Blog Post #4: How to Stop Wasting Money on Things You Don’t Need

Ever look at your bank account and wonder where all your money went? You’re not alone. A lot of people in their 20s waste money without even realizing it. Here’s how to cut out unnecessary spending and actually keep more of your money.

1. Identify Your “Money Leaks”

• Check your last 3 months of bank statements—what stands out?

• Subscription services you forgot about? Eating out too much? Impulse buys?

2. Create a “Pause Rule” for Purchases

• Ask yourself: Do I need this, or do I just want it?

• Try waiting 24 hours before buying anything over $50.

3. Set Spending Limits for Non-Essentials

• Use the 50/30/20 rule (50% needs, 30% wants, 20% savings).

• If you want to splurge, set a spending cap per month.

Cutting back on unnecessary spending doesn’t mean never enjoying life—it just means spending smarter. Want to learn more ways to save money? Read the full guide at www.growthmindsetsuccess.com!