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I’ll do just about anything to save a penny. Seriously, ask my boyfriend Steven. The way I see it, by saving that penny I have extra money in my pocket. Who wouldn’t want that? There’s the saying “nothing in life is free,” but I think I’m getting pretty close. Just a few days ago I got discounted candy as well as a free drink and popcorn at the movies.
Why would you ever pay more for something when you could get the same exact thing for less or even free? Whenever possible, I look for creative ways to same some money. Even with discounts there are a few things I simply won’t spend my money on, here’s a list of 5 Things I refuse to pay for.
- Bottled Water
According to the IBWA (International Bottled Water Association), the average wholesale price per gallon of domestic non-sparkling bottled water is about $1.20. Buy just 2 gallons each week, and you end up paying $124 a year.
Instead of paying for bottled water, we got a Brita. You have to change the filters, you can get a Brita filter replacement 3 pack for $13.99. Whenever we want water on the go, I fill up one or two of our reusable water bottles to take with us.
Savings: $90-110 a year
2. ATM Fees
Plan ahead for when you need cash. Find a nearby branch of your bank and pull out some cash. Having cash before going somewhere that doesn’t accept cards as payment can keep you from being fined $2-4 per withdrawal at another bank. Let’s say you forget to get cash only once every 3 months, at $4 a charge, that’s $16 a year. Your ATM fees for one year could pay for you to see a movie in theatres, or you could rent 16 movies from Redbox!
Savings: $16 a year
3. Extended warranties on electronics and appliances
Prior to moving in to our new apartment, I bought us a Blu-ray player at Walmart. As I was about to check out I was offered an extended warranty that would cost an additional $70. The Blu-ray player costs $125 dollars. Why would I pay for a warranty that costs more than half of the item I purchased? Buying the extended warranty has proven to be a waste of money for me. If you buy a new device every three months with a $70 warranty on each, that’s $280 a year on warranties you probably won’t even use!
Savings: $280 a year
4. Credit Reports
While it is important to check your credit report frequently for any suspicious activity, you should never pay for a copy of your report. You can request a free credit report once every 12 months from Experian, TransUnion and Equifax. If you pay $15 each month to look at your credit score, that’s $180 a year! You can view your credit score for free from services such as Credit Karma.
Savings: $180 a year
5. Checked baggage fees
Checking your bag could cost you around $50 roundtrip! Instead, try to limit your luggage to what you can take in a carry on bag. Check out my post on what to pack for your carry on bag to save you money on your next flight.
Savings: $50 each trip
By not paying for these 5 things, I have saved myself about $650 in one year! Not all of these may work for you, but cutting these five things could help you keep more money in your pocket.
What things do you refuse to pay for?
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