4. Jewelry: Indian women have craze for jewelry, even if they have a dozen of them they will still go for buying new ones. It is a fact that all jewelries are subjected to volatile changes in price and high markups.  The industry average markup varies widely from 100 percent to over 1000 percent.  Also, jewelry is always an emotional purchase, so you need to think logically about what you are getting when you pay for it. Jewelry is rich in sentimental value but it loses approximately 10 percent in the first year of ownership. When you try to sell used jewelry the depreciation may hit hard but as a buyer, you can take advantage of the markdown in order to save more money.

5. Cigarettes and beer: People working in an IT field or non-IT field make money like anything nowadays and in addition they take a lot of stress, which result in smoking and drinking. Some people smoke and drink to just show off and some do it giving the reason of being stressed. Whatever the case is both smoking and drinking will cost you more if you calculate for a year. One single cigarette will cost you at least six to seven rupees and a total of 2555 rupees a year. A bottle of beer will cost you around 80 rupees, even if consumed once in a weak it will cost you more than you imagine. Smoking and drinking can cause health problems like cancer, kidney failure and more, which will result in you being hospitalized and again spending more money. On the contrary, being healthy will cost you less.

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