5 things we pay for – but never use!

Thanks to the ease and simplicity of online shopping, and the fact that anything we want is just a few clicks away, now more than ever we’re spending money on things we don’t need.

We all need to make purchases each month, but we’re all guilty of buying products with the best of intentions but then failing to use them and getting our money’s worth.

Simply put, the money we spend on useless products could be better spent. Either by adding the money straight into your savings or your personal pension or even spending it on investments like real estate, gold and silver.

Here we’ll take a look at 5 of the most common items that we happily pay for, but never use!

Exercise equipment

One of the most common spending faux pas! Exercise equipment is always bought with the greatest of intentions in mind. You want to get fit, but don’t always want to hit the gym, therefore a treadmill, exercise bike and even dumbbells and hand weights seem likethe perfect solution.

The sad truth is that after a couple of weeks most of our exercise equipment ends up gathering dust in the corner of the room or gets used as somewhere to hang our clothes.

Kitchenware

Fancy yourself as a kitchen-whizz?

Whether you want to bake bread at the touch of a button or whip up some cupcakes with a flashy stand mixer, the sad fact is that despite the hefty price tag, these items end up being stored in the back of a kitchen cupboard and only come out once a year.

Streaming services

There is indeed a lot of great TV out there at the moment. And many of our favourite shows are only available on certain streaming services.

It makes sense to purchase that free trial so you can binge-watch the show you have in mind, but most of us forget to cancel the subscription and end up paying a considerable monthly payment.

Magazines

Do you really have the time to read and enjoy the magazines you pay for every single month? By the time we actually get to sit and enjoy them, most of the celebrity stories have moved on and the information is no longer relevant.

Whether you buy a physical version in-store or you have a monthly online subscription, your money could be spent better elsewhere.