You may not realise it right away but you aren’t always aware of the value of the things that you are purchasing. However, if you take a step back and take a broader look at your costs, you will come to see that you would do well to cut out a few items and services.

You can start with these:

Homeopathic flu recipes

These recipes may claim to help you battle aches, chills and other misery-inducing symptoms of the flu with herbs or vitamin supplements. However according to experts, “There is no scientific evidence that any herbal, homeopathic or other folk remedies have any benefit against influenza.”

Lottery tickets

While winning can be potentially life-changing, you have to be realistic about your chances, which when it comes to the biggest prize in the land, is one in 195,249,054. Let’s put it this way, you stand to have a better chance of getting hit by a meteor (one in 700,000) than winning the entire thing.

Bottled water

Don’t be fooled by the advertising pitch that involves cool water from a pristine spring. The truth is a lot of brands use plain old tap water and then, just treat it with chemicals and minerals. The Natural Resources Defence Council even discovered that some brands contain contaminants.

Cheap paper towels

A consumer report showed that none of the cheap towels scored high marks for durability or absorption. This means that you’ll probably end up using more, which means you’ll end up, you guessed it, paying more.

Extended warranties

Again, don’t be suckered into these kinds of warranties as some just duplicate coverage you already have from the manufacturer. You might be locked into using a specific service provider, or face inconveniences like having to ship the item some place else on your own dime and being without it for weeks on end while repairs are being done.

Improper managing of your finances can possibly lead to a bad credit rating. And that is something you don’t want hanging over your head as the effects of bad credit rating can cause real damage to your reputation and spending power.

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