7. Overspending On Bulk Purchases to Cut the Grocery Bill

There is a common belief people have, that items available in bulk sizes come with discounted rate and thus helps in saving money. You must not fall with the crowd; before buying anything in bulk or super large quantity. always compare the individual product sale prices to bulk prices. Whatever is less, buy them.

"One of the biggest mistakes people make (buying in bulk) is that they think they'll use something up, but they end up throwing most of it away," explains Parker Hurlburt, Vice President of research for Acosta, as quoted by businessinsider.com. 

More: 6 Ways Your Brain Misleads You While Handling Money

8. Skipping Health Visits to Pocket the Co-Pay

Being a health insurance policy holder, you would be well aware of the term co-pay. Well, co-payment or co-pay is a type of insurance policy where the policyholder pays a specified amount out-of-pocket for medical service or supply such as doctor visits and prescriptions drugs at the time the service is rendered, while the insurance company paying the remaining costs.

Did you skip your date with the dentist because you couldn't bear the co-pay? Not smart. 

A recent Consumer Reports revealed that those who avoided medial check up and health care during the initial stages of health issue, ended up suffering major health problems leading to hefty medical bills. 

So, to reduce the pain in your mouth and wallet, look for free and low-cost clinics or check out a local dentist. 

Also Read: Married? Save on Your Car Insurance Premium