3 Unnecessary Monthly Expenses That You Can Avoid

Ignoring small expenses is easy but they tend to add up to a lot over a period of time. In fact, a lot more than you can imagine.

Most people don’t understand why their financial planning goes out of the window but this can be due to the small expenses that you don’t think about from month to month.

That said, here are 3 small (but unnecessary!) monthly expenses that you should watch out for:

#1: Subscriptions

While the cost of $30 might not seem much for a monthly subscription of a magazine, do you even read the magazine, month after month. Sometimes you can get the information for free looking for different sources from the internet and not just online portals that you have to subscribe for as well. Of course, this small expense can really add up over the months and can turn out to be a regular expense as well.

#2: TV and Phone expenses

TV, cellphone and internet expenses are really hitting the roof. While you can get 500 channels, you might not watch all of them. Also, a prepaid cell phone account can save you a lot of money while you might just be paying way too much for data usage on your smartphone. You can easily reduce costs in these areas.

#3: Credit card interest

While credit cards might not seem all that bad, the truth is that it can get your into a lot of trouble especially if you’re carrying around a balance, thanks to a high rate of interest. In fact, you might end up paying three times over because of the interest that accumulates over time.