2. 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.

3. Bottled Water

I have a bottle of air; do you want to buy it? Sounds crazy, isn’t it? Now you will think air is free why should we pay for it? Yes, indeed! Air is free and so is water, even then people are seen buying bottled water. Water is one of the most abundant, freely available resources on planet Earth. 

With all of those beautiful pictures of fresh water springs, falling waterfalls and snowy mountains on the front of most water bottles, you tend to get tempted towards the bottled water kept in the shelf of a supermarket. Buying bottled water daily is one of the reasons for wasting money unwantedly. Instead, the best option is to buy a water filter for your tap and stop wasting your money.