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This is largely due tomacroeconomic concernsand diminishing consumer demand.
Unsurprisingly, many luxury brand companies continue to seek ways to get customers flocking to their stores.
Here are some little luxuriesyou should stop paying for in 2025.
Instead, opt for more affordable brands that are still high-quality without the high price tag.
If you must get a specific brand, consider thrift shopping for a light-used version of whatever you want.
Electronics
Having the latest gadgets can feel like a necessity, but more often its a luxury.
And this is if you buy two items from the same brand.
For example, theiPhone 16 Pro Maxstarts at $1,199.
TheiPhone 15starts at $699.
While the newer model may have better specs, ask yourself if its worth the extra $500.
Keep in mind that new versions of electronics come out frequently.
According toNumbeo, the average cost of a mid-range restaurant is $75 for two people.
Say you go out three times a week.
Thats about $225 on meals every seven days or $11,700 a year.
Of course, you might spend much less than that each time you go out.
you’re free to always cook more at home and reserve the dining out for special occasions.
If cooking isnt your forte, stick with simpler meals that are easy and quick to prepare.
According to theKrazy Coupon Lady, the average cost of a grande coffee at Starbucks costs about $2.95.
This is assuming you dont request a specialty drink or any add-ons.
A venti costs $3.25 on average.
Say you get a grande for $2.95 five days a week.
Thats $767 a year just on your daily coffee run.
you could still treat yourself, but you might want to start making more drinks at home.
People spend a lot at the gym, as well.
The FTC is working on its Click-to-Cancel rule, which will make it easier to cancel recurring subscriptions.
Expensive Travel
The average American household was projected tospend around $2,843 on summer travel in 2024.
You may also want to avoid those expensive vacation packages.
Take Disney World as an example.
The averagefamily of four spend $6,865 for five nights.
This is for a baseline trip that doesnt even include airfare.
A more luxurious version of it costs over $10,000.
This doesnt mean you should skip travel altogether.
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