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Money Tip: Waste Less by Setting Limits

Numbers have a powerful way of providing shock-value, and that's what M.P. Dunleavey for Good Housekeeping was going for when she told readers how much it takes to waste $10,000 a year — just $27.40 a day. Little purchases here and there can add up to a much bigger amount, so the best way to get a grip on what you're spending is to hold a magnifying glass up to the big picture.

Dunleavey tested free money management sites and and preferred Mint for its customer-friendly system. After you've plugged in your account information, the site allows you to view recent transactions and breaks them into spending categories. You're even able to set spending limits for yourself — following a budget really has never been so easy, and getting a reality check on what you're spending should help limit the amount of money you waste overall.


oreo89 oreo89 9 years
I'm with kendraolsen- this makes me profoundly uncomfortable.... any thoughts?
dcfashionista dcfashionista 9 years
I just signed up for mint.
kendraolsen kendraolsen 9 years
Is it safe to enter in your bank card info on sites like I'm just petrified about identity theft...
ilanac13 ilanac13 9 years
if you think about it - it's sooo easy to waste that kind of money too. every day that i go and buy a coffee at starbucks i stop and think about how it equals $15 a week - and that's $780 a year - and that's just way too much. think of what you could do with $780 right?
SomethingWicked SomethingWicked 9 years
My hubby-to-be and me were just talking about this the other night....thanks for the info!
chocolatine chocolatine 9 years
"how much it takes to waste $10,000 a year — just $27.40 a day" No sh*t, Sherlock.
Lovely_1 Lovely_1 9 years
hmmm this is one of those reason's why I don't eat out for lunch everyday like most people in my office. It jsut seems like a HUGE waste of money to me!
death-by-chocolat death-by-chocolat 9 years
My husband and I just started a budget. We have a chart with all spending categories (i.e. "home entertainment", "gas", "health products", "personal care", etc). We have an allotted amount we are allowed to spend in each category per month or per week. The a weekly version of the budget chart is on the fridge, so whenever we come home we write in what we bought and tuck the receipt in the envelope next to it. It is fun because my husband knows he has an 'allowance' of sorts, and he'll go check how much he has left to spend if he is wanting a new video game. We're saving over $2k/month with it.
hithatsmybike hithatsmybike 9 years
I do the same thing with Spendji. It's depressing to learn how much I spend on coffee & eating out..
zabrow zabrow 9 years
i use mint & i love it!
meggles114 meggles114 9 years
I just discovered about two weeks ago... I am obsessed with it. A strange thing to be obsessed with... but yes, obsessed none the less. LOL
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