Here is a list of the 25 biggest money wasters:

1. Lotteries
2. Buying a new car every few years
3. Anything that is “new and improved”
4. Credit Life Insurance
5. Investing on the advice of someone you have never met
6. Fancy Restaurants
7. Buying something on sale that you don’t need
8. Courses that teach you how to buy real estate for no money down
9. Optional cable television services
10. Investing in something you don’t understand
11. Life insurance for children
12. Spending vested pension benefits when you change jobs rather than rolling them over into an IRA
13. Boats
14. Credit card loans
15. Buying Property you have never seen
16. Gold cards
17. Lavishing expensive gifts on loved ones and friends – or on yourself
18. Driving to work alone
19. Lending money to friends
20. Holding on to investments for sentimental reasons
21. Sunroofs
22. Designer-label clothing
23. Low-interest savings accounts
24. Buying anything to keep up with the Joneses
25. TV Shopping

If you are trying to complete a budget to take control your money and save for your financial goals, then you can use this spreadsheet to help you calculate your monthly budget or you can purchase this budgeting software that allows you to track your budget over time. This program is inexpensive and very easy to use.

If you are looking to buy a home or refinance your current home and would like to apply for a mortgage, you can apply online here, or you can call me at 302-703-0727.

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713