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9 Things You’re Paying Too Much For Around Your House

9 Things You’re Paying Too Much For Around Your House

We all have plenty of bills to worry about, on top of needing to keep our living space clean and take care of our own personal health and hygiene. Some things are just essentials. Looking at a receipt after a big household shop can be somewhat scary, and we are often at a loss when it comes to figuring out where all that money actually goes.

Tightening up the budget sounds like a good idea, right? But which corners can you afford to cut without sacrificing comfort and basic needs? Well, if you want to manage your funds more effectively, then you should definitely stop paying too much for these nine common items.

1. Overpriced medication

assorted medicine with money with spoon

    I can already hear some of you saying, “Oh, come on, everyone needs medicine. You can’t cut any corners there.” However, there are ways of getting all the medication you need without breaking the bank.

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    The first thing you need to do is avoid heavily marketed drugs with fancy names and shiny packaging – they usually have the same basic ingredients as generic options and what you are really paying all that extra money for is the package design and marketing. You don’t need Super Headache Remover 3000 when just any old tablet of aspirin will do the trick.

    It is also good to buy larger doses of some medication and then cut the pills in half – you may be able to get a better price for the same weight. Important note: not all drugs are safe to split, so ask your pharmacist if such a solution is possible for the medication you need. If not, try and find a cheaper alternative or look elsewhere for a better price.

    2. Toiletries

    There is no noticeable difference when it comes to the effects a cheap tube of toothpaste has on your oral health as opposed to heavily marketed, popular, brand name toothpaste. The same goes for shampoos and creams. You’ll need to pick out shampoo based on your hair type and choose a fragrance that you like, but other than that there is no real benefit to shelling out for the very expensive ones.

    Moisturizing creams do a very particular job and the active ingredients that have been proven to work have been used for decades now. Don’t fall for marketing hype surrounding revolutionary technologies – a hand cream is a hand cream. Of course, if you go for the very bottom of the barrel you risk getting a product that went through virtually no quality control, but any reasonably priced product will be more than enough to get the job done. Apart from choosing a face cream based on your skin type there isn’t much more to say about it.

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    3. Liquid personal hygiene products

    While I’d be the first to say that liquid soap and hand sanitizer are excellent products, you can end up spending more money than you need to on packaging. A simple solution is to switch to bar soap or just keep refilling your bottle when it becomes empty. You can get liquid soap much cheaper if you buy larger quantities, so you can pitch in with several family members and friends and then split the stash up into equal parts.

    Body wash bottles are often thrown out with a small amount of the liquid still stuck on the inside walls. Cutting the bottle in half with scissors allows you to scoop every last bit up, and there are plenty of great soaps that moisturize and have a beautiful fragrance and are a cheaper option.

    4. Cleaning chemicals

    Chemical cleaning agents

      Just as with other product types on this list, the basic ingredients that make a detergent, window cleaner or drain cleaner work are the same, and fairly inexpensive to boot. You can pick out the cheapest product on the shelf and get the same results as incredibly expensive alternatives. But an even better way to save money is to avoid using store-bought chemical cleaners whenever possible. You’ll need things like laundry detergent and fabric softener, sure, but simple ingredients found in every household are proven cleaners and can be used for over 90% of problems. White vinegar, baking soda, salt, lemon juice, bleach, carbonated water and heated tap water are enough to clean everything from spilled wine to clogged drains.

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      5. Cable TV

      In this day and age you can get all the entertainment you need off the internet. You may need a few channels to get your news and sports fix, but you can simply watch your favorite movies and TV shows online, and go through a whole season in one sitting if you so desire. You can also get DVD box sets of various shows and find all sorts of pop culture news on YouTube. If you’ve got a PC, you can download games from Valve for incredibly low prices, particularly if you catch them on sale. There are so many options available that you don’t really need to waste money on premium cable packages.

      6. Bottled water

      Americans tend to spend a whole lot of money on bottled water, and it’s not unusual to see fridge compartments filled with water bottles. This is, for the most part, an unnecessary expense. In most parts, your regular old tap water is perfectly safe to drink, and even if you have your doubts you can get a water filter or water softener. You don’t need to be a handy man either. As long as you pick a good professional who’s not out to rob you blind, your local plumber can install these devices for you at a very reasonable rate. It’s a one-time investment that will end up saving you a lot of money in the long run.

      7. Heavily processed food

      Processed food

        My mind boggles when I hear people talking about how they can’t afford to go on a weight-loss diet or eat relatively healthy food, as if you needed to sprinkle everything with gold to stay healthy. The truth is, most fruit and vegetables are fairly cheap. No, you don’t have to spend a ton for organic food, any old fruit or vegetable will do. And if you aren’t too lazy to spend half an hour in the kitchen, you can buy all kinds of food in bulk and keep it in the freezer. With a few relatively cheap ingredients and some spices you can make a true gourmet meal while staying within your budget.

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        8. Room deodorizers of all sorts

        Everything from incense sticks, scented candles, scented oils and spray deodorizers are used in a vast majority of households to create a fresh aroma and mask different kinds of nasty odors. While lighting up a couple of scented candles every now and then can be a great way to rekindle your romance, if you want to get rid of odors you can simply pour baking soda – an excellent deodorizer – on the desired area and let some fresh air in. You can lightly sprinkle baking soda over a rug before vacuuming to keep the room fresh. Things like orange peels can be placed in bowls to cheaply give a very fresh scent to your home.

        9. Seemingly high-tech, but ultimately useless electronics

        Now, don’t get me wrong here, if you are an avid gamer and want to invest a few hundred dollars in a next-gen console and a couple of hundred more on some new games, then there is nothing wrong with that. You get very good value for your money and you are actually going to use it all on a daily basis. What you don’t need is a super high-end blender with an LCD display, the ability to be remotely accessed via smartphone and modern tooled-steel blades that spin so fast they create a whirlwind. A $40 blender will do a splendid job of collecting dust in a forgotten corner of the kitchen and making the occasional smoothie! There is no need to pay hundreds of dollars for a virtually useless feature on an appliance that you barely use anyway.

        As you can see, you can save quite a bit of money if you just reevaluate some of your basic needs around the home. These are things that you really shouldn’t be wasting money on by paying too much for them. You are not going to be giving up on luxuries and sacrificing comfort to cut costs, you are going to become a smart consumer who makes careful assessments and informed decisions.

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        Ivan Dimitrijevic

        SEO Consultant

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        Published on July 4, 2018

        Top 10 Recommendations on Money Management Apps

        Top 10 Recommendations on Money Management Apps

        Don’t want to overspend your budget, swipe your credit card too many times, and feel like a financial mess? Instead of beating yourself up for the bad financial decisions you’ve ever made, create a new plan!

        The solution is simple, save more and spend less. But, we all know it’s easier said than done.

        One problem is finding quality apps that save you time and money, and aren’t just hype.

        Luckily, there’re many great money management apps available at your fingertips. Here are 10 reliable money management apps that can help you save money, and crush debt.

        1. Personal Capital

          When was the last time you’ve tracked your net worth? Probably months ago or maybe never. Personal Capital allows you to easily track your net worth and plan for retirement.

          Here are some of its main features:

          • Sync many investment accounts, and expenses (mortgage, credit cards, etc.) in one place
          • Discover hidden fees and how much they’re affecting your retirement plan
          • Wealth management for investors requiring a long-term strategy

          With Personal you’re free to track your expenses and net worth.

          Available for: iOS and Android

          2. Mint

            If your smartphone could only install a few apps, Mint would be one of them. Why? Because Mint tracks all your balances and bills in one place.

            Here are some of its main features:

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            • Effortlessly track all your bills and balances in one dashboard
            • Categorized expenses to understand where you spend your money
            • Uncover hidden fees, and determine your investment style with sophisticated retirement tools.

            Feel at ease with managing your money by a reputable company that isn’t going anywhere.

            Available for: iOS and Android

            3. YNAB

              Everyone needs a budget, there’s no way around it. YNAB (You Need A Budget) is an easy to use app that will change the way you think about money. Their motto is to “give every dollar a job”, and you’ll quickly discover why.

              Here are some of its main features:

              • Easily sync all bank accounts in one place
              • Visually see your debt paying progress with eye-catching charts and notifications
              • Customized categories setting saving goals

              The best part about YNAB is the community that comes along with it. You can hop on the YNAB forum to receive support, listen to the YNAB Podcast or stay tuned for their weekly videos.

              Available for: iOS and Android

              4. Wealthfront

                Albert Einstein once said “compound interest is the eight wonder in the world”, and for a very good reason. The problem is, most people are scared or unwilling to learn the basics of investing. This is why Wealthfront is the perfect solution for the hands-off investors.

                Here are some of its main features:

                • Variety of investment account options including IRA, Roth IRA, and more
                • Your portfolio composed of 7 different asset classes
                • Automatically rebalanced portfolio
                • Daily tax loss harvesting

                Wealthfront is perfect for people requiring investment guidance, or prefer a hands-off solution.

                Available for: iOS and Android

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                5. Clarity Money

                  If you’re staying on top of your budget but want to take your finances to the next level, Clarity Money can help you. Clarity Money helps you stay under budget and build a personalized savings plan.

                  Here are some of its main features:

                  • Easily cancel subscriptions with one click
                  • Synchronize bank accounts fast
                  • Transfer money effortlessly between different accounts

                  Clarity Money isn’t an app that does it all. But, it does make transferring money and canceling subscriptions fast and efficient.

                  Available for: iOS and Android

                  6. Acorns

                    What if there was a way to quickly gain confidence in investing your money, without too much risk? There is, and Acorns is your solution. With Acorns’s technology, you’re able to make investments as small as $5.

                    Here are some of its main features:

                    • Automatic contribution option
                    • Customized portfolio tailored to your needs
                    • Low management fees ranging from $1-$2 per month

                    Stop wasting dollars on expensive coffee. Instead, invest them towards a brighter financial future.

                    Available for: iOS and Android

                    7. Albert

                      Do you budget by only subtracting your expenses from your income? If so, how would you discover any overpayments or extra money you could save? This is where Albert shines, and it does it all free.

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                      Here are some of its main features:

                      • Receive notifications for overpayments, hidden fees, and low balances
                      • An Automatic budget that’s built around your spending and income
                      • Easily track debt and set new financial goals

                      While Albert does offer a paid option, most of its core features are FREE. So, what better option to save?

                      Available for: iOS

                      8. Prism

                        Have you recently forgot to pay a bill because life got in the way? Prism automatically tracks your bills and syncs your bank accounts in one place.

                        Here are some of its main features:

                        • View all your account balances in one glance
                        • Bill due dates are automatically pulled and tracked
                        • Receive early reminders for upcoming bills

                        If your budget is on “fleek” but can’t seem to stay on top of your bills, Prism is your go-to app.

                        Available for: iOS, Android, Windows, Amazon

                        9. Mvelopes

                          Remember hearing about people using envelopes to budget their money? Well, Mvelopes is the new envelope system for this generation. Easily create monthly budgets and track your saving goals.

                          Here are some of its main features:

                          • Connect unlimited bank accounts
                          • Real-time budgeting with auto transaction syncing
                          • Low monthly $4 fee or $40 annual

                          Mvelopes can help you crush debt, save more, and help you stop overspending. With its low monthly fee, it’s worth a try.

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                          Available for: iOS and Android

                          10. Wallaby

                            Most people don’t have time to track their credit card’s changing rewards and interest rates. Because of this, you need help reaping the most of your credit card’s rewards. Wallaby is the app that will help you do just that.

                            Here are some of its main features:

                            • Automatic recommendations for the best credit card to use for each transaction
                            • A friendly user interface, displaying credit cards with their corresponding images
                            • Free to use

                            If you’re using the same credit card to make your purchases, you may be leaving money on the table. Give Wallaby a try if you’re ready to maximize your credit card’s rewards.

                            Available for: iOS and Android

                            Take control of your finances and experience financial freedom

                            Picture yourself staying on budget and saving more money than you’d ever imagined.

                            It took hard work and dedication but you’d finally learned how to manage your money. You have to start taking control of your spending and saving habits.

                            You now have a list of reliable apps that can help you build better money habits, what are you waiting for?

                            Featured photo credit: Pexels via pexels.com

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