15.5 Things That Are a Complete Waste of Your Money

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⌚️Timestamps:
0:00 Start here
0:04 Thing 1
0:37 Thing 2
1:39 Thing 3
2:26 Thing 4
3:10 Thing 5
4:02 Thing 6
4:57 Thing 7
5:36 Thing 8
6:35 Thing 9
7:38 Thing 10
9:16 Thing 11
10:15 Thing 12
11:15 Thing 13
11:52 Thing 14
12:23 Thing 15
13:01 Thing 15.5
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[stacybender]

I always ask myself:
A) Do I need it?
B) Do I want it?
b1) What will I do with it? Consume, display, use
b2) Will it end up in a box and forgotten or tossed?
b3) Do I have room for it?

Asking myself questions keeps my money in my pocket.

[okisoba]

For single guys or small families buying in bulk doesn’t save but I have a family of seven. It’s worth it if you want to keep them alive for cheap.

[thedanyesful]

Ideally you could buy in bulk, prepare the food and then freeze it.

[hustensaftvernichter]

I think this is missing ''Buying new all the time''. Especially with electronics and clothes you immediately lose most of the value right after purchasing them new. I recently bought a leather jacket that initially cost over $800 for under $150 because the owner simply didn't like it anymore and had grown out of it a bit. It barely had any signs of use and people who see me wearing it would never guess it's a second-hand item.

Same goes for some electronics. I built a gaming PC for my brother buying the graphics card and processor used, saving almost 200 dollars! Over time, these little decisions make a huge impact and you realize that pre-owned is not worth less.

[DavidDavisDH]

The store can't get me to impulse buy, I use a list. My rule is buy only on the list. It takes discipline to get like this.

[aarons.]

I always buy my groceries from Walmart but was always spending too much. I realized a few months ago that if I buy everything online and use their free curbside pickup I save A LOT by not going inside and making impulse purchases. I also look over my virtual cart to remove items I don't "need" and save a lot.

[anamei]

16. Alcohol 17. Coffee 18. Cigarettes 19. Weed 20. Makeup 21. Nail polish 22. Fake nails 23. Getting your eyebrows done (you can do them yourself)

[olexandr]

1. buy in bulk only if you are able to consume
2. glasees do differ from price and you can see it in close starting from design ending with materials (glass/metal/titanium etc)

[Jailey]

Always keep frozen salmon, cod, chicken, beef / bison, and vegetables bought in bulk at Costco -inside the chest freezer. Defrost, then cook it.

[ruru-]

I was buying food in Lidl in Poland, Spain and now in France. For many of my Parisian coworkers, buying food in Lidl is a shame. According to them, the quality is poor. Meanwhile in my country, many people even can’t afford buying in Lidl.

[eos_]

Oof might disagree with your stance on buying in bulk. My wife and I started buying in bulk this year and freeze any leftover especially for produce that are about to go bad, and yes there is way to compact food to save space. We’ve been saving a lot more money this year and we stopped eating out because of the amount of different ingredients we have (frozen bell pepper, mushrooms, carrots, big bulk of rice, chicken, coffee) has completely stopped us from going out.

[kennethmoody]

"Great video! While generics are generally a great way to save money, it's important to be aware of potential issues with inactive ingredients. While the active ingredient must be the same, changes in inactive ingredients can sometimes cause adverse reactions in a small percentage of users. This isn’t common, but it’s worth considering if someone experiences unexpected side effects when switching to a generic, especially for those with mast cell disorders or mastocytosis, who may be more sensitive to these changes. In some cases, this can be severe enough to cause additional allergic reactions to generic EpiPens." Be aware of non-active ingredients

[CardboardTriangle]

For number one, I’ve realized that if you buy in bulk you use WAY more of the product because you have a lot of it

[StanislavHlaváček]

Some of these points make sense, but it really depends on your situation. What might be a waste for one person could be valuable for another. It’s all about priorities.

[baileyemal]

I'll give you one more that I think is a waste of money, and that's adding more items to your online cart so you can have free shipping. So, you don't have to pay for shipping, but now you're stuck with stuff you had no intention on purchasing in the first place. Plus, it probably cost more than just simply paying the shipping fee.

[rayok_zed]

8:00 Idk about other people but negotiating where I'm from comprises of saying a ridiculously low price and coming up slowly, followed by planning to walk away or actually walking away if the price is not satisfactory, then usually getting called back with a better offer.

[veronicasmemories]

I was trying to explain to my friend who's a mom now that no, getting a costco membership doesn't make sense for me because I live alone and I can barely keep up with the food that I buy at a regular grocery store hahaha.

[rayok_zed]

6:00 Something to note, if you get an esim for a carrier that charges high roaming fees, you will still pay high roaming fees. The key is getting a carrier (or second) that has good roaming charges. For those out of the US wondering why he's talking about esim specifically, phone in the US usually come with one sim slot and an esim slot (sometimes) compared to our dual-sim phones.

[PrimitiveAK]

The Costco one is good but has a caveat. You don’t buy ingredients and perishables at Costco you buy other items like paper towels, toiletries or other housing items. I won’t go as far as frozen goods at Costco. But most items like bulk paper towels will last you months. Everything else I buy at ShopRite and Walmart

[phoreal]

@1:00 didn't you "quit your finance job"? I don't understand this narrative, it's not like you were from a different industry, there was a easy pivot.