10 things that make you poorer

Some purchases keep costing you over a lifetime of use; others may have been a bad idea to begin with. Here's what to know to minimize unplanned spending.

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VIDEO ON MSN MONEY

543Comments
Jan 22, 2013 10:49AM
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Government taxation and EPA regulation is putting all of us in the poorhouse.

Those of us that work anyway.

Jan 22, 2013 10:41AM
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Just as Medical Cost needs to be regulated, Pharmaceutical Costs, and Insurance Cost needs to have profit based ceilings applied to the services; along with Cell Phones and Energy. These are the items long overdue for Government intervention. We have the largest most inflated Government to date trying to control every aspect of Americans lifestyle but looking the other way as big business destroys our lifestyle in lieu of huge profit margins. But let’s not forget the biggest waste to date and that is Ethanol; we pay farmers to stop growing their cash crops in order to get them to grow corn so we can make Ethanol to add to our gas, reducing our fuel efficiency on average of 13% creating inflation not only at the pump but at the grocery store. The inflation at the grocery checkout is around 12% every 2 months and it has been every since Geo Bush was first elected President, so remember Ethanol every time you buy groceries.  Just a few years ago (pre Ethanol) a Prime Cut Ribeye Steak was $3.99 a pound now that Ethanol has been in our tank that Standard to Select Cut Ribeye Steak is now $18.99, with that in mind I give Ethanol the award for the biggest waist in American’s Budget.

Jan 22, 2013 10:39AM
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Zarmad23, no! I used to think that way. The older the house gets, the older you get, and, the more costly the repairs become.
Jan 22, 2013 10:34AM
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For once, I actually agree. I dont care of this offends anyone, but two of the most stupid purchases are cigarettes and lottery tickets. Cigarettes effect my health too, because I have to smell your second hand smoke on a constant basis. RUDE. Lottery tickets? Just invest your money into mutal funds and you will get an average 12% return like my husband and I do. This world is full of stupid people who don't understand needs from wants.
Jan 22, 2013 10:34AM
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Not only are basics getting far more expensive, but, wages have not kept pace for more than 30 years! What does that have to say about the American dream? Now, what do you think we should do about corporate welfare? After all, if we all must have credit cards, how will we ever change this downward spiral?
Jan 22, 2013 10:33AM
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Government  giveaways!!!!!!!!!!!!!
Jan 22, 2013 10:33AM
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Paying rent monthly is a total waste! It gives nothing to look forward to, it's just a monthly payment that will lead eventually to what? Nothing. Rent is a neverending drain. We will never have a house of our own to look forward to as a result of all of our payments (and rent payments are usually much higher than a buyer's payment). A homeowner builds equity, and they have the opportunity to pay off early in most cases if they apply extra money to the principle on the loan. If a renter moves, every single penny they have put in monthly is just gone - it doesn't matter if the value of the house has gone up or not. One can't 'refinance' for a lower payment - if anything, the rent will be raised.

Once a homeowner has paid off a house, it is theirs. Not just the home, but the land, which is a valuable commodity! There is no article or person that could convince me that renting a hoome is better than buying. When they say that, they are only living for the moment, and not looking at the big picture.

Jan 22, 2013 10:26AM
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Really?! Gee MSN, I never made the connection. How about just burning or flushing my money? Is there any " real " news out there and not this schlock?
Jan 22, 2013 9:56AM
Jan 22, 2013 9:35AM
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My 2009 Camry Hybrid is paid off. Too bad your costs don't include hybrids. Also, owning a home has an advantage on your income tax.. .MSNBC is always behind.
Jan 22, 2013 9:18AM
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This article offers absolutely no value whatsoever. I think MadMadMax's post is right on target.
Jan 22, 2013 8:37AM
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Spending money on things you enjoy actually makes your life richer. But MSN's unspoken philosophy is that you should give all your money to the government and let them spend it for you.
Jan 22, 2013 8:36AM
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how about pay les tax this is a start...or stop giving freebies to every body
Jan 22, 2013 8:31AM
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there is not a simple way to print the whole list? ugh

Jan 22, 2013 8:24AM
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Everyone eles has taken a paycut, Maybe our government needs to take one for the team. Place them on minimum wage for a year . Hell even 1 month and see if they can survive!
Jan 22, 2013 8:13AM
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i rather buy a home than pay rent for something ill never own and where i live renting is as much or more than a house payment. maybe the writer of this article is just trying to make people feel good about not having anything, like that person is saving money

 

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This just shows how f dumb some of the people who write this stuff are and they get paid for doing it amazing. And they want to help you invest your money????? and they work for msn????? sitting in there little office eating bon bons and texing other idiots  just amazing
Jan 22, 2013 6:01AM
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Do you beleive in Invest Life insurerance?  I don't.  I hate when a million marketing emails are trying to advice you to invest your money with your own life or kids.  I don't want to make money that wife.  Marketing is full of BS.  I rather live traditionally.  All insurerance companies of their policies are ripping people' lives too. 
Jan 22, 2013 3:38AM
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The cost for EVERYTHING keeps going up while the over-all quality to enjoy life keeps going down.

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