Wasting Money


Saving money can be as important to your financial peace of mind as making more of it.

Kelly Anderson writes for mint.com, an internet site that helps you manage your money. And she points out six areas where Americans waste far too much money.

We spend billions of dollars every year on frivilous purchases we do not need. Here's her list. Junk food. We consume too much of it. It can be far cheaper to cook at home, and it can be a lot healthier for you.

Waste. We spend far too much for energy when we could just turn off the lights when not in use and we throw away too much food.

Gambling, sure. Someone wins the lottery every week but you have a better chance of being hit by lightning.

Fines and fees, housing. We spend far more for that roof over your head than people do in Japan of Canada. Finally just getting around. According to mint.com we can spend less by using public transportation or ride sharing. Sharing the cost to save you money.