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10 Bad Spending Habits You Should Avoid

As the saying goes, “ignorance is bliss” but when it comes to spending money, ignorance will only shelter you for so long. Someone who spends money irresponsibly and in an unsustainable way will eventually find themselves in debt, which in turn can lead to a load of problems.

For example, you may find it difficult to get yourself a mortgage or a loan, or even a car lease. In some cases, employers may even check your credit score which can be low because of unpaid debts to credit card companies or other lenders.

If this sounds like you, it’s time put a stop to any bad spending habits.  This is a list of ten that could go a long way toward improving your situation.

1. Eating Out and Ordering In

This is a common habit that people have. The reality is that if you are not cooking at home then you are probably spending way more money than you need to be.

Buying groceries is simply cheaper than eating out.  Not only that, but we have a guide for how you can save money on groceries that can help you double down your effort to curb bad spending.

2. Clothes Shopping

Are there clothes in your closet that still have the tags attached? If so, then it’s time to put the brakes on clothes shopping until you truly need to buy something.

3. Smoking

Smoking – whether if it’s with traditional cigarettes or if it’s e-cigarettes – is a seriously dangerous habit that can affect both your health and your wallet.

4. Drinking

It doesn’t matter if you’re just a casual drinker, even going out occasionally with friends to the bar can end up costing you.

5. Coffee

How many times a day do you buy coffee? Instead, make yourself coffee at home and bring it with you to work or wherever in a thermos. 

6. Streaming Services

Netflix, Amazon Prime, and Hulu, are all examples of television streaming services that you may have subscriptions to. Ask yourself if you can live without these services in order to cut down on monthly costs.

7. Gym Memberships

How many people sign up for the gym but never attend? If you’re not using your membership, then it’s time to quit and cut your losses.

8. Electronics

Do you really need the latest smart phone, or can you live with the one you currently have? It’s time to start appreciating what you have and avoid unnecessary purchases.

9. Hobbies

It’s nice to have hobbies, but not when they are cutting into your monthly budget. Consider choosing an inexpensive hobby that won’t require expensive purchases or memberships.

10. Impulse Buys

This can be anything from a small purchase of something you saw while standing in the check-out line, to a large purchase like that brand new TV you’ve been wanting for a while. It’s time to stop buying on impulse and instead buy only what you need or what you’ve properly budgeted for.  Ultimately that’s going to save you money.

Start Today

It’s never too late to break bad spending habits. Just be conscious of every purchase you make – break the veil of ignorance, and be accountable for your decisions. With the right attitude and some patience, you’ll eventually start to see healthy improvements to your finances.

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Erin Thompson

Erin Thompson spent years managing her own blog about budgeting and debt. Because of that, she has great insights not only about managing spending and borrowing but also about running websites profitably. When she's not writing articles for us, she's traveling and looking for new types of wines to try.
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The content on is for informational and educational purposes only. It is not financial advice and we are not certified financial advisors. strives to keep its information accurate and up to date, but it may differ from actual numbers. We may have financial relationships with companies listed on our site. We may receive compensation for the placement of sponsored products or services. We work hard to write authentic and accurate articles.