9 Things Poor People waste Money on

Every socio-economic group spends money on things. However, a difference exists between what the poor and rich spend their money on respectively.

[moneysmartdaily]

Hmmmm. You made some really pertinent points. Makes me think.

This saying is so true and applies: "Wealth consists not in having great possessions, but in having few wants."

[.Koreans.American]

I spend too much money on online shopping these days :( Here's the summary of the video.
1. Food waste and drinks
2. Underlying illnesses
3. Games and in-app purchases
4. Coupons for buying random stuff
5. Fortune tellers and lucky charms
6. Impulse buying
7. Latest gadgets
8. Penalties for late payments
9. Gambling

[QuestionEverythingButWHY]

“The person who doesn't know where his next dollar is coming from usually doesn't know where his last dollar went.”

[esthermontal]

Thank you. Gives a strong incentive to live more frugally...

[kamaldey]

Great financial advice. This small voice educate the people financially globally.

[t-squared]

Watch your money, it doesn't come that easily and it doesn't have to go that easily!!

[rskmoneymantras]

Very Nicely explained and it's true we save less and waste money on many things.

[professorlayabout]

Average American family wastes $20, 000 per year on food that they throw away? Dude, the average American family doesn't spend that much on food in total.

[colinmccarthy]

I have seen the Poorest in which a Person can become.I have also seen the Richest a Person can come.The Moral of the Story is :-, Let your INNER-SELF guide

[QuestionEverythingButWHY]

“That man is richest whose pleasures are cheapest.”
--Henry David Thoreau

[ricosdiamante]

Fr me #7 is NA I have never bought a new device with out selling the old which is why i can keep up to date . Sell it while it still has sufficient value . Its' just smart business

[nevmcc]

The problem with Auto Payments is authorised direct debit: If you don't watch your outgoing payments carefully, unscrupulous companies (many) will sneakily and stealthily jack up the deduction above and beyond the service they provide while you aren't watching. Compare insurance every year or you WILL get screwed.

[Elle_M]

You forgot scams. Poor people and old people spend money on scams. Sometimes pyramid schemes or they fall for the Nigerian prince scam.

[nevmcc]

Luxury cars on borrowed money. Don't be fooled by the Mercedes Benz, the fool is often driving it.

[CaseyBurnsInvesting]

Once you accept that it’s not going to happen over night it starts to happen night by night.

[boijayar]

I like how he pronounce "AGAIN" .love it

[Coincollector]

Last year i went to a fortune teller because of depression. Nothing she said came true. I have not went to another one nor do i ever plan too. I still use the same Mid grade LG smartphone i received for free last year. It's not perfect but it still serves its purpose. I have never spent any money on app games. I wait for the lives to refill over time. The only time that i have coffee is at work so it costs me literally nothing. I do spend some of my capital on coins and bullion. It's of course investing in the future. Since i use my internet service for investing amongst other things, i consider the $50.00 a month to be an business expense. It was $93.00 but i switched carriers and knocked $40.00 off the bill plus I'm earning more money from work and paying less out.

[sharonyoung]

Not everyone has the same opportunities with money.
That is the reason why people are divided The haves and have nots

[feelcoolrelaxed]

Very captivating and factual. It's an eye opener

[hassaninvesting]

The difference between the rich and the working class is that the working class has to work for their money. If they stop working they don't get paid. However, if the rich stops working they still get money from their investments.