This article on MSN Money details the various ways in which we literally waste money. Personally, I waste money through library fines, food spoilage, buying more clothes than necessary (my wife actually), not sending in mail-in-rebates etc.
Ever notice how city council increases late-fees on library items every year? It is a nice increasing revenue stream for the local government and they can rightly blame us and get away with it!
The article mentions that we waste about 10% of our grocery dollars through spoilage. Sadly, I think it is true with us and we have to do a better job on managing the fridge inventory.
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2 responses so far ↓
1 MyMoneyBlog // Jan 9, 2005 at 5:29 pm
Wow, I thought I was the only one that lost 10-15% of the fridge to spoilage. I just threw out a ton of (rather pricey) fruits and veggies after getting back from vacation. I can’t believe green bell peppers cost US$1.50 each these days!
jonathan@mymoneyblog.com
2 Canadian Capitalist // Jan 11, 2005 at 10:27 am
Jonathan:
Like the article says, the main reason for so much spoilage is buying a lot of groceries and storing them. I think I should shop frequently (at least every week) and not buy so much at one time.
BTW, your blog is well written and insightful. Cheers!
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