You're Probably Spending Too Much Money on These 3 Things
It's OK to spend a little extra money once in a while, whether it's to take a vacation, upgrade an electronic, or even buy your dream home if you've saved well enough for it. But there comes a point when wasting money can hurt your finances and compromise your ability to meet other goals, whether it's retiring comfortably or putting your kids through college.
As such, it pays to take a step back and evaluate the different things you're spending money on. And chances are, you'll find that you're going overboard in these three areas in particular:
The typical American spends $288 a month, or $3,456 a year, on restaurant meals and food prepared outside the home. Seeing as how dining establishments typically charge a 300% markup, that means you could save yourself $2,592 a year by cooking your meals at home rather than paying someone else to do that for you. Cooking at home might also result in healthier eating habits, thereby saving you some money on healthcare expenses to boot.
Source Fool.com
