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7 Reasons You Keep Overspending

7 Reasons You Keep Overspending

The other day I woke up in the middle of the night and immediately groaned. Why? Because I remembered that I had missed making a bill payment online and now I was going to get hit with a hefty late fee.

I’m sure we have all done this more times than we care to admit, and we always promise ourselves to never do it again. Unfortunately, over time it adds up BIG time and then we wonder why we overspend.

So today I’m sharing 7 reasons you keep overspending and how to prevent it. Because sometimes it’s the small things that wreak havoc on our finances.

1. You don’t have a budget

Not having a budget is like trying to walk with a blindfold on. Yes, you may be OK at first, but eventually, you’re going to stumble.

Take the time each month to go over your finances. List your income and expenses then determine what you need to adjust and take action.

It takes time, but soon enough you’ll see that your efforts are paying off and you’ll be less likely to overspend. Remember that “failing to plan is planning to fail“.

2. You use the ATM

I know it’s convenient and at times necessary. But realistically, how often do you go to a no-fee ATM? I know I rarely do, so each time I go to withdraw cash I’m paying a few dollars for the transaction.

According to ATM Marketplace the average ATM fee is $4.13. If you do this three times per month for a year, it will cost you $148.68!

Instead, go to your bank to withdraw cash or request cash back when checking out at a retail store. There are no fees for either option.

3. You don’t pay attention to due dates

This one always gets me. I pencil it in and even set up alerts, but if I’m busy at the moment, I wind up forgetting. So in the end that free trialt winds up hurting my pockets.

Since I know that I have a lot going on, I ask my husband to remember and set up an alert on his phone. That way I’m not missing bill due dates (set up automatic when possible!) or forgetting to return library books on time.

4. You buy things on impulse

You’re out having a great time with your family at the park. You decide to head home when someone mentions what a great day it is for ice cream.

Instead of going home you head to the local ice cream shoppe for some frozen goodness. Sound familiar? I’m not opposed to a treat here and there, but it can become an issue when it happens all the time.

An overpriced coffee here or an ice cream there will soon add up (especially if you have a big family!). So set aside “fun” money when you budget and keep the impulse buys to a minimum.

5. You drive unnecessarily

You head out to pick up something you need from the grocery store. Later in the day you head back out to go to the post office. Then you remember that you need to go to the pharmacy so back out you go.

I drive a large SUV so I’ve had to learn how to make the most out of my errand runs. Before I head out I make a list of all the things I will need and make all stops in one run. Gas prices are not cheap today so make the most out of every trip you take!

6. You don’t take inventory

You have an unopened bottle of ketchup at home, but wind up buying another one because you failed to check your pantry before heading out to the grocery store. This is just one of the many ways we wind up spending more money than we should.

It can be anything from groceries to household products. While I’m planning meals or heading out to purchase anything we need, I take inventory first so that I’m not spending money unnecessarily.

Always make sure you check out what you have at home first before wasting your hard-earned dollars on duplicates.

7. You pay for convenience

Everything that’s convenient cost more. When you can’t cook and go through a restaurant drive-thru, you’re paying more than it would cost you to make a meal.

You don’t want to take the time to wash your own vehicle, that’s fine, but again it will cost you more to take it to the local car wash. Unless it’s something you absolutely can’t do yourself, try to figure out how you can obtain similar results on your own.

We recently save hundreds of dollars because my husband replaced a part in our SUV by doing it himself with some help from my brother. It took them a bit more time, but they achieved the same results that an auto repair shop would have given us (minus the hefty bill).

Did I miss anything? What are some habits that cause you to overspend? Please comment and share below!

Check out more money-saving tips!


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  1. Ashley Z. says:

    I do all of these things!!

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  5. Nan says:

    What good tips you have here. My problem is that my husband always needs either fuel or auto misc. Why must we fill the tank every time we go out. I guess I need to learn to just say no and stick to that budget!! We are retired on social security and sometimes it’s really hard to say no when most of the income was his. lol Any suggestions. We do eat out sometimes but I get deals from lots of online sources. Who can say no to a 25$ coupon for $1.60, not me. I buy most of the odd items ( printer ink, gifts, etc. from eBay “buy it now” for a good price and always do free ship. No online purchases without it from any site!! I grocery shop once a month, so I do miss some sales but I do ok., I can my garden, make my own from scratch food items too. It’s that daily lotto ticket that has to be gotten that takes up the fuel. My husband has high hopes!!! We camp at least once a month in summer at half price of course since we are seniors, and have a lifetime pass to all of the “Corps Of Engineer Parks” nationwide. We buy all our clothes at yard sales, as well as home misc. too. We hit the thrift shops especially Goodwill, and “Habitat For Humanity” store for household items. We just spend too much on gas, maybe it’s just me I don’t know. Got any tips on h w to save money on fuel.? The reward cards seem to be somewhat of a joke to me. Thanks for you post and Keep them coming.

  6. Ashley Z. says:

    Thanks for sharing this!! It really helped me!

  7. l u cy says:

    Here are afew things I do. Use cash (allowance) PASTIN it on the PLASTIC on an everyday basis makes us forget how all the little stuff adds up, also I use a seperate debit only account to do online shoping. When I want to puchase on line, I give only that account info, hit spend and then transfer what is needed int to the low balance accout. Anyone wants to steal from me can only get a f few dollars. I call it my shopping acount. Last but not least, I don’t make hurried purchases

  8. Tekea says:

    Another reason is many people fail to shop their own wardrobe. How many time have you have “nothing to wear” when in reality you just haven’t looks at your entire wardrobe in a while. If you frequently sort through your clothing you will have a more accurate view of the clothing you should keep, get rid of and things you need to replace.
    That. Is. All

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  11. I have learned the hard way that my impulse buying can get me in trouble. How did I fix it? I choose to stay out of the stores!

    • I too have the same problem! I need to stop that. I plan a budget, but then completely avoid sticking to it!

  12. Great post! I found you on the thrifty Thursday link up:)

  13. Getting too busy to keep an eye on our accounts has cost us money. I’ll change things to pay for something big, and forget to change it back because I got busy with family stuff.

  14. These are great tips. I’ve been practicing Dave Ramsey’s financial tips and have been chipping away at debt. It’s so hard to stick with a budget and i’m not perfect, but it helps!

    Convenience is my biggest money sucker. I eat out way too much whether that be with friends, lunch at work, or just going for the more expensive organic produce. I don’t mind spending more on stuff that is good for my body, but if one wants to do that it means she actually has to make her meals and save money rather than spending $10 on lunch every day 🙂