Some tips to save money are obvious, such as travelling by public transit, reducing the number of times you eat out or abandoning expensive bad habits such as smoking. Some means are rare enough to be impractical to achieve constant savings, such as choosing cheaper hotels on holiday or buying a used car instead of a new one. While this is good advice, it will not help you control your monthly expenses.
You may be wasting money in an extremely common but often overlooked way. Here is a list of 18 common and very unnecessary expenses that you probably make without even realizing it.
18Buy branded products
Trademarks and generic brands must be one of the most underutilized ways to save money on a variety of products. Whether it’s food, skincare or over-the-counter medications, chances are your local grocery store or pharmacy will have a brand name for them or sell a generic version. Check the labels; in most cases, the ingredients are almost identical, but you don’t have to spend money on the big brands.
Also, if you have prescriptions, you can sometimes ask your pharmacist for the generic version of your medications. They work the same way as the brand and can save you a lot of money if your share is high.