5 Ways You're Wasting Money, Not Saving It

One of the most frustrating aspects of trying to save money is when you think you are saving, but in reality you're wasting money. This usually happens when you have made bad assumptions when making a purchase or you haven't analyzed the true costs of a purchase.

Here are five common ways people waste money when they actually believe they are saving it:

1. Buying gas at the least expensive gas station.

While this would seem obvious, the problem occurs when the least expensive gas station is a few miles off your regularly traveled route. If you are driving across town to save a few cents per gallon, the cost of driving to get the better price will negate any savings the cheaper gas price provides. ...