How to Quit 10 Bad Money Habits That Rob You Blind

Buying retail

Paying retail markup is like setting a match to a pile of cash. Smart buyers find ways to avoid doing that.

For example, a new car’s value drops fast the minute you drive it off the dealer’s lot. So, buy something gently used instead.

One caution: There are things you should never buy used, including:

• Pet food
• Blenders
• Hats
• Mattresses
• Underwear
• Swimsuits
• Vacuum cleaners
• Stuffed animals
• Tires
• Software

Build a better habit: If you feel pressured to keep up with your friends or neighbors, ask yourself what that’s costing you. Stay out of malls and brand-name stores except when researching products. Read up on prices online so you know a good price when you see it.

Shop at wholesale clubs and bulk stores, garage sales, consignment stores, thrift stores, online auction sites and classified ads. You’ll find especially good deals on used cars, refurbished electronics, jewelry, furniture, housewares, clothes, tools, books and sports equipment.