5 hidden reasons why you are losing money

1. Unused gym passes

Starting from a new week, month or year, crowds of people rush into the hall, determined to change their appearance. However, a spontaneous decision can take a toll on your wallet.

As a rule, not everyone who has bought a subscription to a fitness club visit it regularly. If you pay 3,000 rubles a month for a subscription that you use several times a year, then for all the time you will practically waste 36,000 rubles.

Before purchasing a subscription, think in advance how often you will need it.

Try looking for cheaper or even free alternatives.

For example, if you have a bicycle, ride it to work. It will serve you as a great exercise and will save you a lot of money.

If you are already paying the monthly gym membership fee, but you understand that it is not profitable, cancel the contract. Please note that this is not an easy task, so it is worth thinking twice before purchasing a pass. Sometimes it is better to pay for a one-time visit to the club.

2. Expired food

Perhaps many of us bought some kind of product, but did not have time to use it before the expiration date. For safety reasons, we of course throw out expired food. It turns out that the money was wasted on it.

According to the American Chemistry Council, the average American household throws away $ 640 worth of food every year.

To avoid such mistakes, make weekly grocery lists and always take them with you to the store.

Check your refrigerator, freezer, and kitchen cabinets regularly to find out what you already have. Buy only the essentials for the near future and try not to buy for future use. After all, it is quite possible that before the end of the shelf life you will not have time to eat all the supplies.

3. Excessive spending on restaurant trips

It's always nice to drop by a cozy café or indulge yourself with a dinner at an expensive restaurant. However, too frequent trips to such establishments can result in serious monetary losses.

The mark-up for food at catering establishments can be up to 300%.

In this case, if you spend 30,000 rubles a year on restaurants and cafes, the same meal prepared at home will cost you 22,500 rubles less.

You don't have to give up eating out altogether. Just try to reduce the cost and quantity of such outings, especially if you are now in economy mode.

4. Lack of pension contributions

Pension savings will give you confidence in your own future. However, some unscrupulous employers do not make deductions, and the employee may not even know about it.

It is imperative to check whether your money is going as intended.

Otherwise, you risk losing the money earned by your own labor, which should go to your retirement.

5. Slow down investment growth

If you decide to invest in something, make sure that it will actually generate income and improve your financial situation.

Your net income will vary greatly depending on the choice of interest rate and the term of the deposit. The lower the interest rate, the less money you can save. It is better to calculate the effective rate at the bank itself or using a special calculator.