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1) Alcohol

In 2019, we spent $549 per person on alcoholic beverages, according to the BLS. CDC reports that excessive drinking costs taxpayers $249 billion annually.

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2) Gambling & lottery tickets

According to Wonderopolis, a division of the National Center for Families Learning, you'd be better off saving or learning how to invest money than than playing the lottery.

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3) Retail Therapy

Americans spent $182.98 a month on impulse purchases in April 2020. If we did that every month, we'd spend $2,195.76 a year.

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4) Fast food

We eat out one to three times per week and eat fast food 36% of the time. We spend more than $6 per meal at fast-food restaurants.

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5) Soda

In the financial sense, soda may appear to be relatively harmless, but it has a significant impact on our health and wallets.

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6) Speeding

The cost of a speeding ticket varies by state and speed, ranging from $20 in Oklahoma to $135 in Colorado for exceeding the posted speed limit by up to 15 miles per hour.

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7) Coffee

If you buy this every workday, you'll spend $16.75 to $19.75 per week. That's $871 to $1,027 a year for coffee or more for seasonal drinks.

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8) Beauty and hair care

In 2019, the average American spent $786 on salon visits, manicures, and grooming products. And, you'll spend $600 to $1,200 per year on only your nails.