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At one point in time, I felt like I never had any money to do much of anything.  I didn’t realize how much money I could have had on the table if only I wasn’t wasting it by making dumb mistakes (this is why it’s so, so, so important to get educated about your finances).  Once I changed a few things around, I started freeing up a few bucks that eventually got used towards paying down my student loan debts (and other fun things).  This ultimately changed my life.  I want to share some of the mistakes that I used to make that were costing me a ton of money and how you can turn it all around and change your life as well.  You ready?

Mistakes that are wasting you money

Paying down credit card with the biggest balance first. 

You’re throwing away endless coins by not paying attention to those interest rates honey!  You’ve been paying on your debts, great, but there’s a way that you can save some money in the process. Pay down those debts with the highest interest rates first so that you can save in that area.  You’ll be glad you did in the long run.

Being too cheap/frugal.

Ok, I’m all for the bargains and $10 shoe deals, but what’s the quality looking like?  If you spend money on a cheap pair of shoes (or anything else) and they end up falling apart after a few wears, then you my friend have wasted your money.  Instead, use that money towards a purchase that will be long lasting.

Hanging with the wrong people.

Listen, your friends and family will have you broke if you let them!  Brunch here, the club there… that stuff adds up real quick!  Sometimes you can’t do what everyone else is doing and run behind them everywhere they go.  If you have specific financial goals that you are trying to reach, it’s best to sit your butt at home for once (Netflix and chill bruh).

That’s why it’s important to have healthy boundaries in your interpersonal relationships.  Set those boundaries and stick to them. People can’t do anything but respect you for putting boundaries in place. We need healthy boundaries to thrive; set the tone early on and stick to your guns. Stay strong and trust me, you will be that much more pleased with yourself for doing so. Instead of being a people pleaser, channel that into pleasing yourself more often.

“If you have specific financial goals, it’s best to sit your butt at home for once. Stop playing!”


Not using cash.

Simply put, if you can’t afford something with cash, then you shouldn’t be using a credit card to purchase it.  Using credit cards can be a money waster if you’re not paying off the balance in full each month.  Those interest rates add up and some are through the roof.  That extra money that you have to pay back just to cover that random purchase you made adds up and is a total waste.

Buying things you don’t need (impulse shopping).

One of the main mistakes that you can make where you’re literally throwing money away is by spending too much on things that you don’t need.  Every little thing you see in the stores you’re reaching over to pick up and saying “oooh I gotta have this” only to forget about it days (or sometimes hours) after purchasing.  SMH.  WE GOTTA DO BETTER IN 2017 YO.  I’m just sayin.  In order to break the habit of overspending and shopping on impulse, wait it out before making a purchase.  This means that you should be taking some time out to evaluate whether or not the purchase is really necessary.  Try waiting at least a week before returning to the store to purchase that item.  I guarantee you that more than half of the time you won’t even return to the store to get the item and even in the event that you do go back, you’ll probably realize that you don’t even want the item anymore.  PATIENCE IS KEY.

Not having a clear financial plan.

If you never know where your money goes and are always wondering why you’re broke, then it’s time for you to take action and get your finances under control.  This is done by developing and sticking to a financial plan.  Budgeting is major key here folks.  It’s imperative if you want to be successful and stop throwing all of your money away.  Every dollar should have a purpose.  Having a clear financial plan sets you up to reach your goals and stay on track.

Having too many memberships.

Why do you need a membership at both Costco and Sam’s Club? You are literally wasting money here.  Additionally, if you haven’t been to the gym that you’re a member of in months, why are you still paying for that?  It’s time you stop fooling yourself baby girl.  There are a ton of free workouts online that you can take advantage of in place of that gym that you’re a member of (but for some reason never go to).  Write down all of the memberships and subscriptions that you have and decide what you can cut.  I know that there has to be some money hidden within that list.

Not taking advantage of bargain sites.

This day and time, why would you pay full price for anything?  With all of these bargain sites out here such as LivingSocial, Groupon, Hotwire, Expedia, etc., you should be ballin on a budget. Ain’t nothing wrong with getting something at a discounted rate.  If there’s a new restaurant that you’ve been thinking about trying, do some research to see if there is a deal online that you can snag so that you can save some money.  The savings may not seem like a big deal to you, but trust me, those coins add up.  Google is your BFF for the bargain hunts.  Also, don’t be afraid to buy generic products.  I never sleep on generics anymore because I have found that sometimes the generics are better than those big brands.  All you’re paying for is that nice and pretty packaging anyways, so make sure you start incorporating some of these generics into your life.

Boom!  I’ve just given you the run down on 8 mistakes that you’re making that are wasting a ton of money…the question now is this: how you gon’ act?  Reading this post is great and all (thanks for reading) but I want you to put this into action.  If you want a change financially, you can’t sit around and wait for it to happen.

I’m rooting for you!

Now let’s talk about it.  In what ways are you wasting your money? Sound off in the comments, I wanna hear from you!

P.S. If you thought that this was insanely awesome or made you think about someone that you know, please share this with them!


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