#MoneyWasting #FinancialBlunders #OpinionsWelcome
Hey there! 💸 When it comes to money, we all have those moments where we look back and think, “Wow, that was a total waste.” Whether it’s a regrettable purchase or a bad investment, we’ve all been there. Let’s dive into some common money-wasting choices that people make:
Unnecessary Subscriptions:
• Streaming services you rarely use.
• Magazine subscriptions you forget exist.
• Gym memberships you never utilize.
Impulse Buys:
• That trendy item you never wear.
• Sales that tempt you but you never use.
• Dining out excessively when you could cook at home.
Overpriced Brand Names:
• Designer clothing that is overly expensive.
• Luxury cars that drain your savings.
• Gadgets with flashy features you never need.
Financial Fads:
• Following investment trends without proper research.
• Investing in cryptocurrency without understanding.
• Pyramid schemes promising quick riches.
High-Interest Debt:
• Payday loans with astronomical rates.
• Credit cards with hidden fees.
• Personal loans with unreasonable terms.
Remember, everyone’s perspective on money-wasting differs based on personal experiences and values. Let us know in the comments what you think is a waste of money! ðŸ’💰 #MoneyTalks #FinanceTips #SavvySpender.
Extended warranty on low cost goodss
Tobacco
Door Dash. If you really want to order food make sure you check if the restaurant has their own delivery services, it’s usually cheaper that way anyways.
Supreme
Uber eats
Those people who buy containers to put things in that already come in containers
Many subscription based apps
Starbucks coffee.
Coachella
Dropping a ton of cash on a wedding.
I’ve never quite got it. And seriously, expecting guests to shell out loads on gifts, outfits, and if they’re in the wedding party, even more expenses? It feels like a bit of a stretch.
DOORDASH
Weddings
MLMs and supporting people who are in MLMs.
Gambling
NFT’s
Weddings
Paying for pornography.
Instacart. Manicures. Not paying your credit card in full and incurring fees. Fees are the stupidest thing someone can waste their money on.
Extremely expensive carsss
-Subscriptions to entertainment that you can mostly find for free online .
-Cookbooks with recipes you can find free online.
-paying for apps that you hardly use
Getting a new I-Phone every year.
Those special projects that the government funds, like spending $3M to study shrimp on treadmills.
Inflation – Everything costs more but isn’t any better.
I spent half my money on gambling, alcohol and wild women. The other half I wasted
Mistresses that are uglier than the actual wife
Overpriced coffee.
Name brand clothing for babies. Your kid will shit and piss all over it until they outgrow it in a month.
Designer clothes and accessories
Easy. Health insurance. The fact that we literally pay monthly for it and STILL have to pay a deductible up to a certain amount is crazy to me. Then they can turn around and deny your claim if THEY feel it’s not necessary.
For an example, my father had a major heart surgery and the doctors wanted him to wear a heart monitor for the first few weeks when he was released to ensure things were progressing in the right direction. I believed it also served as a electric shock if his heart stopped beating.
The damn insurance company decided it wasn’t needed and denied coverage for it. It’s fascinating to me that the insurance company can make that decision and trump a doctors request.
Soooo, we had to go out of pocket to purchase the damn thing.
Most in app purchases for games
Slot machines
Gossip mags. Anything about celebs, really. Anything that takes away from becoming self sufficient and learning to take care of yourself.
bottled water
Buying cosmetics in video games. Why would you pay 20 for a skin when you could get 2 burritos or even whole other game
Most designer stuff. You’re just paying for the branding. 9 times out of ten it’s made in the same factory that’s making other less costly brands.
The food at an airport when you’re through security. 10 euro for the driest piece of bread with tasteless tomato and chewing-gum quality mozzarella and some grass disguised as basil is such a waste of money. Worse thing is. I cannot get anything else here cause it’s 7 in the morning
Fast fashion. I only just threw away an old T-shirt that had worn out after more than decade of use, yet a pair of cheap shoes a relative bought from Australian Kmart for Christmas came apart after just four months. People who buy fast fashion end up spending more money on clothes in their lifetime than someone who buys more expensive items that will last longer.
Fancy handbags. I cannot fathom the whole situation. Someone buys the most god-awful looking handbag for five or even six figures, and then brags about it. It’s so weird!
Going on a cruise. Aside from being an illness hazard, why in the name of all the gods would I sign up to vacation in a waterborne apartment building? Hundreds of people, noise, kids, amenities I could care less about. Packed in like bees in a beehive. So much nope. It’s like “camping” at a campground in amongst all the RVs and motorhomes while in my tent. My rage generator would never shut down like it’s supposed to on vacation.
Movie sites are becoming overpriced. Illegal movie sites are on top
Little edible gold flakes on food
Clubbing, you pay an exorbitant fee after waiting in line for 2 hours to enter a hot cramped room with music that’s so loud you lose hearing for a couple hours. And don’t get me started with the drinks. $25 for a cup of a watered down cocktail.
Mega anything. Especially mega-yatchs or mega-mansions… like what is the point of having a property or an asset so massive like that? Especially if it requires high maintenance or is very expensive to repair something when damaged.
I personally think it’s a waste of money that can be used or spent on something more efficient. But to each their own.
Home owners association.