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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

        Ivan is the CEO and founder of a digital marketing company. He has years of experiences in team management, entrepreneurship and productivity.

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        Last Updated on June 26, 2020

        25 Easy Tips on How to Save Money Fast

        25 Easy Tips on How to Save Money Fast

        “How to save money fast?” This is the question asked by all of us not in the top 1% of rich people.

        If you are looking for ways to drastically reduce your expenses immediately, first look at what you need to spend money on every week. And I mean really need.

        You don’t really need to order in food. You don’t really need to buy expensive perfume.

        Building from that, you can work out how your regular expenses can be reduced.

        As for irregular expenses, they can also be deceptively costly in the long run. Once-off buys can also be tackled with some prudent planning and a little extra research.

        And remember: a budgeted lifestyle does not mean a bad or boring one!

        But first, understand what budget you can cut down on daily:

        • Regular expenses for the average adult (can be trimmed but not eliminated):
          • food
          • rent/mortgage
          • cell phone
          • insurance
          • socializing/entertainment
          • transportation
          • hygiene products
          • household bills
        • Irregular expenses for the average adult (can be eliminated or cut down a lot):
          • travel
          • clothing
          • medication (*depends)
          • grooming (hair, nails etc.)
          • gifts

        Now, let’s dive right into the 25 ways to save money fast:

        Save Money on Food

        1. Bring a stock of food to the office/work

        Instead of popping out for an overpriced salad and a smoothie, leave a set of basic utensils at the office as well as a stock of non-perishable goods such as tinned fruit, tuna, rice crackers and so on (try to avoid the junk food and this can turn into a pretty great diet!).

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        Stocking up means you won’t forget or say “I didn’t have the time” when you rushed out to work in the morning.

        2. Buy the store-brand version

        Many basic foods, such as bread and milk, will taste exactly the same as their branded alternatives. Go for stuff with minimal additives and preservatives. Meat in a tube is probably insanely unhealthy!

        3. Eat cheaper cuts of meat

        Learn how to tenderize and flavour cheaper meat and fish, and save on the (typically) most expensive item on your grocery bill.

        4. Have group dinners

        If 10 friends put $5 each in the kitty, it’s pretty easy to make a giant lasagne and get refreshments, as well as hang out with your favourite people.

        Save Money in Transport

        5. Get a bicycle

        Save on gas money and bus/metro fares with this underrated mode of transport.

        6. Use public transport and/or don’t get taxis

        Some places can only be reached by car. But as a good practise, check your public transport website and see if any routes pass nearby where you need to get to. Walk as much as you can.

        7. Find the cheapest gas

        Regularly check out where the cheapest gas can be bought.

        Save Money in General Shopping

        8. Shop online

        Not only will you save on the gas or transport fares from going to the shopping mall but you will also find better deals

        9. Sell your old stuff

        Get your unwanted belongings up on eBay ASAP and earn a few dollars.

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        Here’re more ideas for you: 25 Things to Sell to Make a Lot of Money

        10. Bulk buying stores

        For regular non-perishable/slow perishable purchases such as toilet paper, cat food, pasta, washing powder and so on, do an epic stocking-up trip to a co-op or equivalent (my mum used to go to a place that restaurants buy from).

        Be wary of supermarket “deals”, as some have been found to be fraudulent after working out a simple calculation.

        11. Become a flea market/car boot sale/street market guru

        You can find original gifts and develop good negotiation skills at these places.

        12. Generic brand medication

        More often than not, the generic version of paracetamol and other basics work the same as the branded version.

        13. Choose deodorant, not perfume

        It blows my mind when someone drops $70 on a bottle of spray. Stick with a nice deodorant, and not only will you smell just fine but you’ll be sweat-free as well!

        Cut Down on Household Expenses

        14. Printing

        Ink is one of the most expensive substances in the office and coloured ink is doubly so. B

        e more efficient and choose black and white, and if your printer doesn’t have a print-both-sides options, just print odd pages first, re-insert the paper and print even pages.

        Expand the margins of what you are printing as often as you can to save on paper.

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        15. Minimize SMS and phone calls

        A combination of a free chat service such as WhatsApp and a free call service such as Skype can reduce your bill to nothing (so long as you have a decent Wifi connection).

        16. Shop around for insurance

        Most people don’t spend enough time searching for the best insurance deal.

        Keep a watchful eye out for deals and new competitors in the market.

        17. Try re-negotiating your rent/mortgage

        If you have built up a good credit history or a good rapport with your landlord, then chances are a frank chat about needing to tighten your spending could result in lowering your payments. You’ve nothing to lose from trying.

        18. Don’t get a TV

        Invest in a computer/laptop and an internet-only package. You can watch more (and often better) entertainment on the web, and skip the advertisements as well.

        19. Pool your internet bill with a neighbour

        My apartment building is basically a big old house split into three apartments. There are five of us in total. We pool the internet bill, making it crazy cheap.

        Save Money in Socializing, Entertainment And Travel

        20. Have house parties

        Instead of paying for overpriced drinks, set up a series of in-house get-togethers with your friends. Everyone takes a turn, so it’s not always your house that needs cleaning.

        For sound insulation, hang heavy drapes on the walls and windows. For music, invest in a good second-hand set of speakers which you can connect to your computer. Let Spotify or Grooveshark playlists do the rest.

        21. Open festivals, meetups and events

        It never fails to surprise me how much underground stuff goes on around me for free or for very cheap. Find out who runs the blogs and websites that list all the less well-known cultural activities.

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        22. Volunteer

        If you can’t pay for a ticket, volunteer and get to be there anyway.

        23. Housesit

        There are multiple housesitting websites offering you the possibility to avoid paying hotels and skip the discomfort of crummy hostels.

        Save Money on Hygiene and Beauty

        24. DIY beauty

        French manicures, pedicures, waxing, eyebrows… pretty much all of these can be achieved at home (and done well) with some practise. There are plenty excellent blogs and YouTube tutorials to help.

        25. Fewer haircuts/volunteer at a trainee hairdresser

        If you can’t bear the risk of a trainee touching your locks, learn more ways to manipulate your hair as it grows and get haircuts sparingly. Women’s haircuts are outrageously priced in many cities.

        Bonus: Effective Money-Saving Tips for Everything

        Here’s a summary of what you can generally do to save more money:

        • Share/pool resources. Organize a neighbourhood sharing scheme, common resources for your apartment block or with your friends. Not everybody needs an individual lawnmower.
        • Buy energy-saving everything. The easiest way to lower your bills – replace those lightbulbs!
        • Buy in bulk. Be sensible about it (i.e. make sure you have space!), and drastically reduce weekly expenditure.
        • DIY. Skill up using YouTube tutorials on plumbing and many other essential services so you never have to pay for simple problems again.
        • Research a lot before making a decision. Most money-wasting is the result of poor preparation and planning. Don’t shirk this part just because you don’t like it!
        • Use your network. Your network is full of resources that can ease the pain of budgeting. Ask for help.
        • Stop and think. Do I really need it?

        Unfortunately, there are some things that require plain ol’ giving up for the time being. This can include high-cost sports such as skiing, the latest versions of some technologies, the finest brands of food/drinks, premier seats at the opera and most other indulgences.

        What is important to remember during lean times is that when you look back on your life, it will be the experiences that stand out, not the extra comforts.

        Living on a budget can teach you a lot about how much you can really get out of your paycheck. We only live one life, so make the most of every penny you earn!

        More Tips for Personal Finance Management

        Featured photo credit: Unsplash via unsplash.com

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