Litter Man l September 09, 2011 l 
If time is money, then you might say procrastination is like going on a spending spree. Laziness leads to wasted time and missed money-saving opportunities, but so can busyness. Our hectic lives often cause us to neglect matters that, left unattended or unnoticed, can cost us money.
Whatever the reason for the hidden money wasters in your life, get yourself on the way to saving with a little effort and some investment of your free time.
Common Money Wasters and How to Avoid Them
Not turning off utilities. Your mom was right to tell you to turn off the lights when you leave a room. Besides helping save the planet, remembering to turn off utilities such as electricity and water when you’re not using them can reduce your monthly bills. More tips for conserving energy (and money).
Not getting an annual checkup. Do you think that pain in your back is just going to fix itself? Being proactive with preventing a health crisis is a great way to save money in the long run—just ask anyone with an emergency room visit under his or her belt. Many insurance plans cover an annual physical, while dental plans often offer two annual cleanings.
Not making on-time payments. Whether it’s a book or movie rental, your rent or your credit card bill, there’s no excuse for returning or paying something late and incurring fees. If you’re forgetful, put your bills on auto-pay or pay ahead a few months to give yourself a cushion.
Not asking for help. Saving money can be as simple as picking up the phone. Call your cellphone or insurance provider to identify spending leaks in your plan. Phone a friend to see whether you can borrow an item you’re considering buying.
Not preparing meals at home. Who doesn’t love trying out a new restaurant? Your wallet, that’s who. But eating and going out still is the most common way Spendsters waste their money.
- Instead of going out, browse cookbooks, magazines, and the Internet for affordable recipes, and cook for yourself.
- Feeling lazy? Prepare extra, so you’ll have leftovers the next night. You can even freeze meals for later on.
- If you must go out, check out these 11 Ways to Dine on a Dime.
Not comparison shopping. Buying something on the spot is satisfying and convenient, but it doesn’t guarantee you’ll get the best price. With the power of the Internet at your fingertips, comparing brands and retailers and searching for deals and promotion codes never has been easier.
- Before you visit the store, check out customer reviews on the company or product and search for daily or weekly deals or coupons that you can apply to your purchase.
- While you’re at the store, jump online or on an app on your smartphone to see whether you can find the item cheaper somewhere else.
- For big-ticket purchases, visit three different retailers online or in the store before you swipe your card.
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