When you think about a millionaire in the news, what is the first thing that comes to mind concerning their spending habits? You probably think of a huge mansion, diamond jewelry, lavish vacations, and designer clothes. We often think that the richest people in the world wouldn’t dare be caught in a place like Wal-Mart or Target, right? This isn’t necessarily the case! Remember, there is a reason why they became rich in the first place. Just because they have a large bank account doesn’t mean that they splurge on everything!
Let’s take a look at some of the items rich men and women don’t always overspend on.
Moisturizer
You’ve likely heard of the brand Aquaphor, a lip treatment that costs much less than many luxury brands. For just the mere cost of $10, you can have the same lip cream that Meghan Markle reportedly uses! While there will be some celebrities that spend thousands on expensive makeup, creams, and moisturizers, such as Khloe Kardashian and Julia Roberts, most wealthy individuals make do with the lesser-known and cheaper varieties. They realize that many inexpensive brands work just as well, if not better, than the flashy, expensive ones.
Gas
A millionaire may just have an expensive vehicle or two in their three-car garage, but that doesn’t mean they want to pay a lot to make it run! Wealthy adults still seek out gas stations that offer the lowest prices. Many even install apps that are designed to help frugal consumers find cheap gas options nearby. Why pay more when a better price is just down the road a few blocks?
Home essentials
You might be tempted to buy the most expensive toilet paper on the shelf if you had more money than you know what to do with. In reality, most rich people are buying the same brands as the rest of the world. This goes for other household products, such as cleaning supplies, laundry soap, and dish soap. Many will even shop at big-bulk stores, such as Costco. Taking advantage of bulk deals is a great way to save money on items you will always need.
Gift wrap
Have you ever noticed the price of high-end gift wrap and bows? You could spend as much on the wrapping paper as you do on the gift itself! You may think rich people don’t care about the price, right? Wrong! Most still do their shopping at places like dollar stores, a place where you can get cheap wrapping paper for every occasion. Sure, the gift you get from them may be more expensive, but it’s probably wrapped in dollar-store gift wrap. Why spend money on something that is just going to get ripped to shreds anyway?
Traveling
Yes, wealthier men and women often travel around the world for pleasure. However, many still use the same types of online travel apps that the rest of us do. These include two popular apps known as Trivago and Expedia. They realize that they don’t need to spend more when they could get a great deal with a little research! Some even choose to fly in coach seats rather than in first class in order to save more.