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The 10 Top Reasons Americans Waste Money


You work hard for your money -- the last thing you want to do is waste it. Unfortunately, frivolous purchases and unnecessary spending are a way of life for many Americans, with recent research from The Ascent showing more than six in 10 Americans admit to wasting a "considerable amount" of money over the course of their lives. 

This wasted money takes all kinds of forms, from cash thrown away on unnecessary fees to spending on fast food and impulse buys. Unfortunately, it can come at the cost of your financial security if you're wasting too much and not doing the right things with your cash. And, sadly, it's not even making most of us any happier. In fact, three-quarters of survey respondents told The Ascent they'd spend more on things that made them happier if they weren't wasting so much. 

So why are we so careless with our hard-earned cash when wasting money doesn't even bring us joy? Here are the top 10 reasons Americans waste so much money.

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Source Fool.com


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