The Secret Ways You Flush Money Away: Seven Highly Unnecessary Expenses People Waste Money on Every Day!

Updated on March 28, 2020
Pam Morris profile image

Writing is my passion. I have an undying thirst and quest in the field of writing. Some eat, drink or use drugs when stressed; I write.

Some people are so wasteful with their money until they don't realize just how much of their income is secretly flushed down the drain each year. The last thing anyone should want to do is create debts or waste money on everyday desires and wants. But Americans waste thousands of dollars. Before they know it the monthly bills quietly sneak up and there’s not enough money left to cover their expenses.

Just about everyone is working within their own set of constraints. The ability to have self-control and maintain your emotions and behaviors is typically called willpower. When you know something is restraining you from living with awareness, understanding the purpose of self-control can be essential for your health and happiness.

Although you may not see overspending as a total waste, purchasing an extra item here and spending additional dollars there makes costs add up rather quickly. The smarter approach is to know where your money is going and how to enjoy it the most, reducing the purchasing desires.

There’s nothing wrong with purchasing small luxuries and tiny treats, but when you buy them constantly and unconsciously, it’s time to know how to stop the most common wallet-draining spending habits so you can begin keeping more of your money in your pocket.

Find out about the biggest money-wasters in this article and take the time to understand. You work hard for your money. Why waste your check on things that don’t give you pleasure? When you are over shopping, piling up too much stuff, it is common for you to buy the same item twice, forgetting that you already purchased it before. The unfortunate result is recklessness and less satisfaction. It’s time you learn how to stop secretly flushing your money down the drain.

If you are a person who spends money carelessly and recklessly, here are five questions you should ask yourself.

  • Why am I so careless with my hard-earned money?
  • Why am I throwing away money that can be put to better use, especially since it didn’t bring me joy?
  • Why don’t I take the necessary steps to make sure I don’t secretly flush my money down the drain?
  • How do I stop overspending and take the necessary steps to respond accurately to every desire as it arises?
  • How can I set goals and build a budget?

Too many people spend money they buy things they don't impress people that they don't like. --Will Rogers

I’m not saying spending money is a bad thing – its purpose is design to use, and it’s important to have self-discipline. Who doesn’t want to save money on a good sale? Besides, a deal attracts us to shop. However, if you would take the time to think, I’m sure you’ll realize that a sale is something to entice you to spend a lot of money. Offering a discount price is the retailer’s way to attract new customers. But the key message is they don’t give away anything. The flash sales offer is there mainly to encourage loyalty and take your money away.

Reason You Are Overspending.

It’s no secret people spend money for many reasons. Some are not at all uncommon. Although the biggest issue is poor decisions, wants, and temptations. It is the poor decisions people make that secretly flush the money down the drain makes it easy to spend money, but saving money is so hard. Although, most times, if we’re just honest with ourselves, we can avoid making the mistakes that contribute to overspending. Three reasons people overspend:

  1. Shopping and Not Tracking Your Spending Habits: Most of us know the importance of keeping track of our finances and spending habits, yet we choose not to trace our income and live beyond our means. When you have that behavior, it doesn’t matter how small or large your income, you’ll never be in control of your money. However, if you track your expenses, daily it can help you get your finances under control. You will know what’s coming in and where your money goes each month.
  2. Paying with the Credit/Debit Card Study shows that people spend 15% more whey they use a credit or debit card over paying with cash. When a person spends cash, they miss the money, but when they shop with a card, they could overspend because it feels like using someone else’s money.
  3. A lack of self-discipline. Self - discipline is a crucial requirement to make good decisions. A lack of it means it’s hard to resist the attraction that comes with impulsive spending. Self - discipline requires effort, inner strength, and control. For that reason, most people don’t have it.

With self-discipline most anything is possible.” --Theodore Roosevelt


According to an online survey, over eight of ten Americans admit to wasting money, and in many circumstances, this useless spending isn’t just a few dollars, it by a large margin. If you are wondering what are the seven highly unnecessary expenses people waste money on everyday read on.

  1. Small-dollar purchases: like cigarettes, energy drinks, coffee, and bottled water. Small spending can add up to big money before you know it. If you would take the time to reflect and see how mindless spending can cause a drastic loss of income.
  2. Eating out expenses: People waste a lot of money on eating out, there are a lot of fast-food places where all you have to do is drive a short distance to find one. It’s expensive to eat out, purchasing food for breakfast, lunch, and dinner can add up suddenly and cause the bank account to reduce quickly.

  3. Junk food: it is highly processed snacks that are the worst foods to eat and need to be cut out of your diet. It’s bad for your health, comes with a lot of calories, and put a lot of weight on the hips. You should avoid junk food because it increases inflammation in the body as it drains the wallet. It is utterly delicious, soothing, only it isn’t necessarily healthy to eat. The truth is many of us feel compelled to eat junk food. It is a diet high in fat, sugar, and salt that will tilt the scales of your income in the wrong direction.

  4. ATM / Late Fees: Some people use their bank cards at any ATM. Using your card at an out-of-network machine will cost you a high charge of $4.57 per withdrawal. To prevent paying a bank fee ever again, look up your branch locations online and use your bank ATMs. If there aren’t any convenient ATM options in your area, open a checking account with a more accessible bank. Like ATM fees, late fees are a useless waste of money. If you want to avoid unnecessary late fees that will add up over time, set up automatic payments online. It will prevent late payment that will lower your credit score and put a strain on the wallet.
  5. Cell Phone Extras: Some people load their cell phones down with unnecessary charges that they don’t need. You pay enough in fees and taxes that are included and there’s nothing you can do about it. On average, you pay around $225 per year for wireless service charges. To make sure you don’t overspend, a low-cost cell phone plan is more suitable. All you need is one phone line with unlimited talk. To add on extras is a waste of your money.
  6. Overdraft “Protection” Fees: overdraft protection fees cause money people do not have in their accounts. It’s a waste of funds because the bank will charge a fee and you pay interest on the overdraft until it’s paid in full.
  7. Over Priced Cable Bill: There is no need to pay a high cable bill, it’s a waste of money. More and more people are removing the cable from their home to switch to fire tv speed sticks, wireless TV antennas or enjoy watching television through Netflix or Hulu.

This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.

© 2019 Pam Morris


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    • Isivwe Muobo profile image

      Farrah Young 

      2 months ago from Lagos, Nigeria

      I am guilty of a few of these unnecessary spendings: junk food, atm late fees and cell phone extras spending and this post just opened my eyes to the need to cut down.

      Thanks for this.

    • mtkomori profile image

      Takako Komori 

      10 months ago from Yokohama, Japan

      Very informative, thank you for pointing out the unnecessary expenses all of us are likely to "fall back" on!

      I keep a record of all of our spendings (living expenses) and add them up at the end of the month. At one point, I found out that going to Starbucks once a week for a matcha latte added up to quite a bit.

      Now that the sales tax has gone up in Japan from 8% to 10% since October 1, 2019, we have to be even more careful of our spendings! It actually costs less to take food out as opposed to eating in a restaurant. The former has an 8% sales tax added, whereas the latter is 10%. This applies to the EXACT SAME meal. So if you want to spend your money wisely, it`s pretty clear which one is an appropriate option.

    • poetryman6969 profile image


      10 months ago

      good advice. Thanks!


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