Comments on: 5 ways not to be a savvy spender

By: Diane

Diane — Sat, 27 Jun 2009 07:04:06 +0000

Not doing homework, i.e., researching, before making a major purchase like an appliance or auto (checking Consumer Reports, for example). Not shopping around for prices. Not using a credit card, if possible to do so, that affords protection in the event of a subsequent dispute with the seller/merchant. Not paying the credit card in full when the statement arrives.

By: Jeff@MySuperChargedLife

Jeff@MySuperChargedLife — Thu, 04 Jun 2009 21:31:38 +0000

I think that way too many people fall into the trap of comparing themselves to others and spending to try to maintain an artificial lifestyle. They buy homes, cars and toys they can’t afford to appear wealthier than they actually are. This is a very dangerous spending habit!

By: geekwife

geekwife — Thu, 04 Jun 2009 21:12:47 +0000

I think one of the easiest ways to spend a lot of money but not realize it is by eating out. If you eat out everday at lunch and then pick up food for dinner a couple of times a week – it adds up fast. A hundred dollars a week adds up to $5200 a year!

By: frugal dad

frugal dad — Thu, 04 Jun 2009 20:31:20 +0000

I think one of the best ways to waste money is to chase fads, particularly in electronics. Just because there’s a newer version of your favorite electronic toy available doesn’t mean it makes sense to buy it (and discard something that still does everything it did the day you bought.) Wait until you really need new features before you upgrade.

By: meinmillions

meinmillions — Thu, 04 Jun 2009 19:53:25 +0000

Not differentiating between a want and a need. Just because you WANT something doesn’t mean you NEED something.