

Stop wasting money on unnecessary things  (Bankingsense)

There are some things that are overlooked when it comes to finances.

These are the things which either we buy or subscribe to that look cheap but when accumulated results into a lot of cash. But we really don't know they eat deep into our finances. 

They are little money wasters

1. Cable TV subscription

Most people are guilty of this. They pay for cable tv subscription that they really never get to watch, only when they get home at night after work, which by then they so tired to stare at the screen and doze off. 

Cable tv subscription is a money waster  (Bhizimusi)

So why subscribe to something you barely get to watch every month.

2. Mobile data subscription

With the birth of the internet, we all need to online to get things done. But do you know if your monthly subscription is taking a heavy toll on your finance?

People spend unnecessarily on mobile data  (Businesstech.co.za)

Check how much of mobile data you consume each month. If you consume less mobile data and you spend more, then it is one unnecessary thing eating into your finance.

Get rid of such data subscription plans and find out which mobile data subscription that suits you and stick to it. You should also look for a telecommunications company that gives the best rate which is affordable and also has a good network. If you are using fewer minutes than your monthly plan allows, switch to a lower-rate plan. If you are using more minutes than your monthly allotment, then upgrade to a higher minute plan.

3. Soft drinks and sodas

Soft drinks and sodas one are always affordable and can be gotten anywhere, even on the road in traffic. But as affordable and cheap it is a money waster which sneaks and digs deep into our finances.

Soda is a money waster  (Dreams.metroeve)

It is rare to see people who go to a restaurant, and not ordering a soft drink.

Some people even have a bottle of soft drink for every meal they have. Apart from the health hazards, it eats into your finances but you have no idea.

4. Newspapers and magazines

It is good to get information and knowledge about the latest trends and happenings in the world.

Newspapers and magazines have a way of dipping into finances  (Mediatel.co.uk)

But buying the daily newspaper and weekly, quarterly magazines has a way of dipping into our finance. An average newspaper in Nigeria costs 200 naira, which if calculated yearly would amount up to 72,000 naira.

For something you just read to get information and drop somewhere, that's a whole lot if you ask me.

Thanks to the internet, you can get all the news and information you want online.

5. Bank charges

There are so many hidden bank rate charges we don't really take note of. Lots of people give their bank free money unknowingly in form of fees.

Beware of bank hidden charges  (sumacmicrofinancebank.co.ke)

There are bank charges for using another bank's ATM machine. Banks charge 65 naira after 4 withdrawals from their ATM machines. The fee looks small but it affects your finance negatively.

There are so many other money wasters. Find out the bad spending habits that make you waste money and try working on them.