Five Money Saving Myths

Veuer's Elizabeth Keatinge tells us about five money saving myths that may be costing you more than you think.

Transcript

00:00You may think doing all your shopping at Costco is cutting down on grocery expenses,

00:05but you may be buying more than what you need.

00:09Do you actually want that giant container of granola?

00:12Is the annual membership fee worth it?

00:14Compare with your local grocery store to see if it makes more sense to purchase some items there.

00:20You may think heading to the doctor or dentist is expensive,

00:23but you know what really is?

00:25Treating a medical problem when it has progressed so much that it requires a procedure or surgery.

00:31Credit cards are not a blanket fad.

00:34If you pay off your balance in full every month,

00:36you can build a strong credit score that can help you qualify for things like renting an apartment or buying a car.

00:42Owning a home may not always be better than renting.

00:46Consider hidden costs like maintenance and property taxes,

00:49and whether you plan to stay in the home long-term.

00:52Buying a latte won't necessarily kill your big financial dreams.

00:57If you're sticking to a budget, saving and investing,

01:00a solid financial plan can't be derailed by some caffeine.