💪Unused gym memberships are a waste of money if you don't use them regularly.
💰High expense ratios can eat into your investment returns.
👕Fast fashion clothes may wear out quickly and contribute to environmental waste.
📆Late fees for bill payments can be avoided by setting up automatic payments.
💳Avoid bank account fees by maintaining a minimum balance or looking for fee-waiving requirements.
Are lottery tickets a waste of money?
—The odds of winning the lottery are extremely low, and most lottery winners end up bankrupt within a few years.
Is it worth buying extended warranties?
—Extended warranties are often not worth the cost, as you can usually find replacements for less.
Why should I avoid buying coffee and lunch out every day?
—Buying coffee and lunch out every day can add up to thousands of dollars a year. Packing your own lunch and making coffee at home can save you money.
How can I avoid ATM fees?
—Use your bank's ATMs or ensure that the ATMs you use are in-network to avoid unnecessary fees.
What are foreign transaction fees?
—Foreign transaction fees are charges on your credit card bill when you make purchases in foreign currencies or through foreign banks. Use credit cards with no foreign transaction fees to avoid this.
00:00Unused gym memberships, high expense ratios, fast fashion, late fees, bank account fees, lottery tickets, extended warranties, buying coffee and lunch out every day, buying too much food, bottled water, physical magazines and newspapers, cable TV, expedited shipping, ATM fees, and foreign transaction fees are all things you should avoid wasting money on.
02:05Unused gym memberships can be canceled if you don't use them regularly.
04:55High expense ratios can reduce your investment returns, so opt for low-cost index funds instead.
06:59Fast fashion clothes may wear out quickly and contribute to environmental waste, so consider investing in quality clothes.
08:48Late fees for bill payments can be avoided by setting up automatic payments or being more organized.
10:56Avoid bank account fees by maintaining minimum balances or switching to banks with no fees.
11:36Lottery tickets have extremely low odds of winning, and many winners end up bankrupt.
13:40Extended warranties are often not worth the cost and can be replaced for less.
15:36Buying coffee and lunch out every day can add up to thousands of dollars a year, so pack your own lunch and make coffee at home.
17:26Avoid ATM fees by using your bank's ATMs or in-network ATMs.
18:52Foreign transaction fees can be avoided by using credit cards with no foreign transaction fees.
