Sometimes, it's worth it to splurge. The general rule of thumb is that anything that comes between you and the ground is worth spending a couple extra bucks on (e.g., shoes, mattresses, and tires). But spending on other things is just throwing money away. Here's a lesson that will save you a lot of money: There are some things in life that you should absolutely not be spending a lot of money on. Pinch those pennies! Be a cheapskate! It will help you in the long run. Let's see if you can survive this budget bootcamp.
They say money can't buy happiness...
…But it certainly doesn’t hurt, either.
There are a whole bunch of things in the world that you can spend your money on, but in some cases, you’re just wasting all that dough. For people who are trying to save, it’s important to know the difference between things you need to invest a bunch of money in, and things that it’s OK to cut a few cornrs on.
Luckily for you, a recent AskReddit thread compiled a list of all the things that just aren’t worth the splurge.
How many of them are you wasting your money on?
#1: Extra Virgin olive oil
When it comes to olive oil, “extra virgin” really just means “extra expensive.”
According to Reddit user fredrichnietze, you should “only use extra virgin in applications that do not heat it up to high temps or for extended periods or the difference in taste will be lost.”
Redditor queenkid1 adds, “My roommates think I’m weird for having 4 containers of oil, but it makes so much sense. Sesame and extra virgin olive oil are for after cooking. Regular olive oil is good for baking, or pan frying. Peanut oil and canola oil are good for shallow or deep frying. Their smoking points and flavours make a huge difference.”
So if you want olive oil, just get the basic stuff. If you’re really trying to save money, though, you’re probably eating Ramen every night anyway. No olive oil needed.
#2: Birthday party supplies
If you’re throwing a birthday party for someone, it can be tempting to splurge on all the decorations to really make them feel special. Good news! You can also make them feel special on the cheap.
“Anything birthday related can be purchased at the dollar store, plates, those infamous beer pong cups, plastic forks, napkins, cards, balloons etc.” says Redditor MothershipMan.
Know what’s even cheaper? Skipping your birthday altogether.
But that’s also very sad. Don’t do that.
#3: Mr. Clean Magic Erasers
They’re just melamine foam sponges. Nothing special. As Redditor acidmonkey puts it, “Mr. Clean Erasers are a rip off and the exact same thing.”
In fact, you can buy fifty melamine sponges from Amazon right now for under $22. Fifty! That’s probably enough to last you the rest of your life. Or at least a solid month. We don’t know how filthy you are.
#4: Anything other than Kirkland brand at Costco
According to Redditor reinfleche, “if Kirkland sells it, buy it from them.”
While Costco helps you buy in bulk for cheap, your cheapest option will always be the Costco in-house Kirkland brand. In fact, Kirkland-brand booze is more often than not the exact same stuff that’s in the pricier bottles. Mind = blown, right?