Money comes and goes, and when you consider the fact that more than half, or 58%, of all Americans are now living paycheck to paycheck, saving becomes as important as ever. This usually starts with cutting down on unnecessary spending.
To find out what people can do without, Redditor u/gejiw94601 made a post on r/AskReddit earlier this month, asking everyone, "What's the biggest waste of money?" Since then, it has received over 2.6k comments, prompting a discussion on our budgeting, spending habits, and everything inbetween. Here are some of the most popular answers to their question.
#1
Weddings.
Crazy expensive day. Guaranteed at least one relative will kick up a stink. Massive pressure to be The Happiest Day of Your Life. Everything doubles in cost if you say its for a wedding (dress, suit, cake, venue)
Just do the quick registry office paperwork, have a surpise party and run away for a long honeymoon with the money you saved.
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231points
#2
Buying ridiculously expensive clothes to flex.
203points
#3
Those that are donated to house of worships, for pastors to buy private jets & catholic priest to play dress up
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199points
#7
Giving your money to the Catholic Church. You’ve got to be f*****g kidding me.
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182points
#8
Donating to rich twitch streamers. I’ll probably never understand why people do it.
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179points
#11
Buying pro-grade stuff you don't need is wasted money. My dad once told me to not spend excessive money on tools at first. Buy them for dirt cheap, learn which tools you really need, and when they break, replace them with quality ones.
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164points
#16
Celebrity meet and greets.
I have a friend who is not very well off financially, and is complaining about money to me once a week. Yet she always seems to have money to pay for a celebrity meet and greet at least twice a year. Some of them are only a couple hundred dollars, but some can get really expensive, really fast. For what? A picture next to a famous person? They neither know you, nor do they care about you.
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140points
#18
Overdraft fees. Like, the bank should know better than anybody that I have no money. So what are you trying to take?
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131points
#19
Third-party delivery i.e. DoorDash/Uber Eats/GrubHub
The fees + tips are exorbantly high, and a normally affordable fast food meal becomes the price of a sit-down restaurant meal or more.
This is from first hand experience lol
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117points
