7 Money Saving Mistakes Some saving methods aren’t as helpful for our bank accounts as we think. Insider spoke with financial experts and discovered what investments may be doing
more harm than good. 1. Buying in bulk: Items can go bad before you use them, meaning both food and money are going to waste. 2. Signing up for cash back credit cards: As soon as you miss a payment, high percentage rates can cost you hundreds of dollars. 3. Having an unlimited cell phone plan: The average user doesn’t use enough data, talk or text for an unlimited plan. 4. Consistently buying the cheapest brands: You’ll have to spend more money to replace the low quality items. 5. Signing up for multiple subscription services: Over time, you may overcompensate and be charged for services you aren’t using. 6. Buying more to achieve free shipping: You waste more money buying extra items you don’t need. 7. Shopping at sales for companies going out of business: You pay more since most businesses raise their prices and later stamp a sale tag on them.