<p><span>Convenience stores add a huge markup because they don't purchase food in large quantities. They make you pay more for the convenience they provide. </span></p><p><span><b>Unless it's an emergency situation, avoid shopping at convenience stores.</b></span></p>

Convenience Stores

<p><span>Using a cell phone plan that does not suit your needs, or paying for extra services that you do not use can be costing you money each month.<br></span></p>
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<p>Compare and determine which plan provides the most value based on your needs. Get rid of the extra features like text messaging and mobile internet if you are not using them.</p></div>

Cell Phone Plans

<p><span>Soft drinks have one of the highest markups of any restaurant item and thus provide lower value for your money.</span></p>
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<p><b>Dine out, but consider to rather opt for water.</b></p></div>

Soft Drinks at Restaurants

<p><span>If you don't know what fees your accounts are subject to, spend a few minutes finding out. </span></p>
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<p>Examine the rules governing your checking and savings accounts. Consider consolidating bank accounts to avoid unnecessary fees. </p></div>

Unnecessary Bank Fees

<p><span>If you like to pick up your favorite magazine from the local store, consider getting an annual subscription. <br></span></p><p><span>The cost of a couple of issues at the newsstand is enough to cover the entire annual subscription. </span></p>

Magazines

<p><b>Most people should not be paying annual credit card fees.</b></p><p><span>A host of Visa, MasterCard and Discover cards have no annual fee, yet many people pay $100 or more a year for the privilege of holding a premium credit card. </span></p>

Annual Credit Card Fees

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<p>Despite the benefits of putting some money away, most people take a passing interest in actually doing it. If you'd like to make regular saving a part of your life, read on to find out how to conquer the first step: finding that extra money.</p>
<p>You can begin by paying attention to these top money wasting activities.</p>
<p>Many people don't think about the markup they pay for convenience store items. Here's a hint: it's huge. This is because, unlike grocery stores, convenience stores don't purchase food in large quantities, and also because they make you pay more for the convenience they provide. So, unless it's an emergency situation, avoid shopping at convenience stores.</p>
<p>The premium you pay for convenience is not worth the assumed convenience you get. For example, a bottle of Coke at a convenience store might cost you around two dollars, while you can go to Amazon and buy a 12-pack for $16. If you tend to pull over for a drink, buy a 12-pack and keep it in your car. If you visit convenience stores often, the <a href="https://www.investopedia.com/articles/pf/08/fight-food-costs.asp">annual savings of cutting out these visits can be tremendous</a>.</p>
<p>Take the time to check your monthly cell phone bill - you may be paying more than you need to. If you are using fewer minutes than your monthly plan allows, switch to a lower-rate plan. If you are using more minutes than your monthly allotment, then upgrade to a higher minute plan.</p>
<p>Before making any changes to your plan, sit down with a list of your cell phone company's offerings and compare and determine which plan provides the most value based on your needs. You should also scan through your cell phone plan for added features like text messaging and mobile internet. If you aren't really using these features, get rid of them - they're costing you money each month!</p>
<p>This one is a sneaky money waster. Not only does ordering beverages along with a restaurant meal boost your total expenses, but soft drinks also have one of the highest markups of any restaurant item, and thus provide lower value for your money.</p>
<p>Consider a typical family of four that eats out twice a week at fast casual restaurants. Assuming an average price of $1.50 for a fountain soft drink, that totals $12 a week, $48 a month, $624 a year. Just cutting out this one item from your meal <a href="https://www.investopedia.com/articles/investing/100615/investing-100-month-stocks-30-years.asp">could mean significant savings</a> that could go into something much more productive, such as a retirement savings plan. If you invest $624 at a 9% rate of return year every year, you would have almost $32,000 at the end of 20 years. So dine out, but opt for water!</p>
<p>Many people unknowingly pay <a href="https://www.investopedia.com/articles/pf/07/bank_fees.asp">a lot to their banks in the form of fees</a>. If you don't know what fees your accounts are subject to, spend a few minutes finding out. Some banks charge ATM fees for using another bank's ATM, for example. These can be as high as $3! This amounts to a 15% one-time fee for a $20 withdrawal. The key with this type of fee is simply knowing about it. You would be better off using a credit card to make the purchase.</p>
<p>Go back and examine the rules governing your checking and savings accounts. Also consider consolidating bank accounts, as often one account with a larger minimum can eliminate numerous fees that might otherwise exist.</p>
<p>If you're the type of person who likes to occasionally pick up your favorite magazine from the local grocery store or newsstand, consider getting an annual subscription. Even if you don't want the magazine every month, the cost of a couple of issues at the newsstand is enough to cover the entire annual subscription. </p>
<p>Unless you have a <a href="https://www.investopedia.com/articles/00/091800.asp">poor credit history</a>, there is no reason to pay annual credit card fees. A host of Visa, MasterCard and Discover cards have no annual fee, yet many people pay $100 or more a year for the privilege of holding a premium credit card. Unless you're a wealthy, exclusive holder of an elite-level credit card with exclusive perks, most people should not be paying annual credit card fees.</p>
<p>And speaking of credit cards, make sure you make a payment on time every month, even if it's the minimum. Many credit cards charge high monthly late fees, charges which accrue interest along with your existing balance.</p>
<p>Spend a couple of hours and go over the above categories along with any other regular habits you may have accumulated over the years. The time will be well spent as it could mean hundreds of dollars of recurring annual savings.</p>
<p>Shopping at convenience stores, wasting money on magazines, and high credit card and bank fees are easy ways to waste money. Taking some time to go over your spending habits could be well worth your time.</p>
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Despite the benefits of putting some money away, most people take a passing interest in actually doing it. If you'd like to make regular saving a part of your life, read on to find out how to conquer the first step: finding that extra money.

Top 6 Mindless Money Wasters

Convenience Stores

Cell Phone Plans

Soft Drinks at Restaurants

Unnecessary Bank Fees

Magazines

Annual Credit Card Fees

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