In a consumerist society like ours, we tend to be carried away by the latest trends. Whether it be in clothing or technology, they can often have a significantly high price tag that can far outweigh what they are truly worth. We’re covering nine overpriced trends that people often spend money on, but could be draining their bank account far beyond what they’re worth.
Fast Fashion
Clothes from trend-based fast fashion retailers may seem cheap at first look, but they are often low in quality and need to be replaced every few months. Save your money for classic wardrobe staples that are versatile and well-made, and shop at thrift stores when you want to update your look.
Smartphone Upgrades
Newer smartphone generations are often expensive, and a lot of people feel obligated to buy a new one every year. But if your current phone meets your needs, hold off a year or two before upgrading or consider a refurbished model.
Organic and Specialty Foods
Organic foods are somewhat healthier, but they also tend to be pricier. Specialty health foods can also exceed their actual worth. Shop for whole foods and cook from scratch. Make seasonal produce a priority; it is generally cheaper and fresher.
Luxury Skin Care Products
The beauty industry has no shortage of high-end skincare products that promise to work miracles. However, it’s better (and less expensive) to read about ingredients and choose effective products. And you’d be surprised to hear that many drugstore brands are equally and sometimes even more effective than the luxury brands.
Luxury Travel Experiences
Luxury travel may be enticing, but the price tag can be astronomical—especially for last-minute bookings. Instead, travel during the off-peak season, take advantage of travel rewards programs and explore options like vacation rentals or hostels as alternatives to hotels.
Fancy Dining
Eating out can be fun, especially at nice restaurants, but it can also be very costly. Try making your favorite restaurant dishes at home. You can even look up menus online and try and recreate what you see, often for a fraction of the cost you’d spend if you sat in a restaurant.
Pet Accessories
Many pet owners splurge on high-end accessories and gourmet pet foods that can test their budgets. And even though you love your furry family members, most pets don’t need that to be happy. If you do want to spoil them, wait for things to go on sale first.
Fitness Classes
Boutique fitness studios tend to run hefty per-class rates that can seriously add up. Look for free or inexpensive fitness opportunities: community classes, group activities or even online workout videos. Most gyms have inexpensive membership options, but you can usually get by with resources that cost next to nothing.
Subscription Services
Subscription services — from streaming platforms to meal kits — can add up fast. Many people forget about services they are no longer using. Go through your subscriptions, unsubscribe from services you don’t use, and look for bundle deals that offer more value for your dollar.
