Tag Archives: drinking

Habits That Are Costing You Money

Habits That Are Costing You Money

We all have a habit and habits aren’t always necessarily bad for our health or body. They can be a welcome indulgence during a stressful time or to help you relax and slow down. But when a habit is starting to cost a lot, they can end up becoming too expensive for what you can afford. Here are the habits that are costing you your hard earned dollar.

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Smoking

It’s one of the few habits that’s actually bad for your health, but it’s also one of the most expensive habits to have too. With the price inflation of cigarettes going up, the cost of them is more significant now than it was years ago. However, with the introduction of vaping, you can take advantage of giant vapes, which are a slightly cheaper alternative and possibly not as harmful. It might be worth a try if you’re a regular smoker.

Drinking

A lot of us like to drink, and it’s pretty much available at many social occasions or events that we find ourselves at. So it can be very hard to avoid, and once you’ve started, it can be very easy to spend a lot of money in the space of a few hours. Particularly if you live in a big city environment, the price of alcohol is going to be a lot higher than if you lived out in the sticks. If you can, try to drink cheaper spirits and avoid the cocktails as they are the priciest when it comes to the value you get.

Trips To The Coffee Shop

A lot of us will know the feeling of going into work, not quite awake yet and the thought of a coffee en route to work seems like the perfect opportunity to spoil yourself. However, you’ll probably find those trips have become a daily occurrence, and it’s quickly eating into your bank balance. Even though they are only small amounts, once tallied up, you’ll be shocked at how much you spend over the course of a week or month. It might be cost effective to get yourself a coffee machine at home with a reusable cup.

Beauty Procedures

The beauty industry has certainly become precedent in the past few years. Mainly brought about by the increase of reality shows and celebrities promoting beauty procedures to their followers. There’s also this need to perfect our looks and any insecurities that we may have that can be quickly zapped or cut away.

Eating Out Or Takeouts

One that we’re all guilty of is eating out or treating ourselves to a take out. And that’s fine in moderation, however, if you’re finding yourself eating out quite a lot, this can end up impacting your bank balance severely. Try to restrict the amount you eat out or order in and cook yourself. Offer to host social occasions and dinners in your home, and you’ll be saving everyone money!

Habits can become addictive, so it’s important to take control when necessary to ensure that you’re not spending beyond your means.

Tia, and TipsfromTia.com  is trying to keep you looking good and
feeling good, from the inside out. If you’ve got a problem or a tip email me! Be sure to Like and share on Facebook or Follow on Twitter or Instagram.

5 Things You Should Never Borrow Money For

5 Things You Should Never Borrow Money For

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There are times when borrowing money is a wise decision. Most people wouldn’t be able to go to university or buy property without a loan. Meanwhile, when it comes to emergencies such as pet treatment or fixing plumbing leaks, loans can also be an option for those that wouldn’t otherwise have the funds.

 

Unfortunately, there are also many times when borrowing money isn’t so wise. Here are just a few examples of things you should never get into debt for.

 

Clothes shopping

 

Personal treats such as clothes aren’t worth getting into debt for – and yet many people are all too willing to go on a shopping spree the moment they get a credit card. As soon as you start having to pay back your debts, you’ll immediately regret spending money on these clothes. Only buy personal treats with your own money so that you feel as if you’ve earnt them.

 

Going on holiday

 

Holidays can cost some families hundreds if not thousands. Few people have this money stashed away, which may make it seem like a suitable time to borrow money. However, a holiday is still a treat and you could similarly regret it afterwards once you start paying back the debt rather than looking back on it fondly. Always try to save up money for holidays rather than paying for them with a loan – look into the best online banks to find the highest interest rates and you may be able to save up more quickly. The only time you may want to borrow money for a holiday is if an emergency comes up and you’ve already paid your deposit and would have otherwise been able to afford it.

 

Funding a gambling habit

 

You should never gamble with borrowed money. If you lose, you’ll have got yourself into debt for no reason at all. Borrowing to fund a gambling habit could be a sign that you can no longer gamble responsibly and that should probably quit gambling altogether. Borrowed money should similarly never be used to fund other bad habits such as smoking, drinking or buying drugs.

 

Taking out a loan for someone else

 

If somebody else asks you to take out a loan for them, it’s probably because their credit score is so low that they can’t get accepted for a loan themselves. A poor credit score is usually the result of not being able to make payments on time – whilst this person may promise to pay back the debt, there’s no guarantee that they will keep to this if they’ve previously struggled with making payments on time. Don’t let other people drag you into debt and potentially ruin your credit score too.

 

Paying off debts with more debts

Taking out a loan to pay off existing debts can be done strategically – you may be able to consolidate lots of small debts with one big loan or you may be able to refinance a debt so that you pay lower interest. However, most people simply aren’t savvy enough to do this and so instead end up getting into a vicious cycle of paying off debts with debts and then trying to pay these debts off with more debts until eventually the overall amount due is huge. You’re best only paying off debts with loans under the guidance of a debt advisor.

Tia, and TipsfromTia.com  is trying to keep you looking good and
feeling good, from the inside out. If you’ve got a problem or a tip email me! Be sure to Like and share on Facebook or Follow on Twitter or Instagram.