2. Savings: No! Saving is not a waste but not saving your money in a right manner is a waste. Excess of saving is not a good habit.  For example if you are offered with a 401(k) through your job, then try to take full advantage of it. But be careful to avoid locking away all the money as you might need some in future. Try to set up an emergency fund for the unexpected situations. If you don't have a 401(k) option, then contribute some amount to a Roth IRA where you can save a lot of money. In a Roth, you won't get a tax deduction for money you put but in case of an emergency you can take your original funds back without owing income tax or the tax penalty commonly applied to early withdrawals from retirement accounts.

3. Weight loss traps: Taking some fat burning pills or going for a laparoscopy will cut out my fats and I can regain my shape. Do you think the same? Then think twice. Most of the infomercials promoting miracle pills and potions that promise to cut off extra fats of you and would conveniently turn you to a lean and fit person are all fakes. These weight loss supplements and pills are nothing but traps that don’t offer much benefit for you but yes a waste of money. Don’t become a victim of such traps! A healthy and fit body in an ideal weight doesn’t come in a pill, instead you will save thousands of rupees by learning how to lose your weight by learning some healthy tips.

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