90% of people doing 10% better is better than 10% of people doing 90% better
Things people should never buy and use
Things people should never buy and use

Things people should never buy and use

Things you should never buyWe spend a lot of money. It is fair to say that we are a consumer-driven society. So much so that we are always looking for new ways to spend this money. For example, since we couldn’t as easily spend our cash in stores during the pandemic, we spent it online.

Here are ten things that we buy that we definitely should not buy and use, and if we do, we probably will never use them.

1. Bottled Water

I understand the convenience of bottled water; the problem is that we went for generations without bottled water. If you need mobile water, it is simple to purchase a reusable bottle and refill it when you can. Also, remember that not everything you put in recycling ends up being recycled. Despite our best efforts, a significant volume of household recycling still ends up in landfills, or worse, the oceans of the world.

2. Extended warranties

The average industry payback for extended warranties is approximately 3%. What this means to you is that the profit margin to the store is 97%; in other words, you are only increasing the store’s profit, not giving yourself peace of mind like the salesperson probably told you. You are far better off spending a little extra time and money researching and finding a higher-quality product.

3. Organic fruits and vegetables.

Some organic fruits and vegetables are probably a good thing: many are, and many are going to separate you from your money successfully. The general rule is if you don’t eat the husk or the peel, you don’t need organic. For example, buy regular bananas, buy organic peaches.

4. Rags

Unless you are in the food services business, in which case you need to observe food safety rules and standards, you don’t need to spend your hard-earned money on rags. Use your odd socks instead of throwing them in the garbage; use the shirts that you might have grown out of as long as they are no longer donatable.

5. Supplement pills

Probably a good, solid multivitamin is okay. Most people would suggest that you get your vitamins and minerals from food.  However, there are many roadblocks to eating well: Expense, availability of seasonal fruits and vegetables, and even poor personal choices all combine to make it challenging to eat well.

That is, having been said, most other supplements are a waste of money. As the old saying goes, what you have are the ingredients for very expensive urine.

6. Premium Gasoline

Unless your car specifically requires premium gasoline and very few do, there are almost no benefits to using Premium. There may be a slight increase in fuel efficiency, but not enough to warrant the higher price. Side note, premium gasoline is the highest profit margin for the gas companies.

7. Credit Monitoring

Yes, it would help if you stayed on top of your credit, but you can do this once a year. Credit monitoring implies a long-term, ongoing credit check for which you will pay a monthly fee of $20- $50. Instead, deliver once a year about the same amount of money. Look to see what improvements they suggest, make the improvements and recheck the following year. Rinse, repeat and save a bunch of money.

8. Frozen Entrees

Many people spend money on these rather than cooking a meal; they save time and stress and are easy to prepare. The downside is that they are costly, nutritionally deficient, contribute to obesity, and raise blood pressure. These dishes are usually loaded with sodium and other unhealthy elements.  

Rice is deliciously nutritious and easy to prepare. Vegetables, raw or cooked, are easy to chop and serve, and hummus can be the foundation for a straightforward, healthy meal.

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