If you’re looking to build wealth, the answer may not always be simple. However, it never hurts to develop a budget. Part of this budgeting plan might be cutting out expensive or frivolous purchases. Perhaps you should ask yourself the following question. “Is this a want or a need?”

Examples of things that likely don’t fit anyone’s fiscal budget are impulse spending on that brand new sports car, or a shopping binge at Saks Fifth Ave. The folks over at All Time Lists have provided a quick assortment of 10 expenses that wealthy people traditionally avoid. To see the list in its entirety, click here.

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