Frugal folks know how to stretch a dollar. Sometimes that means hunting for a great deal, but it also means knowing what items are a total waste and should be avoided completely.
If you're looking to keep more cash in your wallet, here are a few purchases you can safely skip.
If you’re over 50, take advantage of massive discounts and financial resources
Over 50? Join AARP today — because if you’re not a member you could be missing out on huge perks. When you start your membership today, you can get discounts on things like travel, meal deliveries, eyeglasses, prescriptions that aren’t covered by insurance and more.
How to become a member today:
- Go here, select your free gift, and click “Join Today”
- Create your account (important!) by answering a few simple questions
- Start enjoying your discounts and perks!
Important: Start your membership by creating an account here and filling in all of the information (Do not skip this step!) Doing so will allow you to take up 25% off your AARP membership, making it just $15 the first year with auto-renewal.
Paper towels
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Before paper towels were a thing, your grandma used rags. They still work just as well as paper towels, and you only have to buy them once since you can wash them over and over again.
Unless you're cleaning up motor oil or bodily fluids, a rag will work even better than paper towels and cost you less.
Books
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Local libraries are still in the business of letting you read books for free. Don't see a title you want? Ask your librarian if they can order it for you; patron requests are how many librarians choose what to add to their shelves.
You can also check out the little free libraries in your neighborhood if you're in the market for a good read.
Bottled water
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Save your money and the planet by investing in a single, durable water bottle rather than buying disposable water bottles. The world doesn't need any more plastic, and much of the bottled water is from the same municipal water supply as your tap water.
Resolve $10,000 or more of your debt
Credit card debt is suffocating. It constantly weighs on your mind and controls every choice you make. You can end up emotionally and even physically drained from it. And even though you make regular payments, it feels like you can never make any progress because of the interest.
National Debt Relief could help you resolve your credit card debt with an affordable plan that works for you. Just tell them your situation, then find out your debt relief options.1 <p>Clients who are able to stay with the program and get all their debt settled realize approximate savings of 46% before fees, or 25% including our fees, over 12 to 48 months. All claims are based on enrolled debts. Not all debts are eligible for enrollment. Not all clients complete our program for various reasons, including their ability to save sufficient funds. Estimates based on prior results, which will vary based on specific circumstances. We do not guarantee that your debts will be lowered by a specific amount or percentage or that you will be debt-free within a specific period of time. We do not assume consumer debt, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Not available in all states. Please contact a tax professional to discuss tax consequences of settlement. Please consult with a bankruptcy attorney for more information on bankruptcy. Depending on your state, we may be available to recommend a local tax professional and/or bankruptcy attorney. Read and understand all program materials prior to enrollment, including potential adverse impact on credit rating.</p>
How to get National Debt Relief to help you resolve your debt: Sign up for a free debt assessment here. (Do not skip this step!) By signing up for a free assessment, National Debt Relief can assist you in settling your debt, but only if you schedule the assessment.
Technology upgrades
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So what if Apple comes out with a new iPhone? Frugal folks know that the model they have works just fine.
Even when a laptop or tablet breaks, you can save big by going with last year's model or a refurbished one. Most of the specs and functionality aren't noticeably different.
New cars
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New cars lose up to 20% of their value in the first year. If you finance a new vehicle, it means you'll be underwater on your loan the instant you drive it off the lot.
Rather than suffer the depreciation, you can capitalize on it by purchasing a reliable car that is a few years old.
Trending Stories
Cable
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It's wild but true — 40% of Americans still had cable TV as of January 2023. With cheaper streaming and pay-per-view services available, a cable subscription should be first on the chopping block.
If you're looking for a sign to cut the cable cord, this is it. (There's still nothing good on.)
Sodas at restaurants
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The markup on sodas is staggering, especially at restaurants. The same fountain drink that you can buy for $1.60 at the gas station costs $2.89 or more at a sit-down restaurant.
Sometimes we don't think twice about paying this price as it's only a few dollars, but the restaurant soda is over 80% more expensive!
Extended warranties
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Warranty companies make money on the most likely scenario — that you purchase a warranty and never use it.
Even if your item breaks, what are the odds that you'll remember that you bought a warranty and can find the information to get compensated for the faulty product? Keep a decent emergency fund instead and skip the extended warranty.
Fast fashion
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New fashion fads come and go every year, and so does the cash from your wallet when you chase after them. Sticking to classic pieces that stand the test of trends and time will help you look great and save money.
Earn cash back on everyday purchases with this rare account
Want to earn cash back on your everyday purchases without using a credit card? With the Discover®️ Cashback Debit Checking account (member FDIC), you can earn 1% cash back on up to $3,000 in debit card purchases each month!2 <p>See website for details.</p>
With no credit check to apply and no monthly fees to worry about, you can earn nearly passive income on purchases you’re making anyway — up to an extra $360 a year!
This rare checking account has other great perks too, like access to your paycheck up to 2 days early with Early Pay, no minimum deposit or monthly balance requirements, over 60K fee-free ATMs, and the ability to add cash to your account at Walmart stores nationwide.
Don’t leave money on the table — it only takes minutes to apply and it won’t impact your credit score.
Pre-packaged snacks
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Small bags of crackers, chips, and treats can help with portion control, but it's the most expensive way to buy these foods. If you love a small snack, buy a large box of your favorite treat and divide it between your own baggies or better yet — reusable containers.
Unused subscriptions
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We've all been guilty of forgetting to cancel a free trial or keeping a subscription we only use occasionally, so no judgment. But subscriptions leach money out of your budget that you can use on more meaningful things.
Do a subscription audit a few times a year and ditch the ones you don't use.
Lottery tickets
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Odds are very good that this will be a complete waste of time and money — much better than the off-chance you could win the jackpot.
Single-use kitchen gadgets
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This is as much of a space saver as it is a money saver. Focus your dollars on appliances that perform multiple functions — for example, an instant pot that can also saute and work as a slow cooker.
You don't need to buy or store a dedicated hard-boiled egg slicer when a kitchen knife will do.
Fancy coffee
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Everyone loves to hate on lattes, but for good reason. Like soda, the markup on coffee is massive. If you love fancy coffee, buy the syrups and creamers that make your morning brew feel special at home.
Brand-name clothing
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Sometimes, a brand name can indicate quality, but not always. Opting for generic or store-brand clothing often offers comparable quality at a fraction of the cost.
Pre-cut fruit and veggies
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If you're not doing it yourself, someone has to cut the produce, and that person doesn't do the job for free. The cost of labor is packaged into that fruit or veggie tray, so consider saving money shopping and chopping the apples yourself.
Bottom line
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Being frugal doesn't mean minimizing every expense. Rather, it's about buying quality over quantity and spending your money mindfully to build your wealth.
It's possible to buy the things you love and stretch your dollars simultaneously, as long as you don't waste your money on inconsequential items.
Lucrative, Flat-Rate Cash Rewards
Wells Fargo Active Cash® Card
Current Offer
$200 cash rewards bonus after spending $500 in purchases in the first 3 months
Annual Fee
$0
Rewards Rate
Earn unlimited 2% cash rewards on purchases
Benefits
- Low spend threshold for its welcome offer — $200 cash rewards bonus after spending $500 in purchases in the first 3 months
- Cell phone protection benefit (subject to a $25 deductible)
- Can redeem rewards at an ATM for literal cash
Drawbacks
- Foreign transaction fee of 3%
- No bonus categories
- Apply Now to take advantage of this offer and learn more about product features, terms and conditions.
- Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
- Earn unlimited 2% cash rewards on purchases.
- 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers. 19.24%, 24.24%, or 29.24% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
- $0 annual fee.
- No categories to track or remember and cash rewards don’t expire as long as your account remains open.
- Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
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