With inflation pushing the price of just about everything higher, it's more important than ever to keep track of how you're spending your money. Here's a look at seven common money traps -- and tips on how to cut those costs.
Over time, however, even the most budget-conscious consumers may find themselves spending more than they need to on certain expenses. Here's a look at seven common money traps -- and tips on how to cut those costs.1. Bank feesWhether you're paying fees for withdrawing money from an out-of-network ATM or paying monthly service fees for simply having a checking account, small fees can add up to a significant amount of wasted money over time.
Cut the cost: Look through your refrigerator before you head out to the supermarket. Then plan your meals around the items you already have. That way you'll not only be sure to use those items before they go bad, but also less likely to purchase new groceries that go to waste. 5. Extended warrantiesWhile extended warranties on your car, appliances, or other electronic devices may offset the cost of future repairs, they're not always a great deal for consumers, according to Ramhold.
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