Even though the rich have enough money to buy everything they want, they are actually very frugal when it comes to spending it, and here are some spending mistakes that they avoid.

In a report published in the Australian edition of Readers Digest, writer Jordi Leib Micraw said that it may sometimes be tempting to buy a cashmere sweater or the latest car, but buying items on a whim is not the habits of the wealthy, and this does not mean that Millionaires don't buy luxury goods, they think hard before acquiring them.

Colossal inheritance

We may think that we should bequeath an enormous amount of money to our children and grandchildren so that they do not have to work like us, but the wealthy never consider leaving an inheritance, and according to CNBC, both Bill Gates and Mark Zuckerberg have admitted that they want to work Their children build their own future instead of relying on charity.

Instead, they both donate a significant portion of their wealth to charity, to help those who need it most.

TV channels and video games

Rich people don't spend their time sitting in front of a screen all day, which is why they don't waste money on huge TV subscription packages or new video games.

According to 2015 data from the Nelson Center, adults in families with an annual income of less than $ 25,000 spend significantly more time in front of televisions, video games, or radio, compared to adults in families with annual incomes of more than $ 75,000.

And Thomas Corley, author of Rich Habits: The Daily Success Habits of Rich People, also found that 67% of HNWIs say they never watch TV.

Luxury brands

Rich people can buy the latest fashion from top designers, but this does not mean that they spend their hard earned money on high-end clothing. IKEA founder Ingvar Kamprad told Newsweek that he only wears clothes from The flea market, Gates also told Time magazine that he was still wearing a $ 10 watch despite his ability to purchase a wardrobe full of Rolexes.

Rich people can buy the latest fashion, but that does not mean that they spend their hard earned money on high-end clothing (Getty Images)

An expensive house

Even though the budget that the rich put into buying homes remains huge, they are always looking for good deals because they want to feel their money is worth.

In fact, the rich spend millions, but they will try to bargain on prices like everyone else, some of them even completely reject the idea of ​​buying a luxury home. According to US News and World Report, Warren Buffett remains. He is the third richest man in the world, and he lives in the house he bought in 1958 for 31,500 dollars.

Buy rather than rent

According to "Extra Mansions and Millionaires" host Michael Corbett, some rich people try to avoid the hassle of owning a home, so they prefer to rent. Corbett told the Huffington Post, "Rent has become more common than any Time passed, even among the wealthy. "

Luxury barbershops

Everyone needs to take care of their hair once in a while, but some high-profile celebrities don't think this is a worthwhile spending of money.

For example, billionaire businessman John Codwell cuts his hair himself, according to the American "Time" magazine, and the founder of "IKEA" Ingvar Kamprad admitted to the American magazine "Newsweek" that he usually cuts his hair while visiting developing countries as a way to return the favor.

Multiple credit cards

In a statement to US News and World Report, Thomas Corley, author of the best-selling book, The Habits of the Rich, said that only 8% of wealthy people use more than one credit card, while 77% of the poor own multiple credit cards.

And multiple credit cards mean you'll pay more fees, spend more money, and buy items you don't need.

Only 8% of the wealthy use more than one credit card, while 77% of the poor have multiple credit cards (Shutterstock)

Late payments

Nobody likes to pay late fees when it's too late to pay a bill or installments, especially the wealthy.

For this reason, the wealthy resort to automatic payments from their bank accounts, whether mortgages, car payments, or credit and insurance cards.

Things don't last

Even if the wealthy have money to replace worn out or broken down items, they don't want to waste their money that way.

According to money management expert Peter Bush, rich people know that cheap items cannot last long.

They prefer the old

According to Jim Tardy, author of "The Real Millionaire", the wealthy are opting for once-in-a-lifetime experiences rather than buying new devices. As Tardy told the British magazine "The Week", she knows many millionaires who prefer old iPhones instead of modern ones. .

the retirement

According to CNBC, a study published in 2010 by the British company Barclay's Wealth revealed that 54% of millionaires would like to work during their retirement years, and that 60% of those with a wealth of 15 million plan to work. Regardless of their age. "

Gambling

The rich do not need to buy lottery tickets because they are already indigent, but they are still against the idea of ​​wasting their money on gambling.