Most common ways Americans waste money

Photo Credit: MGN Online

SPRINGFIELD, Mass. (WWLP) – Tax season is a time when a lot of Americans breathe a sigh of relief. With a little extra money thanks to the return, there’s a chance to catch up on bills. But it’s your hard-earned money; spend it wisely.

If you did some taxes yourself, you may have already missed out on some money. According to H&R Block, the average self-filer leaves more than $400 on the table. 22News is working for you to identify some other ways you may be wasting your money.

Start at home: According to Energy Star, you could cut your costs by a third by heating and cooling more efficiently, unplugging, and turning off lights. And call your cable company to see if there are current offers that could lower your bill. Then there are the little extras on the go, that add up week to week, like coffee and lottery tickets.

“I’ll stop and I’ll buy food at the drive thru. I’ll buy food to take home on Friday nights. I do think I waste a lot of my money. I don’t really feel good doing it. I’d rather not do it,” said Dawn Faniel-Hall from Springfield.

Then there’s that gym membership you pay for each month; how often are you going? And money sitting on gift cards in your wallet, plus digital deals you just couldn’t pass up.

“Gift cards. And I go on Groupon and they advertise so well. Here’s 50 percent off on this restaurant. Next thing I know, three months later, it’s expired and I never even went,” said Daniel Dubovy from Chicopee.

By keeping a closer eye on your spending, and perhaps just cutting back on one or two expenses.. you could notice a big difference.

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