"Money Saving" Hacks That Won't Save You Money

Not all money saving tricks are created equal, and it turns out that some might cost you more in the long run. Here are just a few of the "money saving" hacks that will cost you more in the long run. Buying just because something is on sale When you didn't want to buy something, you're spending money you didn't have to spend and could have saved instead if you had bought it on sale. Taking a Detour for Cheaper Gas When you drive across town just to get cheaper gas, it costs you time and money. The price difference per gallon has to be significant relative to the distance to make it worthwhile. Buying cheap Trying to save money by buying cheap items up front can end up costing you more. Cheaper, lower quality products may wear out faster or break more easily, requiring you to replace them more often.