Money Wasters

MarketWatch had an article today that I totally agreed with: "These 16 money wasters are why so many Americans can’t save for retirement; We can’t tell the difference between needs and wants and are unable to delay gratification."

(It's not "we", since a lot of us were raised to be frugal, and we know how to prioritize.)

Those 16 money wasters are:

1. Tattoos 

2. Vacations

3. College 

4. Restaurants

5. Opportunities lost

6. Transportation 

7. Credit cards 

8. Lottery 

9. Clothing

10. Shoes 

11. Tchotchkes and stuff

12. Failing to look ahead

13. No backup plan 

14. Holidays 

15. Toys 

16. Haircuts

I noticed they somehow forgot to list expensive cell phones and cell phone plans; and expensive cable TV packages with more channels than they can watch. But I wholeheartedly agree with #5, transportation -- I've never seen so many poor people driving such huge, new pickup trucks and SUVs!