The Top 5 Things You Are Overpaying for Right Now

If you want to preserve wealth you need to stop overpaying for things! The more money that you are able to keep and save, the more money you will have to put toward retirement. You regularly overpay for things and you probably don’t even know it. It may be paying fees on credit cards or paying too much for your electric bill. Here are the top five things that you’re probably overpaying for right now.

The Car

Buying a new car is a huge financial mistake when it comes. As soon as you drive that car off the lot it depreciates. The fix: Buy a certified used car that allows you to have a car that is almost new but doesn’t come with the higher price tag.

Utility Bills

Utilities are expensive. However, most utility companies have the monopoly on an area and don’t allow you to choose your provider or they raise your bill without you noticing until it’s too late. The fix:Billshark. Just upload photos of your utility and/or phone bills to their app (link), and the sharks will negotiate on your behalf to get your bills lowered. Easy and effective!

Car Insurance

Ever notice how your car insurance premiums creep up over time? You might just be paying too much for your car insurance! Don’t always just assume you’re getting the best rate. The fix: Price comparison websites. You know those websites that compare all the prices of insurance to save you money? Well, these sites are really effective. By switching to a different insurance company, you can sometimes save up to 15 percent off your total costs. Bundling your houses, cars, recreational vehicles and other policies together can save even more.


Feeding a family of four has an average cost of around $1,200 a month. The fix: Price matching. Most stores will honor other competitors’ sales prices. You can shave your budget by nearly a third if you simply shop wisely. Using coupons and buying sale items can increase the savings even further. Never impulse buy or go to the store hungry. Go armed with a list and watch the savings add up.


Gas stations have a pattern that they follow and they always lower the gas in the middle of the week. When it gets towards the end of the week, they increase the prices for the weekend. The fix: Fill up your car on Tuesday instead of Saturday and save a great deal. To test this theory, watch the local prices of your gas stations as they go up and down. By learning the trends you can shave a decent amount of money off your transportation costs.

There are numerous things that people pay too much for, these are just the top five! By evaluating your finances and making some changes, you can have money to put into savings with just a few easy fixes!

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