3 Common Money Wasters You Need to Eliminate Right Away

Monday, 4 March 2024, 01:00

Learn how to identify and stop wasting money on unnecessary electricity, unused subscriptions, and wasted food. By implementing simple changes like using power strips, canceling unused subscriptions, and meal planning, you can save over $2,100 annually. Take control of your finances and end wasteful spending for good.
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3 Common Money Wasters You Need to Eliminate Right Away

The Impact of Wasting Money

If you're doing these three things, you could be losing $2,104.08 a year. Find out how to stop wasting your hard-earned cash.

Unnecessary Electricity

  • Cable boxes and DVR systems
  • Phone and tablet chargers
  • Printers
  • Desktop computers
  • Gaming systems
  • Any device with an indicator light

Collectively, the costs of running all these devices all the time adds around $200 a year to the average family's electric bills.

Unused/Subscriptions

The average household has 4.4 active paid subscriptions, totaling $52.97 per month.

Food Waste

More than $408 billion in food is thrown away each year, with vegetables alone causing losses of $1,600 per year for the average American family.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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