I think the number one thing for *most* people is paying for a traditional, wired phone. Seriously, why does anyone need one anymore. Landline free since 2000.

This is truly a stretch for me! Wasting money?!? That’s not the message that I want to send to the Universe my friend! Wow. Okay. I’ll give it a shot, but I gotta stick to the beat of my own drummer here … for self preservations reasons!

Q1) What is the best way to waste money on a daily, monthly, yearly bases?

A) Tighten up your purse strings immediately … because we’re in a recession you know … and make all your buying decisions strictly based on price … that would be a total waste, because the rest of the world will receive the message that they’d just be “wasting” THEIR money by buying YOUR products and services. Why should the world give you money, if you’re not going to pass it around? Clearly, that ‘s a wasteful money management strategy.

Q2) What purchases tend to be the biggest waste of money?

A) Any purchase that you make because you love, love, love whatever it is, and then beat yourself up for the next year because you spent the money. It’s not about the money. It’s about using money in ways that bring you joy!

Q3) What fees tend to be unfair and lead to wasted money?

A) I’m going to go with: What are legal fees, for $1,000,000 Alex. Although, who am I to say that they’re unfair … but I’m not into litigation.

Q4) What is a quick way to increase debt?

A) Keep on focusing on the debt, talking about the debt, making decisions based on the debt, loath the debt, forget all about why you spent that money in the first place, and what it allowed you to do, and basically put all your intention and energy into debt … and what do you get? More DEBT!

Oh my gosh – I think I need to go shopping immediately!

This was fun Alex – thank you!

Erin.

Erin Thoms Melnick
Modern & Millions
http://www.crosscountrytour.com

Buying DVDs.. Just rent them.

Renting DVDs for too long – just bring them back the same night, saves you another payed day. When i rent dvds, for three of them usually i save 4 Euros.

Monthly:
Paying high rates for Credit Cards or unbalanced Bank Account
Been there, done that. Last year i paid 100 Euros just for that matter. Never again!

Yearly:
Here in germany we have health insurance provided by the country. Every company does have to give you the same service, but they all take different monthly charges. Rates vary about 4-5%, reaching several hundred Euros per year..

I love my site redesign too. It makes it easy for me to share lots of great content with my readers . . .

Take care my friend

Mr Positioning (Stanley F. Bronstein, Atty, CPA, Author and Professional Speaker)

This may not be as applicable in other parts of the world, but in the U.S. there are generally lower restrictions on bottled drinking water than there are on tap water. On top of that, big-name bottled water (Coke’s Dasani or Pepsi’s Aquafina) are bottled from “municipal sources” anyway. Filtered tap water.

I happen to live in Michigan, (largest source of fresh water in the world, and some of the best tap water) and I laugh any time I see someone buy a case of bottled water. Convienence factor or taste, I still think it’s a waste of money.

I always have to poke back at people who always say never use a credit card. There’s a big difference between carrying a balance and paying interest versus paying your balance off in full every month and earning cash back. Never use a credit card IRRESPONSIBLY.

When you say “best” ways to waste money, that can be taken 2 ways. Do you mean, that sarcastically, in that “best” really means worst”? For example, I personally think one of the best / worst ways people waste money these days is to go to Starbucks once or twice a day. I have seen many clients / employees who are making no more than $10 per hour, yet they manage to give Starbucks $10 per day to feed their desire for coffee. The funny part is that, when you ask them, they say the coffee really isn’t that much better.

If you want to save some money (which is important these days), pick a lower cost alternative, such as Dunkin Donuts or McDonalds.

Mr Positioning (Stanley Bronstein)

Buy every eBook you find on the web. It’s only $9.95, right?

Be sure to choose the monthly subscription option for all of the magazines, ezines, newspapers and membership sites you visit.

Never plan ahead. You can always buy your way out of a problem.

1) The best way is to spend it on those machines where you try to grab one soft toy among the hundreds of other silly looking ones. You lose a dolllar everytime, you get stressed up and sometimes the game is rigged!!!

2) Self-help books that you i) don’t finish reading but keep buying more of ii) just read, underline but don’t take action on

3) The 35% surcharge on taxi cabs in Singapore!

4) Sign up for all the credit cards in the world, live like a millionaire and wait for the interest rates to kill ya!

Haha! Good release of stress this! Anyway, I’m actually writing on “21 Secrets of Self-Made Millionaires” currently.

I talk about how I managed to get my cashflow from -20% to a +20% in just 4 months in this post.

To CANI,

SaiF
The World’s First Teen
Personal Development Video Blogger

1. Buy a new outfit every time you go on a date-”He already saw me in everthing else!”

2. Buy groceries daily rather than weakly-”I’ll just stop by the sotre on the way home while I’m hungry to grab something for dinner”

3. Purchase a gym membership and never use it- “But I have it just in case I want to workout”

4. Shop online at QVC or HSN- “Great product but how many lotions, potions and gadgets does one really need?”

5. Driving to work alone rather than car-pooling or taking public transportation-”I just can’t share my drive time space with other people even though gas is well above $3 a gallon”

Do all these things and by the end of the work week you too can be broke!