7 Money Saving Mistakes Some saving methods aren’t as helpful for our bank accounts as we think. Insider spoke with financial experts and discovered what investments may be doing <br />more harm than good. 1. Buying in bulk: Items can go bad before you use them, meaning both food and money are going to waste. 2. Signing up for cash back credit cards: As soon as you miss a payment, high percentage rates can cost you hundreds of dollars. 3. Having an unlimited cell phone plan: The average user doesn’t use enough data, talk or text for an unlimited plan. 4. Consistently buying the cheapest brands: You’ll have to spend more money to replace the low quality items. 5. Signing up for multiple subscription services: Over time, you may overcompensate and be charged for services you aren’t using. 6. Buying more to achieve free shipping: You waste more money buying extra items you don’t need. 7. Shopping at sales for companies going out of business: You pay more since most businesses raise their prices and later stamp a sale tag on them.
