{"id":25664,"date":"2025-06-29T23:19:24","date_gmt":"2025-06-29T23:19:24","guid":{"rendered":"https:\/\/www.europesays.com\/us\/25664\/"},"modified":"2025-06-29T23:19:24","modified_gmt":"2025-06-29T23:19:24","slug":"16-ways-to-stop-wasting-your-money-and-build-wealth-according-to-rachel-cruze","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/25664\/","title":{"rendered":"16 Ways To Stop Wasting Your Money and Build Wealth, According to Rachel Cruze"},"content":{"rendered":"

One of the biggest obstacles to building wealth<\/a> is overspending. Luckily, there are plenty of tips and tricks that can help you stop throwing money away on unnecessary purchases and save and invest in your financial future.<\/p>\n

See More: We\u2019re a Family of 5 Living on One Salary \u2014 Here\u2019s Our Monthly Budget<\/a><\/strong><\/p>\n

Read Next: 5 Types of Cars Retirees Should Stay Away From Buying<\/a><\/strong><\/p>\n

Money expert Rachel Cruze recently shared on YouTube<\/a> her best practices to manage your spending. Here\u2019s what you need to do if you\u2019re working to grow your wealth<\/a>.<\/p>\n

\"Kateryna<\/p>\n

Kateryna Onyshchuk \/ Getty Images\/iStockphoto<\/p>\n

Identify Your Spending Tendencies<\/p>\n

Who are you when it comes to spending money? Cruze uses the example that some people are natural spenders while others are savers. Ask yourself whether you prioritize buying quality items or quantity to better understand how and why you spend money.<\/p>\n

Be Aware: 8 Frugal Habits Americans Are Ridiculed for \u2014 and Why You Shouldn\u2019t Care<\/a><\/strong><\/p>\n

View More: Ways To Save Money That Actually Work in 2025<\/a><\/strong><\/p>\n

\"Delmaine<\/p>\n

Delmaine Donson \/ iStock\/Getty Images<\/p>\n

Create a Budget<\/p>\n

One of the biggest misconceptions about having a budget is that it means you can\u2019t spend money.<\/p>\n

On the contrary, a budget helps you keep from overspending. Cruze said your monthly budget should have your income at the top along with a list of all your expenses and the amounts you\u2019re giving and putting into savings. Place dollar amounts next to each one.<\/p>\n

\u201cThe goal is your income minus all of those expenses and giving and saving should equal zero,\u201d Cruze said, adding that if you\u2019re spending within what you budgeted, you\u2019re not going to overspend.<\/p>\n

Explore Next: Clever Ways To Save Money That Actually Work in 2025<\/a><\/strong><\/p>\n

\"praetorianphoto<\/p>\n

praetorianphoto \/ Getty Images<\/p>\n

Set Money Goals<\/p>\n

Are you in student loan debt? Plan to pay it off in full. Do you need to buy a used car? Start saving money now to buy it in cash.<\/p>\n

\"nd3000<\/p>\n

nd3000 \/ iStock.com<\/p>\n

Track Your Spending<\/p>\n

How much do you really spend every day? You can track these purchases and their amounts by writing them down or using an app.<\/p>\n

\"lechatnoir<\/p>\n

lechatnoir \/ Getty Images<\/p>\n

Do a No-Spend Challenge<\/p>\n

Commit to a month where you\u2019re spending money only on necessities like shelter, groceries, utilities and transportation. Cancel any monthly subscriptions to streaming services and avoid scrolling through Amazon for items you don\u2019t need.<\/p>\n

By retooling your mindset to buy only what you need, Cruze said, you might be able to reset the way you spend money.<\/p>\n

Try This: 9 Downsizing Tips for the Middle Class To Save on Monthly Expenses<\/a><\/strong><\/p>\n

\"Neustockimages<\/p>\n

Neustockimages \/ iStock.com<\/p>\n

Don\u2019t Eat Out<\/p>\n

It will always cost more money to eat out than to cook at home.<\/p>\n

If you want to start a no-spend challenge, Cruze recommends trying a \u201cdon\u2019t go out to eat challenge.\u201d Spend a full season cooking at home and track how much you save. (Spoiler: You\u2019re going to save a lot of money.)<\/p>\n

\"xavierarnau<\/p>\n

xavierarnau \/ Getty Images<\/p>\n

Plan Your Meals<\/p>\n

If you don\u2019t know what you\u2019re having for dinner, you\u2019ll be all the more likely to go out to eat rather than cook. (This is especially true if it has been a long day.) Become intentional with your meals and meal prep them out for a full week.<\/p>\n

\"Jacob<\/p>\n

Jacob Wackerhausen \/ iStock.com<\/p>\n

Spend With Cash<\/p>\n

You spend a lot less money if you stick to using cash only: yes, really. Put your credit or debit card away and use cash to get better control on your spending habits.<\/p>\n

Discover More: 4 Surprising Things That Could Impact Your Wallet If a Recession Hits<\/a><\/strong><\/p>\n

\"MarsBars<\/p>\n

MarsBars \/ Getty Images\/iStockphoto<\/p>\n

Get Debt Out of Your Life<\/p>\n

Make necessary moves that actively put money back into your pocket, like getting rid of credit cards.<\/p>\n

\"DragonImages<\/p>\n

DragonImages \/ Getty Images<\/p>\n

Rethink Retail Therapy<\/p>\n

It\u2019s not uncommon to \u201cfix\u201d a bad day by going on a shopping spree or celebrate a win by \u201ctreating yourself\u201d to expensive things.<\/p>\n

If you\u2019re scrolling online and worry you may start shopping for things you don\u2019t need, Cruze recommends putting down the smartphone or iPad and going for a walk, listening to your favorite podcast or completing some tasks you\u2019ve been putting off.<\/p>\n

\"tdub303<\/p>\n

tdub303 \/ iStock.com<\/p>\n

Say No To Sales<\/p>\n

Even if something on sale seems like a good deal, that doesn\u2019t mean it\u2019s a good deal for you.<\/p>\n

That\u2019s Interesting: 8 Frugal Habits You Should Never Quit, According to Frugal Living Expert Austin Williams<\/a><\/strong><\/p>\n

\"sergiophoto84<\/p>\n

sergiophoto84 \/ Getty Images<\/p>\n

Shop With a List<\/p>\n

Whether you\u2019re shopping for groceries or back-to-school supplies, sticking to a list keeps you on budget and keeps from buying things you don\u2019t need.<\/p>\n

\"Halfpoint<\/p>\n

Halfpoint \/ Getty Images\/iStockphoto<\/p>\n

Limit Social Media<\/p>\n

Now more than ever, curated ads and influencers on social media platforms are showing us all sorts of things we never knew existed that we should spend money on. If you take a break from social media, you\u2019ll be able to save more money since it\u2019s now out of sight and out of mind.<\/p>\n

\"Jose<\/p>\n

Jose Calsina \/ iStock.com<\/p>\n

Pause Before You Spend<\/p>\n

Instead of hitting \u201cplace order\u201d or \u201cbuy now,\u201d wait a few hours. Better yet, wait 24 hours. Then come back to your online shopping cart and ask yourself whether you really needed what\u2019s in it.<\/p>\n

Trending Now: 25 Creative Ways To Save Money<\/a><\/strong><\/p>\n

\"Valeriy_G<\/p>\n

Valeriy_G \/ Getty Images\/iStockphoto<\/p>\n

Use What You Have<\/p>\n

Go through your closet. Dig through your pantry. Comb through the junk drawer. Chances are pretty good you might already have some of the things you were planning to go out and buy new already at home, like an extra bottle of shampoo or pasta sauce.<\/p>\n

\"stockstudioX<\/p>\n

stockstudioX \/ Getty Images<\/p>\n

Hold Yourself Accountable<\/p>\n

You don\u2019t have to curb your spending habits alone. Share your plans with a close friend, partner or trusted mentor who is good with money. Run your ideas past them or get their feedback on what you\u2019re doing to better hold yourself accountable for your actions.<\/p>\n

More From GOBankingRates<\/strong><\/p>\n

This article originally appeared on GOBankingRates.com<\/a>: 16 Ways To Stop Wasting Your Money and Build Wealth, According to Rachel Cruze<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"One of the biggest obstacles to building wealth is overspending. Luckily, there are plenty of tips and tricks…\n","protected":false},"author":3,"featured_media":25665,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[64,1936,22773,22774,255,22771,16796,18558,67,132,68,22772],"class_list":{"0":"post-25664","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-getty-images","10":"tag-money-expert","11":"tag-monthly-budget","12":"tag-personal-finance","13":"tag-rachel-cruze","14":"tag-spending-habits","15":"tag-spending-money","16":"tag-united-states","17":"tag-unitedstates","18":"tag-us","19":"tag-ways-to-save-money"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114769216527957838","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/25664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=25664"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/25664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/25665"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=25664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=25664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=25664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}