You may not think that $2 a month is a big deal – but add it up and it quickly becomes $24 a year. It’s the same for other expenses. When it comes to money, underestimating may have painful consequences in the future. If you don’t want to have financial headaches, often the best solution is to plan ahead.

But what if you’re already facing debts? Don’t worry – every problem has an answer. For people who filed for bankruptcy for instance, they can rebuild their financial lives again by simply weeding out bad spending habits.

You might contact Montgomery bankruptcy attorney for bankruptcy assistance.

Whether you’re a newbie in money or a pro investor, take a look at these top money wasters to figure out which one may be yours.

5. Communication and Mobile Plans

Little things like quick calls or even SMS can leave holes in your pocket if you’re not careful. But if you do the right research, you’ll see that there are modern ways to avoid paying excess when it comes to telecom. Apps such as Skype and Viber for example, allow users to make calls, send animated messages, and even do video chats for free. You can avail of their service as long as you have either Wi-fi or mobile data enabled.

If you’re on an expensive monthly mobile plan, re-evaluate the services and check which ones you really need. If you’re more into calling than sending an SMS for instance, you can forego their SMS bundle and just stick with calls. Don’t forget to ask your provider for discounts or promos for family packages.

4. Eating Out

What does this include? Take-outs, fancy dinners, and even that Starbucks latte can be considered as an ‘eat-out’ luxury. To truly gauge your spending, track your eating habits for three months. Note the difference. That $10 a week binge on your favorite take-out pizza may seem like nothing; but remember, it adds to $20 a month AND $240 a year. Imagine what you can buy with those.

Try eating at home more often OR look into food saving tips online. There are plenty of folks who wish to eat healthy on a budget, just like you. Aside from freezing leftovers and buying from a farmer’s market; there are a dozen other tricks to boost dinner night (on a dime, too).

3. Insurance You Don’t Need

This one is tricky. You may need to consult a lawyer or financial expert regarding this one. But as a general rule, you must evaluate your policies constantly so you’ll know if it’s still something you NEED. Pet insurance is a good example. While there are people who claim that they can’t live without it, you’ll be glad to know that there are over a hundred ways to make sure your pet is safe.

For your pet’s needs, you can always go online for coupons and freebies. As for vet fees, local clinics often offer customers (especially loyal ones) discounts to basic services. Don’t be afraid to ask! Remember: if you don’t inquire, no one will tell you.

2. Other Services

When was the last time you used your gym membership? Or how about that magazine subscription? Some people are so accustomed to having these miscellaneous expenses around that they don’t notice the figures adding up. If you really want to keep them, make sure you get your money’s worth. So go to that gym and read your magazines. Otherwise, it’s best to cancel them.

1. Impulse Buys

Who’s not guilty of this at some point? Everyone has an impulse buy at least once a year. But make it a habit (like once a month), and you may find yourself looking at triple zeroes. One of the best ways to combat impulse buys to make a list – and stick to it. As much as possible, don’t shop when in a hurry, or when hungry.

Impulse buys are a bad idea not just because you’re throwing away money, but because the stuff you buy often ends up unused. So by avoiding (or minimizing) them, you’re doing your home a favor.

If you’re guilty of one or more of these, don’t despair. Keep in mind that acknowledging the problem is always the first step. Now that you know what bad money habit you have, it’s all a matter of practicing a little discipline.

Deficits & Debts: Crash Course Economics #9